Home > Statistics > Building cost index > 2009 > March > Total index of building costs on level with the year before

Published: 9 April 2009

Total index of building costs on level with the year before

In March 2009 building costs were on level with March 2008. Labour costs in construction went up by 4.6 per cent. Prices of materials went down by 1.5 per cent and those of other inputs went down by 4.0 per cent year-on-year. This is indicated by the building cost index of Statistics Finland.

From February to March the total index of building costs went up by 0.4 per cent. The prices for labour rose by 3.0 procent. The prices of materials went down by 0.7 procent and the prices of those for other inputs by 1.1 per cent.

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

Index	March 2009	Change % 3/2008 - 3/2009	Change % 2/2009 - 3/2009
Building trade newbuilding
Total index	113.8	0.0	0.4
Labour	114.9	4.6	3.0
Materials	114.1	-1.5	-0.7
Other inputs	110.4	-4.0	-1.1
By type of building
Newbuilding
Blocks of flats	114.0	-0.5	0.6
Detached residential houses	113.8	-0.6	0.9
Office and commercial buildings	113.2	0.2	0.3
Industrial and warehouse buildings	114.3	0.8	0.2
Agricultural production buildings	115.8	-4.6	0.2

Source: Building cost index 2009, March. 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 9.4.2009