Published: 12 March 2010
Building costs fell by 0.2 per cent in February
Building costs were 0.2 per cent lower in February 2010 than in February 2009. Labour costs in construction rose by 2.7 per cent in the year. By contrast, prices of materials fell by 1.0 per cent and those of other inputs by 3.5 per cent. This is indicated by the Building Cost Index of Statistics Finland.
From January to February, the total index of building costs were the same. Also the prices for labour and the prices of materials were the same than in January. By contrast, those of other inputs fell by 0.2 per cent from January.
Building Cost Index (2005 = 100) and its year-on-year and month-on-month changes
Index | February 2010 |
Change % 2/2009 - 2/2010 |
Change % 1/2010 - 2/2010 |
|
Building trade newbuilding | ||||
Total index | 113.0 | -0.2 | 0.0 | |
Labour | 114.5 | 2.7 | 0.0 | |
Materials | 113.7 | -1.0 | 0.0 | |
Other inputs | 107.7 | -3.5 | -0.2 | |
By type of building | ||||
Newbuilding | ||||
Blocks of flats | 113.6 | 0.2 | 0.1 | |
Detached residential houses | 112.8 | -0.1 | -0.1 | |
Office and commercial buildings | 112.9 | 0.0 | 0.0 | |
Industrial and warehouse buildings | 113.1 | -0.9 | -0.1 | |
Agricultural production buildings | 114.9 | -0.6 | 0.1 |
Source: Building cost index 2010, February. 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 12.3.2010
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. February 2010. Helsinki: Statistics Finland [referred: 23.12.2024].
Access method: http://www.stat.fi/til/rki/2010/02/rki_2010_02_2010-03-12_tie_001_en.html