CONSTRUCTION COSTS INDEX (ICCE) JULY 2015

Construction costs in the Basque Country rose 0.1% in July 2015 compared to the previous month

Compared to the previous year, July 2014, construction costs fell by 0.5%

There was a 0.1% rise in Construction Costs in the Basque Country in July 2015 compared to the previous month, whilst the year-on-year rate for the same month rose by 0.5%, according to data provided by EUSTAT.

indertamotion

With regards to the previous month, there was no change in labour costs (0.0%), whereas raw material costs rose by 0.2%.

In July, the subsectors of Building and Civil Works showed different trends in the cost of their raw materials in relation to the previous month, with a rise of 0.2% in Building and a fall of 0.2% in Civil Works. The year-on-year performance of both sub-sectors was negative, though to a different degree. Building raw material costs fell by 0.3%, whereas those for Civil Works recorded a 2.6% decrease.

The prices of raw materials consumed, by sector, that recorded the biggest increases in their annual prices (July 2015 on July 2014) included those in the following sectors: Timber Industry, with an increase of 3.0%; the Manufacture of Furniture, which rose by 1.3%; and Electronic Material, which rose by 1.1%. On the other hand, sectors that saw the biggest price reductions over the last twelve months in raw materials include the sectors of Oil Refining, with a decrease of 19.8%; Chemical Industry, which fell by 1.2%; and Non-Metal Industry, which was down by 0.8%.