Home > Statistics > Building cost index > 2017 > June > Building costs rose by 0.1 per cent in June year-on-year

Published: 14 July 2017

Building costs rose by 0.1 per cent in June year-on-year

According to Statistics Finland, building costs rose by 0.1 per cent in June 2017 compared with the previous year's June. The prices of materials went up by one per cent and those of services by 0.3 per cent from June 2016. Simultaneously, prices of labour inputs in construction fell by 1.1 per cent. 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 May to June, the total index of building costs remained on the same level as in the previous month. The prices of materials and services rose by 0.2 per cent from the previous month. The prices of labour inputs fell by 0.2 per cent.

Building cost index 2015=100, June 2017

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	100,6	0,0	0,1
By type of cost	Labour inputs	400	99,9	-0,2	-1,1
	Materials	510	101,2	0,2	1,0
	Services	90	100,3	0,2	0,3
By purpose of use	Residential building	440	100,6	0,1	0,1
	Other building construction	560	100,6	0,0	0,0

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, June 2017 (14.7.2017)
• Appendix table 2. Residential building 2015=100, June 2017 (14.7.2017)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (14.7.2017)
• Appendix figure 2. Index clause sub-indices P 2000=100 (14.7.2017)

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Updated 14.07.2017