Home > Statistics > Building cost index > 2020 > July > Corrected release 07/2020: Building costs fell by 0.4 per cent in July year-on-year

Published: 2 December 2020

Corrected release 07/2020: Building costs fell by 0.4 per cent in July 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 0.4 per cent in July2020 compared with the previous year's July. Labour costs fell by 1,4 per cent from one year ago. The prices of services rose by 0.4 per cent and the prices of materials rose by 0,2 per cent compared with July of the previous year.

Long term development of the Building Cost Index

From June to July, the total index of building costs remained on level with the previous month. Labour costs and the prices of materials remained on level with the previous month, but the prices of services fell by 0.3 per cent.

Building cost index 2015=100, July 2020

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	103.7	0.0	-0.4
By type of cost	Labour inputs	400	101.9	0.0	-1.4
	Materials	510	105.2	0.0	0.2
	Services	90	102.8	-0.3	0.4
By purpose of use	Residential building	440	103.7	0.0	-0.5
	Other building construction	560	103.6	0.0	-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 (300.0 kB)

Tables

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• Database tables and their variables
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Appendix tables

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