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Home BUSINESSBuilding costs slightly up in Sept
Sun, 16 Oct, 2016 12:02:32 AM
FTimes Report, Oct 16
Long term development of the Building Cost Index. Source: Building cost index. Statistics Finland.
Building costs rose by 0.8 per cent in September 2016 compared with the previous year's September, according to Statistics Finland’s data.
The prices of labour inputs in construction went up by 1.1 per cent and the prices of materials by 0.7 per cent.
The prices of services fell by 0.2 per cent from one year ago, the data show.
From August to September, the total index of building costs grew by 0.1 per cent.
The prices of labour inputs remained unchanged from the previous month while the prices of materials went up by 0.2 per cent and those of services decreased by 0.1 per cent from the month before.

Building cost index 2015=100, September 2016

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 100,6 0,1 0,8
By type of cost Labour inputs 400 100,9 0,0 1,1
Materials 510 100,7 0,2 0,7
Services 90 99,3 -0,1 -0,2
By purpose of use Residential building 440 100,6 0,1 0,8
Other building construction 560 100,6 0,1 0,8

Source: Building cost index. Statistics Finland.

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