Published: 11 June 2010
Building costs rose by 0.6 per cent in May
Building costs were 0.6 per cent higher in May 2010 than in May 2009. Labour costs in construction were the same than in May 2009. Prices of materials rose by 1.7 per cent in the year. Those of other inputs fell by 2.2 per cent. This is indicated by the Building Cost Index of Statistics Finland.
From April to May, the total index of building costs rose by 0.2 per cent. The prices of materials rose by 0.7 per cent. The prices for labour were 0.5 per cent lower than in May and those of other inputs 0.3 per cent lower.
Building Cost Index (2005 = 100) and its year-on-year and month-on-month changes
Index | May 2010 |
Change % 5/2009 - 5/2010 |
Change % 4/2010 - 5/2010 |
|
Building trade newbuilding | ||||
Total index | 113.7 | 0.6 | 0.2 | |
Labour | 113.5 | 0.0 | -0.5 | |
Materials | 115.7 | 1.7 | 0.7 | |
Other inputs | 107.6 | -2.2 | -0.3 | |
By type of building | ||||
Newbuilding | ||||
Blocks of flats | 114.8 | 1.5 | 0.4 | |
Detached residential houses | 113.5 | 0.4 | 0.3 | |
Office and commercial buildings | 113.4 | 0.6 | 0.1 | |
Industrial and warehouse buildings | 113.7 | 0.1 | 0.0 | |
Agricultural production buildings | 117.1 | 1.6 | 0.4 |
Source: Building cost index 2010, May. 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 11.6.2010
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. May 2010. Helsinki: Statistics Finland [referred: 23.12.2024].
Access method: http://www.stat.fi/til/rki/2010/05/rki_2010_05_2010-06-11_tie_001_en.html