Press release 26/02/2019

CONSTRUCTION COSTS INDEX, JANUARY 2019

Construction costs in the Basque Country rose 1.4% in January 2019 compared to the previous month

Compared to the previous year, January 2019 on January 2018, costs increased by 2.4%

There was a 1.4% rise in Construction Costs in the Basque Country in January 2019 compared to the previous month, whilst the year-on-year rate for the same month was up 2.4%, according to EUSTAT data.

With regards to the previous month, labour costs increased by 2.3% and the cost of raw materials rose by 1.1%.

This January, the Building sub-sector recorded a rise of 1.1% in raw materials and the Civil Works sub-sector an increase of 1.2%. The year-on-year trends in these two sub-sectors were also similar: costs of raw materials in Building were up 2.4%, whilst costs in Civil Works posted a 2.1% rise.

The prices of raw materials consumed by sector that recorded the biggest increases in January 2019 on January 2018 included those in the following sectors: Non-metal Industry, up 4.5%, Electricity & Gas, with an increase of 4.0%; and the Timber Industry with a rise of 2.7%. On the other hand, the sectors that saw the smallest increases in prices of raw materials over the last twelve months were Manufacture of Furniture, which remained unchanged (0.0%), Oil Refining, up 0.2% and Electronic Material and Rubber & Plastics with an increase of 0.5%, in both cases.

For further information:

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