Home > Statistics > Building cost index > 2009 > May > Building costs fell by 1.2 per cent in May

Published: 12 June 2009

Building costs fell by 1.2 per cent in May

Building costs were 1.2 per cent lower in May 2009 than in May 2008. Labour costs in construction rose by 3.1 per cent in the year. By contrast, prices of materials fell by 2.4 per cent and those of other inputs by 5.3 per cent. This is indicated by the Building Cost Index of Statistics Finland.

From April to May, the total index of building costs fell by 0.2 per cent. The prices for labour fell by 0.3 procent, the prices of materials by 0.1 procent and those of other inputs 0.3 procent.

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

Index	May 2009	Change % 5/2008 - 5/2009	Change % 4/2009 - 5/2009
Building trade newbuilding
Total index	113.1	-1.2	-0.2
Labour	113.5	3.1	-0.3
Materials	113.8	-2.4	-0.1
Other inputs	110.1	-5.3	-0.3
By type of building
Newbuilding
Blocks of flats	113.0	-1.4	-0.5
Detached residential houses	113.0	-1.6	-0.6
Office and commercial buildings	112.7	-0.9	0.1
Industrial and warehouse buildings	113.6	-0.7	-0.2
Agricultural production buildings	115.2	-4.9	-0.3

Source: Building cost index 2009, May. 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 12.6.2009