Home > Statistics > Building cost index > 2009 > February > Growth rate of building costs slowed down in February

Published: 12 March 2009

Growth rate of building costs slowed down in February

Building costs rose by 0.7 per cent from February 2008 to February 2009. Labour costs in construction went up by 4.5 per cent. Prices of materials went down by 0.5 per cent and those of other inputs went down by 2.3 per cent year-on-year. This is indicated by the building cost index of Statistics Finland.

From January to February the total index of building costs went down by 0.2 per cent. The prices for labour rose by 0.7 procent. The prices of materials went down by 0.6 procent and the prices of those for other inputs by 0.3 per cent.

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

Index	February 2009	Change % 2/2008 - 2/2009	Change % 1/2009 - 2/2009
Building trade newbuilding
Total index	113.3	0.7	-0.2
Labour	111.5	4.5	0.7
Materials	114.9	-0.5	-0.6
Other inputs	111.7	-2.3	-0.3
By type of building
Newbuilding
Blocks of flats	113.4	0.2	-0.1
Detached residential houses	112.8	-0.3	-0.2
Office and commercial buildings	112.9	1.0	-0.1
Industrial and warehouse buildings	114.1	1.8	-0.2
Agricultural production buildings	115.5	-3.9	-0.9

Source: Building cost index 2009, February. Statistics Finland

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

Director in charge: Ms Hannele Orjala

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Last updated 12.3.2009