Published: 10 July 2009
Building costs fell by 1.7 per cent in June
Building costs were 1.7 per cent lower in June 2009 than in June 2008. Labour costs in construction rose by 2.7 per cent in the year. By contrast, prices of materials fell by 2.9 per cent and those of other inputs by 6.0 per cent. This is indicated by the Building Cost Index of Statistics Finland.
From May to June, the total index of building costs fell by 0.2 per cent. The prices for labour remained unchanged from May, the prices of materials fell by 0.3 procent. Those of other inputs also remained unchanged from May.
Building Cost Index (2005 = 100) and its year-on-year and month-on-month changes
Index | June 2009 |
Change % 6/2008 - 6/2009 |
Change % 5/2009 - 6/2009 |
|
Building trade newbuilding | ||||
Total index | 112.9 | -1.7 | -0.2 | |
Labour | 113.4 | 2.7 | 0.0 | |
Materials | 113.4 | -2.9 | -0.3 | |
Other inputs | 110.0 | -6.0 | 0.0 | |
By type of building | ||||
Newbuilding | ||||
Blocks of flats | 113.0 | -1.7 | 0.0 | |
Detached residential houses | 112.8 | -0.7 | -0.2 | |
Office and commercial buildings | 112.6 | -1.5 | -0.1 | |
Industrial and warehouse buildings | 113.0 | -1.7 | -0.5 | |
Agricultural production buildings | 114.9 | -4.7 | -0.3 |
Source: Building cost index 2009, June. Statistics Finland
Inquiries: Ms Sinikka Kanerva +358 9 1734 2231, rakennus.suhdanne@stat.fi
Director in charge: Ms Hannele Orjala
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Last updated 10.7.2009
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. June 2009. Helsinki: Statistics Finland [referred: 23.12.2024].
Access method: http://www.stat.fi/til/rki/2009/06/rki_2009_06_2009-07-10_tie_001_en.html