Construction costs in November grew by 0.2%

30.12.2014

Latest data of the Central Statistical Bureau (CSB) show that compared to October, construction costs in Latvia in November 2014 increased by 0.2%. Level of labour remuneration of workers grew by 0.3%, prices of building materials – by 0.2%, maintenance and operational costs of machinery and equipment – by 0.1%.

Compared to November 2013, the average level of construction costs increased by 0.4%. Labour remuneration of workers increased by 3.2%, maintenance and operational costs of machinery and equipment - by 0.6%, while prices of building materials declined by 0.5%.

Construction cost indices
(2010=100)

In 2014 data on prices of construction resources are provided by about 180 construction enterprises and 30 trade enterprises. Construction cost index calculations are based on the prices of building materials submitted by the enterprises for the calculation of producer price indices in industry and import price indices.

The sample includes construction enterprises with the highest value of own account construction works in 2013. The share of enterprises with the value of own account construction work exceeding EUR 1.4 million per year comprised 64%, in 20% of which the value of own account construction work exceeded EUR 7 million per year. The criterion for the sample of trade enterprises is their turnover and specialisation.

More information on construction costs is available in the Producer prices. Press release on changes of construction costs in December 2014 will be published on 28 January.

 

More information:
Producer Price Indices Section
Jeļena Kovaļova
Tel. +371 67366884