Home > Statistics > Building cost index > 2009 > June > Building costs fell by 1.7 per cent in June

Published: 10 July 2009

Building costs fell by 1.7 per cent in June

Building costs were 1.7 per cent lower in June 2009 than in June 2008. Labour costs in construction rose by 2.7 per cent in the year. By contrast, prices of materials fell by 2.9 per cent and those of other inputs by 6.0 per cent. This is indicated by the Building Cost Index of Statistics Finland.

From May to June, the total index of building costs fell by 0.2 per cent. The prices for labour remained unchanged from May, the prices of materials fell by 0.3 procent. Those of other inputs also remained unchanged from May.

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

Index	June 2009	Change % 6/2008 - 6/2009	Change % 5/2009 - 6/2009
Building trade newbuilding
Total index	112.9	-1.7	-0.2
Labour	113.4	2.7	0.0
Materials	113.4	-2.9	-0.3
Other inputs	110.0	-6.0	0.0
By type of building
Newbuilding
Blocks of flats	113.0	-1.7	0.0
Detached residential houses	112.8	-0.7	-0.2
Office and commercial buildings	112.6	-1.5	-0.1
Industrial and warehouse buildings	113.0	-1.7	-0.5
Agricultural production buildings	114.9	-4.7	-0.3

Source: Building cost index 2009, June. 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 10.7.2009