Published: 12 April 2010
Building costs fell by 0.5 per cent in March
Building costs were 0.5 per cent lower in March 2010 than in March 2009. Labour costs in construction fell by 0.3 per cent and those of other inputs by 2.5 per cent in the year. By contrast, prices of materials rose by 0.1 per cent. This is indicated by the Building Cost Index of Statistics Finland.
From February to March, the total index of building costs rose by 0.2 per cent. The prices for labour and those of other inputs were the same than in February. By contrast, the prices of materials rose by 0.4 per cent from February.
Building Cost Index (2005 = 100) and its year-on-year and month-on-month changes
Index | March 2010 |
Change % 3/2009 - 3/2010 |
Change % 2/2010 - 3/2010 |
|
Building trade newbuilding | ||||
Total index | 113.2 | -0.5 | 0.2 | |
Labour | 114.5 | -0.3 | 0.0 | |
Materials | 114.2 | 0.1 | 0.4 | |
Other inputs | 107.7 | -2.5 | 0.0 | |
By type of building | ||||
Newbuilding | ||||
Blocks of flats | 113.9 | 0.0 | 0.3 | |
Detached residential houses | 112.9 | -0.8 | 0.1 | |
Office and commercial buildings | 113.1 | -0.1 | 0.2 | |
Industrial and warehouse buildings | 113.3 | -0.9 | 0.2 | |
Agricultural production buildings | 115.5 | -0.3 | 0.5 |
Source: Building cost index 2010, March. 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 12.4.2010
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. March 2010. Helsinki: Statistics Finland [referred: 23.12.2024].
Access method: http://www.stat.fi/til/rki/2010/03/rki_2010_03_2010-04-12_tie_001_en.html