A more recent publication of this set of statistics is available.

Latest publication: Building cost index 2019, October

Published: 12 November 2008

Building costs rose by 3.3 per cent in twelve months

Building costs rose by 3.3 per cent from October 2007 to October 2008. Labour costs in construction went up by 4.3 per cent, prices of materials by 2.3 per cent and those of other inputs by 4.8 per cent year-on-year. This is indicated by the building cost index of Statistics Finland.

From September to October 2008, the total index of building costs rose by 0.4 per cent. The prices for labour rose by 1.5 procent and the prices of those for other inputs by 0.3 per cent. The prices of materials went down by 0.2 per cent.

Building Cost Index (2005 = 100) and its year-on-year and month-on-month changes

Index October
2008
Change %
10/2007 - 10/2008
Change %
9/2008 - 10/2008
Building trade newbuilding      
Total index 115.5 3.3 0.4
    Labour 112.4 4.3 1.5
    Materials 116.9 2.3 -0.2
    Other inputs 117.3 4.8 0.3
       
By type of building      
Newbuilding      
    Blocks of flats 115.3 2.4 0.3
    Detached residential houses 115.2 2.5 0.4
    Office and commercial buildings 115.2 3.6 0.3
    Industrial and warehouse buildings 116.1 4.2 0.8
    Agricultural production buildings 119.4 0.3 -0.4

Source: Building cost index 2008, October. Statistics Finland

Inquiries: Ms Sinikka Kanerva +358 9 1734 2231, rakennus.suhdanne@stat.fi

Director in charge: Ms Hannele Orjala

Tables

Tables in databases


Last updated 12.11.2008

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. October 2008. Helsinki: Statistics Finland [referred: 22.11.2019].
Access method: http://www.stat.fi/til/rki/2008/10/rki_2008_10_2008-11-12_tie_001_en.html