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Published: 15 November 2016

Building costs rose by one per cent in October year-on-year

According to Statistics Finland, building costs rose by one per cent in October 2016 compared with the previous year's October. The prices of labour inputs in construction went up by 1.5 per cent and the prices of materials by one per cent from one year ago. At the same time, the prices of services went down by 0.4 per cent.

Long term development of the Building Cost Index

From September to October, the total index of building costs rose by 0.5 per cent. The prices of labour inputs rose by one per cent from the previous month. The prices of materials went up by 0.1 per cent in a month and the prices of services by 0.4 per cent.

Building cost index 2015=100, October 2016

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	101,2	0,5	1,0
By type of cost	Labour inputs	400	101,9	1,0	1,5
	Materials	510	100,8	0,1	1,0
	Services	90	99,7	0,4	-0,4
By purpose of use	Residential building	440	101,2	0,5	1,1
	Other building construction	560	101,1	0,5	1,0

Source: Building cost index. Statistics Finland

Inquiries: Atro Andersson 029 551 3544, 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, October 2016 (15.11.2016)
• Appendix table 2. Residential building 2015=100, October 2016 (15.11.2016)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (15.11.2016)
• Appendix figure 2. Index clause sub-indices P 2000=100 (15.11.2016)

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Updated 15.11.2016