Eustat

Press release 29/12/2011

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

There was no variation in Construction costs (0.0%) in the Basque Country in November 2011 compared to the previous month

Over the last twelve months (November 2010 to November 2011) construction costs registered a 1.8% increase

There was no variation in the Construction Costs index (0.0%) in the Basque Country in November 2011 with respect to the previous month, whilst the year-on-year rate for that month rose by 1.8%, according to EUSTAT data.

Compared to the previous month, in November 2011 there was no variation (0.0%) in either labour costs or raw material costs.

The subsectors of Building and Civil Works showed a different evolution in the cost of raw materials in November: Building costs fell by 0.1% whilst those of Civil Works rose by 0.3%, compared to the previous month. The year-on-year evolution of these two sub-sectors illustrates that costs of raw materials in Building rose by 1.3%, whilst costs in Civil Works rose by 4.7%.

Amongst the prices of raw materials consumed by the sector that have experienced the highest degree of inflation over the course of the last twelve months, special attention should be drawn to raw materials in Oil Refining (23.7%), Electricity, gas and steam (23.3%) and Chemical Industry (7.7%), amongst others. By contrast, there were reductions or lesser increases in annual prices (November 2010 to November 2011) in raw materials from extraction Industries (-1.4%), the manufacture of other non-metallic minerals (0.8%) and the manufacture of furniture and other manufacturing industries (1.7%).

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