Published: 13 April 2017
Building costs rose by 0.3 per cent in March year-on-year
According to Statistics Finland, building costs rose by 0.3 per cent in March 2017 from one year back. The prices of materials went up by 1.1 per cent and the prices of services by 1.2 per cent. The prices of labour inputs in construction, in turn, fell by 0.9 per cent compared with March of the previous year. The fall in the prices of labour inputs is explained by lower social security costs compared with 2016.
Long term development of the Building Cost Index
From February to March, the total index of building costs rose by 0.1 per cent. The prices of labour inputs and services remained unchanged from the previous month. Simultaneously, the prices of materials rose by 0.1 per cent.
Building cost index 2015=100, March 2017
|Professional construction of new buildings||Weights||Index||Monthly change, %||Annual change, %|
|By type of cost||Labour inputs||400||100,4||0,0||-0,9|
|By purpose of use||Residential building||440||100,4||0,0||0,2|
|Other building construction||560||100,5||0,1||0,4|
Source: Building cost index. Statistics Finland
Inquiries: Atro Andersson 029 551 3544, Merja Järvinen 029 551 2458, email@example.com
Director in charge: Mari Ylä-Jarkko
Publication in pdf-format (272.7 kB)
Tables in databases
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. March 2017. Helsinki: Statistics Finland [referred: 24.4.2017].
Access method: http://www.stat.fi/til/rki/2017/03/rki_2017_03_2017-04-13_tie_001_en.html