Home > Statistics > Building cost index > 2009 > July > Building costs fell by 1.9 per cent in July

Published: 12 August 2009

Building costs fell by 1.9 per cent in July

Building costs were 1.9 per cent lower in July 2009 than in July 2008. Labour costs in construction rose by 2.7 per cent in the year. By contrast, prices of materials fell by 3.1 per cent and those of other inputs by 6.7 per cent. This is indicated by the Building Cost Index of Statistics Finland.

From June to July, the total index of building costs remained unchanged. The prices for labour also remained unchanged from June. The prices of materials rose by 0.1 per cent, whereas those of other inputs fell by 0.6 per cent from June.

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

Index	July 2009	Change % 7/2008 - 7/2009	Change % 6/2009 - 7/2009
Building trade newbuilding
Total index	112.8	-1.9	0.0
Labour	113.4	2.7	0.0
Materials	113.5	-3.1	0.1
Other inputs	109.4	-6.7	-0.6
By type of building
Newbuilding
Blocks of flats	113.1	-1.8	0.1
Detached residential houses	112.9	-1.9	0.0
Office and commercial buildings	112.6	-1.7	-0.1
Industrial and warehouse buildings	112.9	-2.1	-0.1
Agricultural production buildings	115.1	-4.6	0.2

Source: Building cost index 2009, July. Statistics Finland

Inquiries: Mr Mika Sirviö +358 9 1734 2709, rakennus.suhdanne@stat.fi

Director in charge: Ms Hannele Orjala

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Last updated 13.8.2009