Press release 27/09/2021

CONSTRUCTION COSTS INDEX. AUGUST 2021

Construction costs in the Basque Country rose by 0.4% in August 2021 in respect of the previous month

In relation to the same month of the previous year, August 2021 on August 2020, costs increased by 3.3%

The Construction Costs Index in the Basque Country rose by 0.4% in August 2021 compared to the previous month, according to Eustat data. In year-on-year terms, costs increased by 3.3%.

Costs in the Building sector increased by 0.5% in month-on-month terms, while those in the Civil Works sector were up 0.3%. In relation to August 2020, prices increased by 3.3% in the case of Building and 3.4% in that of Civil Works.

Compared to the previous month, July 2021, costs of raw materials rose by 0.6%, whereas labour costs remained stable (0.0%). In year-on-year terms, costs of raw materials increased by 3.8%, while labour costs rose by 1.9%.

The Building sector posted a month-on-month increase of 0.6% in the cost of its raw materials. The Civil Works sector, for its part, saw a rise of 0.3%. In their year-on-year evolution, costs of raw materials in Building increased by 3.7% and those in Civil Works were up 3.9%.

Among the prices of raw materials consumed by sector that registered the greatest increases in August 2021 on August 2020, the following sectors stood out: Oil Refining, with an increase of 29.4%; Metallurgy, up 27.9%; and Timber and Cork, with a rise of 10.1%. The only sector that posted a year-on-year reduction in its prices was Non-Metallic Minerals, where they fell by 2.1%.

For further information:

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