Press release 25/06/2021

CONSTRUCTION COSTS INDEX. MAY 2021

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Construction costs in the Basque Country rose by 1.3% in May 2021 in respect of the previous month

In relation to the same month of the previous year, May 2021 on May 2020, costs increased by 2.1%

The Construction Costs Index in the Basque Country increased by 1.3% in May 2021 in respect of the previous month, according to EUSTAT data. Costs increased by 2.1% in year-on-year terms.

Costs in the Building sector increased by 1.2% in month-on-month terms and those in the Civil Works sector were up 2.0%. In relation to May 2020, for its part, prices increased by 2.0% in the case of Building and 2.4% in that of Civil Works.

Year-on-year variation rate of the Index of construction costs in the Basque Country by sector
Percentage

General index

Edification

Civil work

May, 2020
Jul, 2020
Sep, 2020
Nov, 2020
Jan, 2021
Mar, 2021
May, 2021
-2.7
-1.8
-0.9
0.0
0.9
1.8
2.7
-2.7
-1.8
-0.9
0.0
0.9
1.8
2.7
Jan, 1996
Jan, 2001
Jan, 2006
Jan, 2011
Jan, 2016
Jan, 2021
Source: Eustat. Construction costs index

Compared to the previous month, costs of raw materials rose by 1.7% whereas labour costs remained stable (0.0%). In year-on-year terms, costs of raw materials increased by 2.2%, while labour costs rose by 1.9%.

In May 2021, the Building sector posted a month-on-month increase of 1.5% in the cost of its raw materials and the Civil Works sector a rise of 2.7%. In their year-on-year evolution, costs of raw materials in Building increased by 2.1%, whereas in Civil Works they rose by 2.5%.

graf0018852_01_i.png

The prices of raw materials consumed by sector that registered the greatest increases in April 2021 on April 2020, included those in the following sectors: Oil Refining, with an increase of 40.8%; Metallurgy, up 14.9%; and Electronic Material, with a rise of 10.5%. In contrast, those sectors with reductions in prices were Non-Metallic Minerals, which decreased by 2.6%, and Manufacture of machinery, with a drop of 1.0%.

graf0018852_02_i.png

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

Inglés
Product data

Construction costs in the Basque Country rose by 1.3% in May 2021 in respect of the previous month

Operation : 
Construction costs index
Código operación : 
182480
Frequency : 
Monthly
Timeframe : 
April 2025
Last updated : 
06/25/2021
Next update : 
06/25/2025
Type of operation : 
Síntesis
Available formats : 
Pdf
Licence : 
Creative Commons
Permalink : 
https://en.eustat.eus/elementos/not0018852_i.html
Metodologia : 
Methodology file
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