Press release 25/04/2023
CONSTRUCTION COSTS INDEX. MARCH 2023
Construction Costs in the Basque Country fell by 0.1% in March 2023
In year-on-year terms, March 2023 compared to March 2022, prices increased by 7.1%
The Construction Costs Index in the Basque Country fell by 0.1% in the third month of 2023 in respect of the second, according to Eustat data. Costs increased by 7.1% compared to the same month of 2022.
In month-on-month terms, costs in the Building sector were down 0.1% and those in the Civil Works sector decreased by 0.4%. In relation to March 2022, prices increased by 7.1% in both Civil Works and in Building.
Compared to the previous month (February 2023), costs of raw materials dropped by 0.2%, and labour costs remained constant. In year-on-year terms, however, the cost of raw materials rose by 8.6% and labour costs were up 2.1%.
There was a month-on-month decrease in the cost of raw materials of 0.1% in the Building sector, and of 0.5% in the Civil Works sector. In their year-on-year evolution, costs of raw materials in Building increased by 8.7% and those in Civil Works rose by 8.5%.
Index of construction costs of the Basque Country. Rates of variation (p). March 2023
| | Index | Increase (%) |
| | | m/m-1 | m/m-12 |
| Total | 126,6 | -0,1 | 7,1 |
| Edification | 125,9 | -0,1 | 7,1 |
| Civil work | 129,6 | -0,4 | 7,1 |
| | | | |
| Raw materials | 129,0 | -0,2 | 8,6 |
| Edification | 128,1 | -0,1 | 8,7 |
| Civil work | 132,8 | -0,5 | 8,5 |
| | | | |
| Labour | 119,1 | 0,0 | 2,1 |
Base 2015=100
m / m-1 Variation rate of the last observed month (m) compared to the previous month (m-1)
m / m-12 Year-on-year variation rate of the last observed month (m) compared to the same month of the previous year (m-12)
(p)Provisional data
Date April 25, 2023
Source: Eustat Construction costs index
Prices of raw materials used by the Construction sector which registered the biggest increases in March 2023 on March 2022 were those in the following sectors: Non-Metallic Minerals, up 17.0%, Timber and Cork Industry, with a rise of 16.1%, Non-metallic Minerals Industry, with a 15.0% increase, and Rubber and Plastics, up 12.8%. In contrast, the only two sectors that saw a decrease in prices of their raw materials were: Electricity and Gas, down 17.6%, and Oil Refining, with a decrease of 14.7%.
Prices of raw materials consumed in the Basque Country by sector A64. Year-on-year rate of change (p) . March 2023
| | m / m-12 |
| Non metal minerals | 15,0 |
| Timber and cork industry | 16,1 |
| Petroleum refining | -14,7 |
| Chemical industry | 6,8 |
| Rubber and plastic | 12,8 |
| Non-metallic mineral industries | 17,0 |
| Metallurgy | 8,1 |
| Metal articles | 5,0 |
| Electronic material | 2,3 |
| Electrical material | 2,4 |
| Manufacture of machinery | 5,7 |
| Manufacturing of furniture | 7,8 |
| Electrical energy and gas | -17,6 |
Base 2015=100
(p)Provisional data
m / m-12 Year-on-year variation rate of the last observed month (m) compared to the same month of the previous year (m-12)
Date April 25, 2023
Source: Eustat Construction costs index
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