Home > Statistics > Building cost index > 2017 > May > Building costs rose by 0.2 per cent in May year-on-year

Published: 15 June 2017

Building costs rose by 0.2 per cent in May year-on-year

According to Statistics Finland, building costs rose by 0.2 per cent in May 2017 compared with the previous year's May. The prices of materials went up by 1.2 per cent and those of services remained on level with the previous year. The prices of labour inputs in construction fell by one per cent compared with May of the previous year. The fall in the prices of labour inputs is explained by lower social security costs compared with 2016.

Long term development of the Building Cost Index

From April to May, the total index of building costs rose by 0.2 per cent. The prices of materials rose by 0.3 per cent from the previous month. The prices of labour inputs and services remained unchanged from the previous month.

Building cost index 2015=100, May 2017

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	100,6	0,2	0,2
By type of cost	Labour inputs	400	100,1	0,0	-1,0
	Materials	510	101,1	0,3	1,2
	Services	90	100,0	0,0	0,0
By purpose of use	Residential building	440	100,6	0,2	0,2
	Other building construction	560	100,6	0,1	0,2

Source: Building cost index. Statistics Finland

Inquiries: Atro Andersson 029 551 3544, Merja Järvinen 029 551 2458, rakennus.indeksit@stat.fi

Director in charge: Sami Saarikivi

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Appendix tables

• Appendix table 1. Input indices 2015=100, May 2017 (15.6.2017)
• Appendix table 2. Residential building 2015=100, May 2017 (15.6.2017)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (15.6.2017)
• Appendix figure 2. Index clause sub-indices P 2000=100 (15.6.2017)

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Updated 15.06.2017