Press Release 28/05/2018

CONSTRUCTION COSTS INDEX, APRIL 2018

There was no variation in Construction costs in the Basque Country in April 2018 compared to the previous month (0.0%)

Compared to the previous year, April 2018 on April 2017, costs rose by 1.9%

Construction Costs in the Basque Country remained stable (0.0%) in April 2018 compared to the previous month, whilst the year-on-year rate for the same month rose by 1.9%, 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%).

Within raw materials, the Building sub-sector recorded a decrease of 0.1% in the cost of its raw materials, whereas in the Civil Works sub-sector it was up by 0.4%. The year-on-year performance of these two sub-sectors was also positive, but to different degrees: costs of raw materials in Building were up by 1.8%, whilst costs in Civil Works posted a 2.7% rise.

The prices of raw materials consumed by sector that recorded the biggest increases, April 2018 on April 2017, include those in the following sectors: Metallurgy, with 7.2%; Oil Refining, with 6.0%; and Chemical Industry, with 2.9%. On the other hand, the sectors with the greatest reductions in the prices of their raw materials over the last twelve months as a whole are: Electricity & Gas, which fell 2.5%; Rubber & Plastics, with a decrease of 0.5%; and the Timber Industry, which dropped 0.2%.

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