Press release 26/07/2021

CONSTRUCTION COSTS INDEX. JUNE 2021

Construction costs in the Basque Country rose by 0.2% in June 2021 with respect to the previous month

In relation to the same month of the previous year, June 2021 on June 2020, costs increased by 2.5%

The Construction Costs Index in the Basque Country increased by 0.2% June 2021 in respect of the previous month, according to EUSTAT data. Costs increased by 2.5% in year-on-year terms.

Costs in the Building sector increased by 0.3% in month-on-month terms, whereas those in the Civil Works sector were down 0.1%. In relation to June 2020, prices increased by 2.6% in the case of Building and 2.4% in that of Civil Works.

Compared to the previous month, costs of raw materials rose by 0.3% whereas labour costs remained stable (0.0%). In year-on-year terms, costs of raw materials increased by 2.7%, while labour costs did so by 1.9%.

In June 2021, the Building sector posted a month-on-month increase of 0.4% in the cost of its raw materials and those for the Civil Works sector, for its part, fell by 0.2%. In their year-on-year evolution, costs of raw materials in Building increased by 2.8%, whereas in Civil Works they rose by 2.5%.

Amongst the prices of raw materials consumed by sector that registered the greatest increases in June 2021 on June 2020, the following sectors stood out: Oil Refining, with an increase of 31.1%; Metallurgy, up 22.8%; and Electronic Material, with a rise of 13.9%. In contrast, those sectors with reductions in prices were Non-Metallic Minerals, which decreased by 3.1%, and Rubber & Plastics, down 0.1%.

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