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Home BUSINESSBuilding costs remain unchanged in Feb
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Thu, 17 Mar, 2016 12:09:16 AM
FTimes – Report, Mar 17
 
Long term development of the Building Cost Index. Source: Building cost index. Statistics Finland.
Building costs remained on level in February 2016 with the corresponding month in the year before, according to Statistics Finland.
 
The prices of labour inputs in construction rose by 0.8 per cent. But the prices of materials went down by 0.3 per cent and the prices of services by 2.2 per cent year-on-year.
 
The total index of building costs went up by 0.2 per cent from January to February.
 
The prices of labour inputs rose by 0.1 per cent and the prices of materials by 0.3 per cent, the data show.
 
The prices of services, however, fell by 0.2 per cent from the previous month. 
 

Building cost index 2015=100, February 2016

 

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 100,1 0,2 0,0
By type of cost Labour inputs 400 100,9 0,1 0,8
Materials 510 99,7 0,3 -0,3
Services 90 98,4 -0,2 -2,2
By purpose of use Residential building 440 100,1 0,1 0,0
Other building construction 560 100,1 0,2 0,0

Source: Building cost index. Statistics Finland.

 
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