Press release 28/08/2020

CONSTRUCTION COSTS INDEX. JULY 2020

Construction costs in the Basque Country rose by 0.1% in July 2020 with respect to the previous month

Compared to the previous year, July 2020 on July 2019, costs increased by 0.8%

There was a 0.1% rise in Construction Costs in the Basque Country in July 2020 compared to the previous month, whilst in year-on-year terms the index increased by 0.8%, according to data provided by EUSTAT.

Compared to the previous month, costs of raw materials increased by 0.2% whereas labour costs remained unchanged (0.0%).

In July 2020, the Building sub-sector posted a month-on-month rise of 0.1% in the cost of raw materials and the Civil Works sub-sector did so by 0.5%. The year-on-year trends in these two sub-sectors saw positive and negative variations: costs of raw materials in Building were up by 0.8%, whilst costs in Civil Works fell by 0.4%.

The prices of raw materials consumed by the sector that recorded the biggest increases in July 2020 on July 2019 included those in the following sectors: Non-metallic Minerals, up 4.1%;Electrical Material, with an increase of 1.5%; and Electronic Material, which rose by 1.2%. In contrast, those sectors with reductions in prices were: Oil Refining, down 24.0%, Electricity & Gas, which fell by 5.9% and Machinery and Metallurgy, both down 3.8%.

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