Home > Statistics > Building cost index > 2020 > October > Corrected release 10/2020: Building costs fell by 0.3 per cent in October year-on-year

Published: 2 December 2020

Corrected release 10/2020: Building costs fell by 0.3 per cent in October 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 0.3 per cent in October 2020 from one year back. Labour costs fell by 1.2 per cent. Prices of materials rose by 0.3 per cent and those of services by 0.1 per cent compared to one year earlier.

Long term development of the Building Cost Index

From September to October, the total index of building costs rose by 0.5 per cent. Labour costs, prices of materials and services rose by 0.5 per cent from the previous month.

Building cost index 2015=100, October 2020

Professional construction of new buildings		Weights	Index	Monthly change, %	Annual change, %
Total index		1000	104.0	0.5	-0.3
By type of cost	Labour inputs	400	102.7	0.5	-1.2
	Materials	510	105.1	0.5	0.3
	Services	90	103.3	0.5	0.1
By purpose of use	Residential building	440	104.0	0.5	-0.5
	Other building construction	560	103.9	0.5	-0.2

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 (297.9 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, October 2020 (2.12.2020)
• Appendix table 2. Residential building 2015=100, October 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