Home > Statistics > Building cost index > 2009 > November > Building costs fell by 1.8 per cent in November

Published: 11 December 2009

Building costs fell by 1.8 per cent in November

Building costs were 1.8 per cent lower in November 2009 than in November 2008. Labour costs in construction rose by 2.2 per cent in the year. By contrast, prices of materials fell by 2.5 per cent and those of other inputs by 7.2 per cent. This is indicated by the Building Cost Index of Statistics Finland.

From October to November, the total index of building costs fell by 0.1 procent. The prices for labour remained unchanged. By contrast the prices of materials fell by 0.1 procent and those of other inputs by 0.6 per cent from October.

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

Index	November 2009	Change % 11/2008 - 11/2009	Change % 10/2009 - 11/2009
Building trade newbuilding
Total index	112.5	-1.8	-0.1
Labour	113.8	2.2	0.0
Materials	113.2	-2.5	-0.1
Other inputs	107.8	-7.2	-0.6
By type of building
Newbuilding
Blocks of flats	113.0	-1.4	0.0
Detached residential houses	112.4	-1.6	-0.1
Office and commercial buildings	112.2	-1.7	-0.1
Industrial and warehouse buildings	112.6	-2.2	-0.2
Agricultural production buildings	114.9	-2.8	-0.1

Source: Building cost index 2009, November. 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 11.12.2009