Compared to March, construction costs in April 2011 grew on average by 0.6%, according to the data of Central Statistical Bureau. Labour remuneration of workers increased by 3.2%, but the maintenance and operational costs of machinery and equipment rose by 1.0%. Prices of building materials diminished by 0.5%.
Growth of construction costs in the renovation and construction of education, healthcare and sports buildings as well as in the construction of transport facilities had the greatest impact on the overall level of construction costs.
In comparison with April of the previous year, overall level of construction costs rose by 0.3%. The growth of 6.3% was observed in the maintenance and operational costs of machinery and equipment. In its turn, labour remuneration of workers decreased by 5.4%, but prices of building materials reduced by 0.1%.
During the year the overall level of construction costs was mainly influenced by the cost growth in the construction of transport facilities as well as in the construction of underground main pipelines.
|Changes of construction costs by main resource groups compared to corresponding month of previous year|
In 2011 the price data on construction resources are obtained from more than 150 construction enterprises and 30 trade enterprises. Construction enterprises provide price data for all resources, while trade enterprises indicate only the prices of building materials. The sample includes construction enterprises with the highest value of own account construction works. The criterion for the sample of trade enterprises is their turnover and specialisation.
More detailed information is available in the CSB data base. Press release on changes of construction costs in May 2011 will be published on 30 June 2011.
Prepared by Producer Price Indices Section
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