Eustat

Press release 27/05/2011

CONSTRUCTION COSTS INDEX OF THE BASQUE COUNTRY (ICCE) APRIL 2011

Construction costs in the Basque Country fell by 0.2% in April 2011 compared to the previous month

Over the last twelve months (April 2011 compared to April 2010), construction costs have risen by 1.1%

The Construction Costs Index of the Basque Country fell by 0.2% in April 2011 with respect to the previous month, which meant that the year-on-year rate for that month increased by 1.1%, according to EUSTAT data.

In April 2011, labour costs remained unchanged (0.0%), whereas raw material costs fell by 0.2%, compared to the previous month.

The Building and Civil Works sub-sectors registered different performances in the cost of their raw materials in April, with a 0.4% decrease in Building costs compared to the previous month and a rise of 0.2% in the case of Civil Works. In terms of the year-on-year figures for these two sub-sectors, the costs of Building raw material costs rose by 0.1%, whereas Civil Works posted a 4.3% increase.



Electricity, Gas & Steam (26.7%), Oil Refining (23.2%) and Metallurgy (15.9%) stood out among the prices of raw materials used by the sector that had experienced the highest inflation rates over the last twelve months. On the other hand, the annual prices (April 2011 compared to April 2010) of raw materials decreased or posted smaller increases in the following sectors: Extraction Industries (-6.8%), Timber & Cork, except Furniture (0.8%) and Manufacturing Furniture and other Manufacturing Industries (1.6%).

For further information:

Basque Statistics Office
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Tel: +34-945-01 75 00 Fax:+34-945-01 75 01 E-mail: eustat@eustat.es
Contact: Gerardo Pérez Aja
Tel: +34-945-01 75 06 Fax:+34-945-01 75 01
Further press releases on the Construction Costs Index of the Basque Country
Data bank on the Construction Costs Index of the Basque Country