Eustat

Press release 30.01.12

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

Construction costs in the Basque Country rose 0.6% in December 2011 compared to the previous month

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

There was no variation in the Construction Costs index (0.6%) in the Basque Country in December 2011 with respect to the previous month, whilst the year-on-year rate for that month rose by 1.8%, according to EUSTAT data.

With regards to the previous month, December 2011, labour costs witnessed no variation (0.0%), whereas raw material costs rose by 0.8%.

The subsectors of Building and Civil Works showed a different evolution in the cost of raw materials in December: Building costs rose by 0.8% whilst those of Civil Works rose by 0.6%, 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 1.4%, whilst costs in Civil Works rose by 3.6%.

Electricity, Gas & Steam (20.1%), Oil Refining (15.8%), and Chemical industry (6.7%) stood out amongst the sectors that experienced the highest inflation rates over the last twelve months as regards prices of raw materials. In contrast, falls or less dramatic increases in annual prices (December 2010 to December 2011) were witnessed in the prime materials of the Manufacture of other Non-metal Mineral Products (-0.1%), the Manufacture of computer, electronic and optical products (0.2%) and the Metallurgy (0.3%) sectors.

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