Press release 26/08/2021

CONSTRUCTION COSTS INDEX. JULY 2021

Construction costs in the Basque Country fell by 0.2% July 2021 compared to the previous month

In relation to the same month of the previous year July 2021 on July 2020, costs increased by 2.0%

The Construction Costs Index in the Basque Country fell by 0.2% July 2021 compared to the previous month, according to EUSTAT data. However, in year-on-year terms costs increased by 2.0%.

Costs in the Building sector were down 0.2% in month-on-month terms, whereas those in the Civil Works sector remained constant 0.0%). In relation to July 2020, prices increased by 2.1% in the case of Building and 1.4% in that of Civil Works.

Compared to the previous month, costs of raw materials fell by 0.2% whereas labour costs remained stable (0.0%). In year-on-year terms, costs of raw materials increased by 2.0%, while labour costs rose by 1.9%.

In July 2021, the Building sector posted a month-on-month decrease of 0.3% in the cost of its raw materials. The Civil Works sector, for its part, remained constant (0.0%). In their year-on-year evolution, costs of raw materials in Building increased by 2.2%, and those in Civil Works by 1.3%.

Among the prices of raw materials consumed by sector that registered the greatest increases in July 2021 on July 2020, the following sectors stood out: Oil Refining, with an increase of 29.6%; Metallurgy, up 26.5%; and Timber and Cork, with a rise of 9.4%. The only sector that posted a year-on-year reduction in its prices was Non-Metallic Minerals, where they fell by 5.7%.

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