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Home BUSINESSBuilding costs up by 1% in Oct
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Fri, 18 Nov, 2016 12:06:16 AM
FTimes Report, Nov 18
 
Long term development of the Building Cost Index. Source: Building cost index. Statistics Finland.
Building costs rose by one per cent year-on-year in October 2016, according to Statistics Finland’s data.
 
The prices of labour inputs in construction went up by 1.5 per cent and the prices of materials by one per cent from one year ago.
 
At the same time, the prices of services went down by 0.4 per cent, the statistics show.
 
The total index of building costs rose by 0.5 per cent From September to October.
 
The prices of labour inputs rose by one per cent from the previous month while the prices of materials by 0.1 per cent in a month and the prices of services by 0.4 per cent.
 

Building cost index 2015=100, October 2016

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 101,2 0,5 1,0
By type of cost Labour inputs 400 101,9 1,0 1,5
Materials 510 100,8 0,1 1,0
Services 90 99,7 0,4 -0,4
By purpose of use Residential building 440 101,2 0,5 1,1
Other building construction 560 101,1 0,5 1,0


Source: Building cost index. Statistics Finland.

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