Press Release 27/07/2018

CONSTRUCTION COSTS INDEX. JUNE 2018

Construction costs in the Basque Country rose 0.5% in June 2018 compared to the previous month

Compared to the previous year, June 2018 on June 2017, costs rose by 3.1%

There was a 0.5% rise in Construction Costs in the Basque Country in June 2018 compared to the previous month, whilst the year-on-year rate for the same month rose by 3.1%, 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 0.6%.

Within raw materials, both the Building and Civil Works sub-sectors recorded a rise of 0.6% in the cost of their raw materials. 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 3.2%, whilst costs in Civil Works posted a 5.5% rise.

The prices of raw materials consumed by sector that recorded the biggest increases, June 2018 on June 2017, include those in the following sectors: Oil refining, with 22.1%; Metallurgy, with 7.0%, and Non-Metallic Minerals, with 5.7%. 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 0.2% and Rubber & Plastics, with a decrease of 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