Press release 31/01/2019

CONSTRUCTION COSTS INDEX, DECEMBER 2018

Construction costs in the Basque Country fell by 0.2% in December 2018 compared to the previous month

Compared to the previous year, December 2018 on December 2017, costs rose by 2.1%

There was a 0.2% drop in Construction Costs in the Basque Country in December 2018 compared to the previous month, whilst the year-on-year rate for the same month rose by 2.1%, according to data provided by EUSTAT.

With regards to the previous month, labour costs remained unchanged and the cost of raw materials fell by 0.3%.

In December, the Building sub-sector recorded a decrease of 0.2% in the cost of raw materials and the Civil Works sub-sector a fall of 1.3%. The year-on-year performance in both these two sub-sectors was positive, since costs of raw materials in Building rose by 2.2%, whilst costs in Civil Works posted a 2.0% rise.

The prices of raw materials consumed by sector that recorded the biggest increases, in December 2018 on December 2017, included those in the following sectors: Chemical Industry, with 3.4% and Metallurgy and Non-Metallic Minerals with a rise of 3.3%, in both cases. On the other hand, the sectors with reductions in the prices of their raw materials as a whole over the last twelve months are: Oil Refining, which fell 1.5%; Rubber & Plastics, with a decrease of 0.6%; and Electronic Material, which dropped 0.5%.

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