Press Release 28/09/2018

CONSTRUCTION COSTS INDEX, AUGUST 2018

Construction costs in the Basque Country rose 0.4% in August 2018 compared to the previous month

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

There was a 0.4% rise in Construction Costs in the Basque Country in August 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 0.5%.

Within raw materials, both the Building and Civil Works sub-sectors recorded a rise of 0.5% 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 3.1%, whilst costs in Civil Works posted a 5.6% rise.

Standing out amongst the prices of raw materials consumed by sector that recorded the biggest increases, August 2018 on August 2017, are those in the following sectors: Oil refining, with 23.6%; Metallurgy, with 8.4%, and Non-Metallic Minerals and Electricity & Gas, with 4.6% in both cases. In contrast, the biggest price reductions in raw materials over the last twelve months were seen in the Plastic & Rubber sector, with a decrease of 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