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Home BUSINESSBuilding costs go up by 0.6% in May
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Fri, 17 Jun, 2016 12:33:32 AM
FTimes Report, Jun 17
 
Long term development of the Building Cost Index. Source: Building cost index. Statistics Finland.
Building costs went up by 0.6 per cent year-on-year in May 2016, according to Statistics Finland.
 
The prices of labour inputs in construction rose by 1.6 per cent and the prices of services by 0.2 per cent.
 
The prices of materials fell by 0.1 per cent from one year ago, the data show.
 
The total index of building costs rose by 0.1 per cent from April to May. The prices of labour inputs went up by 0.2 per cent and the prices of materials by 0.1 per cent.
 
The prices of services, however, remained unchanged.
 

Building cost index 2015=100, May 2016

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 100,4 0,1 0,6
By type of cost Labour inputs 400 101,1 0,2 1,6
Materials 510 99,9 0,1 -0,1
Services 90 100,0 -0,0 0,2
By purpose of use Residential building 440 100,4 0,1 0,6
Other building construction 560 100,4 0,2 0,6

Source: Building cost index. Statistics Finland.

 
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