Press release 25/05/2023
CONSTRUCTION COSTS INDEX. APRIL 2023
Construction Costs in the Basque Country fell by 1.0% in April 2023
In year-on-year terms, April 2023 compared to April 2022, prices increased by 4.9%
The Construction Costs Index in the Basque Country fell by 1.0% in the fourth month of 2023 in respect of the third, according to Eustat data. Costs increased by 4.9% compared to the same month of 2022.
In month-on-month terms, costs in the Building sector were down 1.0% and costs in the Civil Works sector decreased by 0.9%. In relation to April 2022, prices increased by 4.8% in Building and 5.0% in Civil Works.
Compared to the previous month, March 2023, costs of raw materials fell by 1.2%, and labour costs remained constant. In year-on-year terms, however, the cost of raw materials rose by 5.7% and labour costs were up 2.1%.
There was a month-on-month decrease in the cost of raw materials of 1.2% in both the Building and Civil Works sectors. In their year-on-year evolution, costs of raw materials in Building increased by 5.7% and those of Civil Works rose by 5.8%.
Index of construction costs of the Basque Country. Rates of variation (p). April 2023
| | Index | Increase (%) |
| | | m/m-1 | m/m-12 |
| Total | 125,5 | -1,0 | 4,9 |
| Edification | 124,9 | -1,0 | 4,8 |
| Civil work | 128,4 | -0,9 | 5,0 |
| | | | |
| Raw materials | 127,5 | -1,2 | 5,7 |
| Edification | 126,7 | -1,2 | 5,7 |
| Civil work | 131,2 | -1,2 | 5,8 |
| | | | |
| 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 May 25, 2023
Source: Eustat Construction costs index
Prices of raw materials used by the Construction sector that registered the biggest increases in April 2023 on April 2022 were those in the following sectors: Non-metallic Minerals Industry, which rose by 18.8%; Non-Metallic Minerals, with an increase of 12.6%; Rubber and Plastics, up 12.1%; and the Timber and Cork Industry, with a rise of 8.1%. In contrast, the main subsectors producing products which are raw materials of the sector and whose prices have decreased were: Electricity and Gas, down 20.0%, and Oil Refining, with a decrease of 17.3%.
Prices of raw materials consumed in the Basque Country by sector A64. Year-on-year rate of change (p) . April 2023
| | m / m-12 |
| Non metal minerals | 12,6 |
| Timber and cork industry | 8,1 |
| Petroleum refining | -17,3 |
| Chemical industry | 3,1 |
| Rubber and plastic | 12,1 |
| Non-metallic mineral industries | 18,8 |
| Metallurgy | 1,0 |
| Metal articles | 0,1 |
| Electronic material | 1,3 |
| Electrical material | -1,4 |
| Manufacture of machinery | 5,5 |
| Manufacturing of furniture | 6,7 |
| Electrical energy and gas | -20,0 |
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 May 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