In February construction costs increased by 0.1 %

29.03.2016

Compared to January 2016, in February 2016 level of construction costs in Latvia grew by 0.1 %. Maintenance and operational costs of machinery and equipment went up by 0.2 %, prices of building materials – by 0.1 %, whereas labour remuneration of workers went down by 0.1 %.

Compared to February 2015, construction costs decreased by 1.2 %. Prices of building materials dropped by 4.6 %, while labour remuneration of workers increased by 5.7 %, and maintenance and operational costs of machinery and equipment – by 0.6 %.

Construction cost indices
(2010=100)

Data source: Central Statistical Bureau, RCG.06. Construction cost indices by kind of resource

In 2016, 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 imports price indices.

The sample includes construction enterprises with the highest value of own account construction works in 2015. The share of enterprises with the value of own account construction work exceeding EUR 1 million per year accounted for 74 %, in 33 % of which the value of own account construction work exceeded EUR 5 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 CSB database section Producer Prices. Data on changes of construction costs in March 2016 will be published on 27 April.

 

Media requests:
Beate Danusēviča, Kristīne Romanovska
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Tel.: + 371 67366924, + 371 67366621, + 371 27880666
www.twitter.com/CSB_Latvia
www.facebook.com/csplatvija

 

More information on data:
Anita Merca
Producer Price Indices Section
E-mail: Anita [dot] Merca [at] csb [dot] gov [dot] lv
Tel.: + 371 67366813