Home > Statistics > Building cost index > 2016 > May > Building costs rose by 0.6 per cent year-on-year in May

Published: 15 June 2016

Building costs rose by 0.6 per cent year-on-year in May

According to Statistics Finland, building costs rose by 0.6 per cent in May 2016 compared with the previous year's May. The prices of labour inputs in construction went up by 1.6 per cent and the prices of services by 0.2 per cent. The prices of materials fell by 0.1 per cent from one year ago.

Long term development of the Building Cost Index

From April to May, the total index of building costs rose by 0.1 per cent. The prices of labour inputs went up by 0.2 per cent and the prices of materials by 0.1 per cent. The prices of services remained unchanged.

Building cost index 2015=100, May 2016

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	100,4	0,1	0,6
By type of cost	Labour inputs	400	101,1	0,2	1,6
	Materials	510	99,9	0,1	-0,1
	Services	90	100,0	-0,0	0,2
By purpose of use	Residential building	440	100,4	0,1	0,6
	Other building construction	560	100,4	0,2	0,6

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, May 2016 (15.6.2016)
• Appendix table 2. Residential building 2015=100, May 2016 (15.6.2016)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (15.6.2016)
• Appendix figure 2. Index clause sub-indices P 2000=100 (15.6.2016)

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Updated 15.06.2016