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Published: 11 June 2010

Building costs rose by 0.6 per cent in May

Building costs were 0.6 per cent higher in May 2010 than in May 2009. Labour costs in construction were the same than in May 2009. Prices of materials rose by 1.7 per cent in the year. Those of other inputs fell by 2.2 per cent. This is indicated by the Building Cost Index of Statistics Finland.

From April to May, the total index of building costs rose by 0.2 per cent. The prices of materials rose by 0.7 per cent. The prices for labour were 0.5 per cent lower than in May and those of other inputs 0.3 per cent lower.

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

Index	May 2010	Change % 5/2009 - 5/2010	Change % 4/2010 - 5/2010
Building trade newbuilding
Total index	113.7	0.6	0.2
Labour	113.5	0.0	-0.5
Materials	115.7	1.7	0.7
Other inputs	107.6	-2.2	-0.3
By type of building
Newbuilding
Blocks of flats	114.8	1.5	0.4
Detached residential houses	113.5	0.4	0.3
Office and commercial buildings	113.4	0.6	0.1
Industrial and warehouse buildings	113.7	0.1	0.0
Agricultural production buildings	117.1	1.6	0.4

Source: Building cost index 2010, 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 11.6.2010