Home > Statistics > Building cost index > 2009 > December > Building costs fell by 1.0 per cent in December

Published: 12 January 2010

Building costs fell by 1.0 per cent in December

Building costs were 1.0 per cent lower in December 2009 than in December 2008. Labour costs in construction rose by 2.9 per cent in the year. By contrast, prices of materials fell by 2.0 per cent and those of other inputs by 5.5 per cent. This is indicated by the Building Cost Index of Statistics Finland.

From November to December, the total index of building costs remained unchanged. Also the prices for labour and the prices of materials remained unchanged. By contrast those of other inputs fell by 0.1 per cent from November.

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

Index	December 2009	Change % 12/2008 - 12/2009	Change % 11/2009 - 12/2009
Building trade newbuilding
Total index	112.5	-1.0	0.0
Labour	113.8	2.9	0.0
Materials	113.3	-2.0	0.0
Other inputs	107.7	-5.5	-0.1
By type of building
Newbuilding
Blocks of flats	113.0	-0.8	0.0
Detached residential houses	112.4	-0.7	0.0
Office and commercial buildings	112.3	-0.9	0.1
Industrial and warehouse buildings	112.6	-1.5	-0.1
Agricultural production buildings	114.7	-2.2	-0.2

Source: Building cost index 2009, December. 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 12.1.2010