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Press Release 28/07/2017

CONSTRUCTION COSTS INDEX, JUNE 2017

There was no variation in Construction costs (0.0%) in the Basque Country in June 2017 compared to the previous month

Compared to the previous year, June 2017 on June 2016, costs rose by 0.3%

Construction Costs in the Basque Country showed no variation (0.0%) in June 2017 with respect to the previous month, whilst the year-on-year rate for the same month rose by 0.3%, according to data provided by EUSTAT.

Compared to the previous month, there was no variation in either labour costs or raw materials costs (0.0%).

In June, the Building sub-sector registered a 0.1% rise in the cost of its raw materials in relation to the previous month, whereas costs in the Civil Works sub-sector fell by 0.3%. The year-on-year trends in these two sub-sectors saw positive and negative variations: costs of raw materials in Building fell by 0.1%, whilst costs in Civil Works posted a 1.0% rise.

The prices of raw materials consumed by sector that recorded the biggest increases in their annual prices (June 2017 on June 2016) include those in the following sectors: Oil refining, with 8.0%; Metallurgy, with 7.7%, and Non-Metal Industry, with 2.7%. On the other hand, the sectors with reductions in the prices of their raw materials as a whole over the last twelve months include: Plastic & Rubber, down 4.2%; Non-Metallic Minerals, with a 2.0% drop; and Chemical Industry, with a fall of 1.0%.

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