Home > Statistics > Building cost index > 2009 > September > Building costs fell by 2.2 per cent in September

Published: 12 October 2009

Building costs fell by 2.2 per cent in September

Building costs were 2.2 per cent lower in September 2009 than in September 2008. Labour costs in construction rose by 2.6 per cent in the year. By contrast, prices of materials fell by 3.3 per cent and those of other inputs by 7.6 per cent. This is indicated by the Building Cost Index of Statistics Finland.

From August to September, the total index of building costs fell by 0.2 procent. The prices for labour rose by 0.3 procent from August. The prices of materials fell by 0.3 per cent, and those of other inputs fell by 0.8 per cent from August.

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

Index	September 2009	Change % 9/2008 - 9/2009	Change % 8/2009 - 9/2009
Building trade newbuilding
Total index	112.5	-2.2	-0.2
Labour	113.7	2.6	0.3
Materials	113.2	-3.3	-0.3
Other inputs	108.1	-7.6	-0.8
By type of building
Newbuilding
Blocks of flats	112.8	-1.9	-0.1
Detached residential houses	112.3	-2.1	-0.3
Office and commercial buildings	112.3	-2.2	-0.2
Industrial and warehouse buildings	112.7	-2.1	-0.1
Agricultural production buildings	115.0	-4.2	0.1

Source: Building cost index 2009, September. 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 12.10.2009