Building costs fell by 0.4 per cent in January

Building costs were 0.4 per cent lower in January 2010 than in January 2009. Labour costs in construction rose by 3.4 per cent in the year. By contrast, prices of materials fell by 1.6 per cent and those of other inputs by 3.7 per cent. This is indicated by the Building Cost Index of Statistics Finland.

From December to January, the total index of building costs rose by 0.5 per cent. The prices for labour rose by 0.7 per cent, the prices of materials by 0.4 per cent and those of other inputs by 0.2 per cent from December.

Building Cost Index (2005 = 100) and its year-on-year and month-on-month changes

Index	January 2010	Change % 1/2009 - 1/2010	Change % 12/2009 - 1/2010
Building trade newbuilding
Total index	113.1	-0.4	0.5
Labour	114.5	3.4	0.7
Materials	113.7	-1.6	0.4
Other inputs	107.9	-3.7	0.2

By type of building
Newbuilding
Blocks of flats	113.5	0.0	0.4
Detached residential houses	112.8	-0.2	0.4
Office and commercial buildings	112.9	-0.1	0.6
Industrial and warehouse buildings	113.2	-1.0	0.5
Agricultural production buildings	114.7	-1.6	0.0

Source: Building cost index 2010, January. Statistics Finland

Inquiries: Ms Sinikka Kanerva +358 9 1734 2231, rakennus.suhdanne@stat.fi

Director in charge: Ms Hannele Orjala

Last updated 12.2.2010

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. January 2010. Helsinki: Statistics Finland [referred: 14.2.2012].
Access method: http://www.tilastokeskus.fi/til/rki/2010/01/rki_2010_01_2010-02-12_tie_001_en.html.

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