On construction cost changes in April 2009

10.06.2009

Compared to March construction costs in April of this year reduced on average by 0.3%, according to the data of Central Statistical Bureau. Most rapid reduction of construction costs was recorded in the construction of underground main pipelines – 1.5%, as well as in the reconstruction and construction of industrial, agricultural and trade buildings – 0.8%. The maintenance and operational costs of machinery and equipment decreased by 1.6% and the prices of building materials - by 1.2%. But due to the seasonal influence labour remuneration of workers grew by 2.8%.

Compared to April 2008, construction costs in April 2009 on average decreased by 8.4%. Most rapid reduction was observed in the construction of hotels and family houses (12.1 and 11.7%, respectively), in the reconstruction and construction of industrial, agricultural and trade buildings (10.6%), as well as in the renovation and construction of education, healthcare and sports buildings – 9.7%. Most rapid decrease (18.2%) among the main resource groups was observed in the labour remuneration of workers. Prices of building materials reduced by 6.1%, but maintenance and operational costs of machinery and equipment grew by 2.5%. Growth of these costs was characteristic in road building enterprises.

 

Prepared by Producer Price Indices Section
Jeļena Kovaļova
tel. 67366798