Building costs fell by 0.2 per cent in February

Building costs were 0.2 per cent lower in February 2010 than in February 2009. Labour costs in construction rose by 2.7 per cent in the year. By contrast, prices of materials fell by 1.0 per cent and those of other inputs by 3.5 per cent. This is indicated by the Building Cost Index of Statistics Finland.

From January to February, the total index of building costs were the same. Also the prices for labour and the prices of materials were the same than in January. By contrast, those of other inputs fell by 0.2 per cent from January.

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

Index	February 2010	Change % 2/2009 - 2/2010	Change % 1/2010 - 2/2010
Building trade newbuilding
Total index	113.0	-0.2	0.0
Labour	114.5	2.7	0.0
Materials	113.7	-1.0	0.0
Other inputs	107.7	-3.5	-0.2

By type of building
Newbuilding
Blocks of flats	113.6	0.2	0.1
Detached residential houses	112.8	-0.1	-0.1
Office and commercial buildings	112.9	0.0	0.0
Industrial and warehouse buildings	113.1	-0.9	-0.1
Agricultural production buildings	114.9	-0.6	0.1

Source: Building cost index 2010, February. Statistics Finland

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

Director in charge: Ms Hannele Orjala

Last updated 12.3.2010

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. February 2010. Helsinki: Statistics Finland [referred: 14.2.2012].
Access method: http://www.tilastokeskus.fi/til/rki/2010/02/rki_2010_02_2010-03-12_tie_001_en.html.

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