Home > Statistics > Building cost index > 2020 > February > Building costs rose by 0.2 per cent in February year-on-year

Published: 13 March 2020

Building costs rose by 0.2 per cent in February year-on-year

According to Statistics Finland, building costs rose by 0.2 per cent in February 2020 from one year back. Labour costs rose by 1.6 per cent and the prices of services by 1.3 per cent compared with February of the previous year. The prices of materials fell by 1.1 per cent from one year ago.

Long term development of the Building Cost Index

From January to February, the total index of building costs fell by 0.3 per cent. The prices of materials went down by 0.5 per cent and labour costs by 0.1 per cent. The prices of services remained unchanged in February from the previous month.

Building cost index 2015=100, February 2020

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	104.1	-0.3	0.2
By type of cost	Labour inputs	400	104.1	-0.1	1.6
	Materials	510	104.3	-0.5	-1.1
	Services	90	103.9	0.0	1.3
By purpose of use	Residential building	440	104.2	-0.3	-0.0
	Other building construction	560	104.1	-0.3	0.3

Source: Building cost index, Statistics Finland

Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458, info@stat.fi

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Input indices 2015=100, February 2020 (13.3.2020)
• Appendix table 2. Residential building 2015=100, February 2020 (13.3.2020)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (13.3.2020)
• Appendix figure 2. Index clause sub-indices P 2000=100 (13.3.2020)

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Updated 13.03.2020