Construction Cost Index for buildings, November 2017:
Construction costs increased by 2.6 percent on an annual basis
Statistical news from Statistics Sweden 2017-12-15 9.30
Construction cost index for multi-dwelling buildings rose by 0.1 percent between October and November 2017. The Construction cost index increased by 2.6 percent on an annual basis.
The development in the last month
The Construction cost index rose by 0.1 percent between October and November 2017. During the corresponding period of 2016, the Construction cost index rose with 0.2 percent. The contractor's costs, which weigh more than 82 percent of the Construction cost index, increased by 0.2 percent between October and November 2017.
Among the contractor's costs the transport, fuel and electricity group increased. Building materials and machinery also increased. Expenses, wages and salaries remained unchanged.
In the group of building materials, the price development of reinforcement steel continued to rice most of all materials. Also iron and steel, plumbing material, other material, concrete, floor material and white goods rose between October and November. The other material varieties remained having unchanged prices.
Investor costs decreased by 0.4 percent between October and November 2017. This is due to decreased interest expenses.
The development in the past year
The Construction cost index rose by 2.6 percent and the contractor's costs, increased by 2.5 percent between November 2016 and November 2017. The contractor's costs made the effect on the total index increase by 2.1 percentage points during the same period.
The transport, fuel and electricity group increased most of the contractor's costs, but also the machines, building materials, overheads and wages groups rose.
Building material costs rose by 2.8 percent. The largest price increases in the building material group was reinforcement steel and iron and steel, which increased by 9.6 percent and 6.2 percent, respectively. The cost of other building material groups also increased.
Investor costs rose by 3.2 percent between October 2016 and October 2017.
Construction Cost Index for multi-dwelling buildings, excl. wage drift and value-added tax
The width of the bars represents the production factor’s weight share in percent in the calculation of the Construction cost index for multi-dwelling buildings. The height of the bars represents the average price development for each product category.
| Goods | Change in percent | ||
|---|---|---|---|
| November 2016– November 2015 | November 2017– November 2016 | ||
|
Reinforcement steel
|
+18.2 | +9.6 | |
|
Iron and steel
|
+9.2 | +6.2 | |
|
Concrete products
|
+2.8 | +3.3 | |
|
Timber
|
+2.9 | +3.1 | |
|
VVS.material
|
+1.9 | +2.9 | |
|
Other building materials
|
+2.0 | +2.3 | |
|
Electric material
|
+1.5 | +2.0 | |
|
White goods
|
+1.3 | +1.5 | |
|
Material for painting
|
+0.5 | +1.0 | |
|
Woodwork
|
+4.4 | +0.8 | |
|
Floor material
|
+1.5 | +0.5 | |
|
Total building materials
|
+3.2 | +2.8 | |
Construction Cost Index for multi-dwellings buildings, excl. VAT.
The width of the bars represents the production factor’s weight share in percent in the calculation of the Construction cost index for multi-dwelling buildings. The height of the bars represents the average price development for each product category.
Next publishing will be
2018-01-15 at 9:30.
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.