Press Release 26/06/2018

CONSTRUCTION COSTS INDEX, MAY 2018

Construction costs in the Basque Country rose 0.2% in May 2018 compared to the previous month

Compared to the previous year, May 2018 on May 2017, costs rose by 2.5%

There was a 0.2% rise in Construction Costs in the Basque Country in May 2018 compared to the previous month, whilst the year-on-year rate for the same month rose by 2.5%, according to EUSTAT data.

With regards to the previous month, there was no variation in labour costs (0.0%) and the cost of raw materials rose by 0.3%.

Within raw materials, the Building sub-sector recorded a 0.2% increase in the cost of its raw materials, whereas in the Civil Works sub-sector they were up by 0.7%. The year-on-year performance of these two sub-sectors was also positive, but to different degrees: costs of raw materials in Building rose by 2.5%, whilst costs in Civil Works posted a 4.4% rise.

The prices of raw materials consumed by sector that recorded the biggest increases, May 2018 on May 2017, include those in the following sectors: Oil refining, with 17.5%; Metallurgy, with 6.3%, and Chemical Industry, with 3.9%. On the other hand, the sectors with reductions in the prices of their raw materials as a whole over the last twelve months are: theTimber Industry, which fell 0.8%; Rubber & Plastics, with a decrease of 0.2%; and Electronic Material, which dropped 0.1%.

For further information:

Eustat - Euskal Estatistika Erakundea / Basque Statistics Institute C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Press Service: servicioprensa@eustat.eus Tel: 945 01 75 62