Press Release 27/11/2019

CONSTRUCTION COSTS INDEX. OCTOBER 2019

Construction costs in the Basque Country fell by 0.3% in October 2019 compared to the previous month

Compared to the previous year, costs increased by 1.8%

There was a 0.3% drop in Construction Costs in the Basque Country in October 2019 compared to the previous month, whilst the year-on-year rate for the same month rose by 1.8%, 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 was down 0.4%.

In October, the Building sub-sector recorded a decrease of 0.4% in the cost of raw materials and the Civil Works sub-sector a fall of 0.5%. The year-on-year trends in these two sub-sectors saw positive variations: costs of raw materials both in Building and in Civil Works posted a 1.6% rise.

The prices of raw materials consumed by sector that recorded the biggest increases in October 2019 on October 2018 included those in the following sectors: Electricity & Gas, up 22.5%, Timber Industry, with an increase of 3.7%, and Non-metal Industry, which rose 3.3%. In contrast, the sectors that saw the largest reductions in prices of raw materials over the last twelve months were: Oil Refining, down 7.1%; Metallurgy, with a decrease of 3.9%; and Chemical Industry, which fell 1.3%.

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