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Home BUSINESSBuilding costs slightly up in August
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Sat, 17 Sep, 2016 12:05:31 AM
FTimes Report, Sep 17

Building costs rose by 0.6 per cent year-on-year in August 2016, according to Statistics Finland.

The prices of labour inputs in construction went up by 1.2 per cent and the prices of materials by 0.3 per cent. The prices of services fell by 0.2 per cent from one year ago.

From July to August, the total index of building costs remained nearly unchanged, the data show.

The prices of labour inputs fell by 0.2 per cent. 

The prices of materials went up by 0.3 per cent and those of services remained on level with the previous month.

Building cost index 2015=100, August 2016

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 100,5 0,0 0,6
By type of cost Labour inputs 400 100,8 -0,2 1,2
Materials 510 100,5 0,3 0,3
Services 90 99,4 0,0 -0,2
By purpose of use Residential building 440 100,5 0,1 0,6
Other building construction 560 100,5 0,0 0,7

Source: Building cost index. Statistics Finland.

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