Home > Statistics > Building cost index > 2020 > May > Corrected release 05/2020: Building costs fell by 0.5 per cent in May year-on-year

Published: 2 December 2020

Corrected release 05/2020: Building costs fell by 0.5 per cent in May year-on-year

Data of the building cost index has been corrected from May 2020 to October 2020. Further information in this newsletter .

According to Statistics Finland, building costs fell by 0.5 per cent in May 2020 compared with the previous year's May. The prices of services rose by 0.5 per cent compared with May of the previous year. The prices of materials fell by 0.7 per cent and labour costs fell by 0,4 per cent from one year ago.

Long term development of the Building Cost Index

From April to May, the total index of building costs fell by 0.7 per cent. The prices of labour costs fell by 1,8 per cent. The prices of materials and services remained unchanged in May from the previous month.

Building cost index 2015=100, May 2020

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	103.4	-0.7	-0.5
By type of cost	Labour inputs	400	101.9	-1.8	-0.4
	Materials	510	104.7	-0.0	-0.7
	Services	90	103.1	0.0	0.5
By purpose of use	Residential building	440	103.5	-0.6	-0.7
	Other building construction	560	103.4	-0.8	-0.3

Source: Building cost index, Statistics Finland

Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458, info@stat.fi

Head of Department in charge: Hannele Orjala

Publication in pdf-format (299.9 kB)

Tables

Tables in databases

Pick the data you need into tables, view the data as graphs, or download the data for your use.

• Database tables and their variables
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Appendix tables

• Appendix table 1. Input indices 2015=100, May 2020 (2.12.2020)
• Appendix table 2. Residential building 2015=100, May 2020 (2.12.2020)

Figures

• Appendix figure 1. Input indices 2015=100, largest annual changes, per cent (2.12.2020)
• Appendix figure 2. Index clause sub-indices P 2000=100 (2.12.2020)

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Updated 2.12.2020