On construction cost changes in May 2009
Compared to April, construction costs in May of this year reduced on average by 1.1%, according to the data of Central Statistical Bureau. Most rapid reduction of construction costs was recorded in the construction of underground main pipelines, as well as in the reconstruction and construction of industrial, agricultural and trade buildings – by 2.1%. Prices of building materials diminished by 1.4%, maintenance and operational costs of machinery and equipment reduced by 0.9%, and labour remuneration of workers decreased by 0.5%.
Compared to May 2008, construction costs in May 2009 on average decreased by 10.6%. Mot rapid reduction was observed in the construction of family houses and in the renovation and construction of industrial, agricultural and trade buildings (by 13.2% and 13.1%, respectively), in the construction of hotels – by 13.0%, as well as in the renovation and construction of education, healthcare and sports buildings – by 12.1%. Among main resource groups labour remuneration of workers reduced - by 20.4%, as well as did prices of building materials - by 7.7%.
Prepared by Producer Price Indices Section