HomeThemesIndex of construction costs (ICCE)Press releases Construction costs in...

Press Release 27/02/2017

CONSTRUCTION COSTS INDEX, JANUARY 2017

Construction costs in the Basque Country rose 0.7% in January 2017 compared to the previous month

Compared to the previous year, January 2016, there was no variation in costs (0.0%)

There was a 0.7% rise in the Construction Costs Index in the Basque Country in January 2017 compared to the previous month, whilst the year-on-year rate for the same month did not change (0.0%), according to data provided by EUSTAT.

Labour costs increased by 1.0% with regards to the previous month, whereas raw material costs rose by 0.6%.

In January, the sub-sectors of Building and Civil Works showed similar trends in the cost of their raw materials in relation to the previous month, with a rise of 0.6% in Building and an increase of 1.0% in raw materials consumed in Civil Works. In year-on-year terms both sub-sectors showed different variations. Building raw material costs fell by 0.8%, whereas those for Civil Works recorded a 3.0% increase.

The prices of raw materials consumed, by sector, that recorded the biggest increases in their annual prices (January 2017 on January 2016) included those in the following sectors: Oil Refining, with an increase of 47.5%; the Metallurgy, which rose by 4.5%; and Metal Products which rose by 1.3%. On the other hand, sectors that saw the biggest price reductions over the last twelve months in raw materials include the sectors of Electricity & Gas, with a decrease of 5.0%; Plastic & Rubber, which fell by 4.5%; and Non-Metallic Minerals, which was down by 2.1%.

TABLE 1. CONSTRUCTION COSTS INDEX OF THE BASQUE COUNTRY. VARIATION RATE (p). January 2017
Source: Eustat. Construction costs index