Published: 12 November 2009
Building costs fell by 2.5 per cent in October
Building costs were 2.5 per cent lower in October 2009 than in October 2008. Labour costs in construction rose by 1.2 per cent in the year. By contrast, prices of materials fell by 3.1 per cent and those of other inputs by 7.6 per cent. This is indicated by the Building Cost Index of Statistics Finland.
From September to October, the total index of building costs rose by 0.1 procent. The prices for labour and the prices of materials rose by 0.1 procent from September. Those of other inputs rose by 0.3 per cent from September.
Building Cost Index (2005 = 100) and its year-on-year and month-on-month changes
Index | October 2009 |
Change % 10/2008 - 10/2009 |
Change % 9/2009 - 10/2009 |
|
Building trade newbuilding | ||||
Total index | 112.7 | -2.5 | 0.1 | |
Labour | 113.8 | 1.2 | 0.1 | |
Materials | 113.3 | -3.1 | 0.1 | |
Other inputs | 108.4 | -7.6 | 0.3 | |
By type of building | ||||
Newbuilding | ||||
Blocks of flats | 113.0 | -2.0 | 0.1 | |
Detached residential houses | 112.5 | -2.3 | 0.1 | |
Office and commercial buildings | 112.3 | -2.5 | 0.0 | |
Industrial and warehouse buildings | 112.9 | -2.7 | 0.2 | |
Agricultural production buildings | 115.1 | -3.6 | 0.1 |
Source: Building cost index 2009, October. 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 12.11.2009
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. October 2009. Helsinki: Statistics Finland [referred: 23.12.2024].
Access method: http://www.stat.fi/til/rki/2009/10/rki_2009_10_2009-11-12_tie_001_en.html