On changes of construction costs in February 2009

09.04.2009

 

Compared to January construction costs in February of this year reduced on average by 3.2%, according to the data of Central Statistical Bureau. Most rapid decrease of construction costs was recorded in the construction of hotels (4.3%) and in the renovation and construction of education, healthcare and sports buildings (4.2%), as well as in the reconstruction and construction of industrial, agricultural and trade buildings (4.1%). Labour remuneration of workers decreased by 8.2%, maintenance and operational costs of machinery and equipment reduced by 1.7%, and prices of building materials diminished by 1.1%.

Compared to February 2008 construction costs in February 2009 on average decreased by 3.7%. The most rapid decrease of construction costs was observed in the construction of hotels and family houses (by 7.9% and 7.5%, respectively), as well as in the renovation and construction of education, healthcare and sports buildings (by 6.1%). Most rapid reduction (by 14.5%) among the main resource groups was observed in the labour remuneration of workers.

Prepared by Producer Price Indices Section 
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