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Published: 15 April 2016

Building costs decreased slightly in March year-on-year

According to Statistics Finland, building costs decreased by 0.1 per cent in March 2016 from one year ago. The prices of labour inputs in construction increased by 1.1 per cent. The prices of materials went down by 0.7 per cent and the prices of services by 2.1 per cent year-on-year.

Long term development of the Building Cost Index

In March, the total index of building costs remained on the same level as in February. The prices of labour inputs went up by 0.3 per cent and the prices of materials went down by 0.2 per cent. The prices of services grew by 0.1 per cent from the previous month.

Building cost index 2015=100, March 2016

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	100,1	0,0	-0,1
By type of cost	Labour inputs	400	101,3	0,3	1,1
	Materials	510	99,5	-0,2	-0,7
	Services	90	98,5	0,1	-2,1
By purpose of use	Residential building	440	100,1	0,0	-0,1
	Other building construction	560	100,1	0,0	-0,1

Source: Building cost index. Statistics Finland

Inquiries: Jose Lahtinen 029 551 3776, Merja Järvinen 029 551 2458, rakennus.indeksit@stat.fi

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Input indices 2015=100, March 2016 (15.4.2016)
• Appendix table 2. Residential building 2015=100 , March 2016 (15.4.2016)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (15.4.2016)
• Appendix figure 2. Index clause sub-indices P 2000=100 (15.4.2016)

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Updated 15.04.2016