Published: 15 August 2017
Building costs rose by 0.3 per cent in July year-on-year
According to Statistics Finland, building costs rose by 0.3 per cent in July 2017 compared with the previous year's July. The prices of materials rose by 1.3 per cent and those of services by 0.6 per cent compared with July of the previous year. At the same time, the prices of labour inputs fell by 1.1 per cent. The fall in the prices of labour inputs is explained by lower employer’s social security costs compared with 2016.
Long term development of the Building Cost Index
From June to July, the total index of building costs grew by 0.1 per cent. The prices of materials went up by 0.3 per cent and those of labour inputs remained on level with the previous month. The prices of services fell by 0.3 per cent.
Building cost index 2015=100, July 2017
Professional construction of new buildings | Weights | Index | Monthly change, % | Annual change, % | |
Total index | 1000 | 100.8 | 0.1 | 0.3 | |
By type of cost | Labour inputs | 400 | 100.0 | 0.0 | -1.1 |
Materials | 510 | 101.5 | 0.3 | 1.3 | |
Services | 90 | 99.9 | -0.3 | 0.6 | |
By purpose of use | Residential building | 440 | 100.8 | 0.1 | 0.4 |
Other building construction | 560 | 100.8 | 0.1 | 0.3 |
Source: Building cost index. Statistics Finland
Inquiries: Atro Andersson 029 551 3544, Merja Järvinen 029 551 2458, rakennus.indeksit@stat.fi
Director in charge: Sami Saarikivi
Publication in pdf-format (285.8 kB)
- Tables
-
Tables in databases
Pick the data you need into tables, view the data as graphs, or download the data for your use.
Appendix tables
- Figures
Updated 15.08.2017
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. July 2017. Helsinki: Statistics Finland [referred: 10.11.2024].
Access method: http://www.stat.fi/til/rki/2017/07/rki_2017_07_2017-08-15_tie_001_en.html