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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

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. February 2010. Helsinki: Statistics Finland [referred: 28.3.2024].
Access method: http://www.stat.fi/til/rki/2010/02/rki_2010_02_2010-03-12_tie_001_en.html