Costs of civil engineering rose in May 2022 by 16.0 per cent from one year ago

Statistics:

Cost index of civil engineering works

Reference period:

2022, May

Published:

23/06/2022

Next release:

25/07/2022

Publication type:

release

According to Statistics Finland, the costs of civil engineering rose by 16.0 per cent from May 2021 to May 2022. The annual change in costs varied by sub-index from 34.7 per cent for surfacing to 9.9 per cent for rock structures.

Line chart. The starting point of the index in 2015 is 100. The total index has risen fairly evenly throughout the time series. In the sub-index of surfacing, sharp rises and falls fluctuate, although in 2021 the rise has been stronger than before. Earth structures are developing steadily.

Key points

The costs of civil engineering rose by 16.0 per cent from one year back.
The annual change in costs varied by sub-index from 34.7 per cent for surfacing to 9.9 per cent for rock structures.
Examined by cost factor, the biggest cost increases occurred in the costs of own machinery (25.5 %) and material costs (22.9 %).
The rise in the total index was most influenced by higher prices of motor fuel oil, bitumen, purchased transport services and metal products.

Tables

See key statistical data in the tables.

23.06.2022

Cost index of civil engineering works 2015=100 indices by structure, may 2022

	Cost index of civil engineering works (2015=100) point figure	Cost index of civil engineering works (2015=100) annual change, %	Cost index of civil engineering works (2015=100) monthly change, %
11-17 Total index	125.31	16.0	0.5
11 Foundation structures	124.71	15.0	0.2
12 Earth structures	117.02	11.4	0.6
13 Rock structures	114.23	9.9	0.3
14 Surfacing	164.08	34.7	0.0
15 Municipal engineering systems	124.07	15.2	0.5
16 Concrete structures	121.14	13.7	1.2
17 Technical and other systems	115.08	10.5	0.7
20-22 Maintenance total	113.00	6.8	0.2
20 Road maintenance	112.46	7.1	0.1
21 Street maintenance	114.13	7.0	0.2
22 Railway maintenance	111.60	6.0	0.2
Crushing work	125.65	16.9	0.7

23.06.2022

Cost index of civil engineering works 2015=100, totalindex by cost factor, may 2022

	Cost index of civil engineering works (2015=100) point figure	Cost index of civil engineering works (2015=100) annual change, %	Cost index of civil engineering works (2015=100) monthly change, %
Total index	125.31	16.0	0.5
1 Labour	108.14	3.2	0.0
11 Wages	110.93	3.4	0.0
12 Indirect labour costs	103.23	3.1	0.0
13 Travel and daily allowances	111.95	2.7	0.0
2 Own machinery	138.87	25.5	1.3
21 Capital depreciation	119.30	6.8	0.3
22 Interests and insurances	86.75	3.6	6.9
23 Repair, service and wear parts	112.60	4.8	0.0
24 Fuel and energy	193.64	60.9	1.7
3 Purchased machine services	111.10	4.4	0.0
4 Purchased transport services	112.07	10.3	0.0
5 Materials	137.17	22.9	0.5
51 Soil and rock material	111.02	5.9	-0.4
52 Cement and concrete products	119.04	11.7	0.1
53 Bitumens and plastic products	208.03	56.4	0.5
531 Bitumens	231.91	64.0	0.3
532 Plastic products	129.34	22.7	1.8
54 Timber	170.13	31.9	4.4
55 Metal products	148.54	39.0	4.9
56 Other materials and supplies	111.54	7.3	0.2
6 Construction site overhead costs	106.21	1.8	-0.1
61 Work management	106.97	1.9	0.0
62 Site office	103.62	1.5	-0.3
63 Planning and other services	105.61	1.3	0.0