Published: 15 October 2020
Building costs fell by 0.2 per cent in September year-on-year
Errors have been detected in the release. The data has been corrected 2 December 2020 .
According to Statistics Finland, building costs fell by 0.2 per cent in September 2020 compared with the previous year. Labour costs went up by 0.8 per cent and the prices of services by 0.5 per cent. The prices of materials fell by one per cent from one year back.
Long term development of the Building Cost Index
From August to September, the total index of building costs grew by 0.4 per cent. Labour costs went up by 1.1 per cent and the prices of services by 0.4 per cent. The prices of materials went down by 0.2 per cent from the previous month.
Building cost index 2015=100, September 2020
Professional construction of new buildings | Weights | Index | Monthly change, % | Annual change, % | |
Total index | 1000 | 104.3 | 0.4 | -0.2 | |
By type of cost | Labour inputs | 400 | 104.2 | 1.1 | 0.8 |
Materials | 510 | 104.6 | -0.2 | -1.0 | |
Services | 90 | 102.8 | 0.4 | 0.5 | |
By purpose of use | Residential building | 440 | 104.3 | 0.4 | -0.4 |
Other building construction | 560 | 104.2 | 0.4 | 0.0 |
Source: Building cost index, Statistics Finland
Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458, info@stat.fi
Head of Department in charge: Hannele Orjala
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Updated 15.10.2020
Official Statistics of Finland (OSF):
Building cost index [e-publication].
ISSN=1799-5841. September 2020. Helsinki: Statistics Finland [referred: 23.12.2024].
Access method: http://www.stat.fi/til/rki/2020/09/rki_2020_09_2020-10-15_tie_001_en.html