Construction Cost Index for buildings, February 2019
Construction costs rose by 3.6 percent in February on an annual basis
Statistical news from Statistics Sweden 2019-03-15 9.30
The Construction Cost Index for multi-dwelling buildings rose by 0.2 percent between January and February 2019. On an annual basis, construction costs rose by 3.6 percent.
Developments between January and February 2019
The Construction Cost Index for multi-dwelling buildings rose by 0.2 percent between January and February 2019. In the corresponding period in 2018, the Index increased by 0.4 percent. Contractors’ costs, which account for more than 82 percent of the Construction Cost Index, also increased by 0.2 percent between January and February 2019.
Building material costs increased by 0.1 percent. In the group ‘building materials’, costs increased or remained unchanged for all building materials except the cost of other building materials, white goods and reinforcement steel, which decreased. The largest price changes were in the cost of flooring materials, which increased by 1.0 percent, and the cost of other building materials, which decreased by 0.7 percent.
Machinery costs increased by 1.0 percent. Costs in the group ‘transport, fuel and electricity’ rose by 0.9 percent. This was mainly due to an increase in the cost of diesel oil by 3.1 percent. Contractors’ other costs rose by 0.4 percent, while, wages and salaries remained unchanged.
Over the past month, investor costs, which consist of interest and credit costs, costs for plans and central administration costs, increased by 0.2 percent.
Developments between February 2018 and February 2019
The Construction Cost Index for multi-dwelling buildings increased by 3.6 percent between February 2018 and February 2019. Contractors’ costs rose by 3.2 percent. These increased contractors’ costs led to an increase of 2.7 percentage points for the total index in the same period.
The group ‘transport, fuel and electricity’ increased the most, by 7.6 percent, among contractors’ costs. Within that group, the cost of electricity, diesel oil and transport increased by 20.6 percent in total, by 9.2 percent and 3.9 percent respectively.
Building material costs increased by 4.0 percent. Material for painting and wood products accounted for the largest price increase in the building materials group, 11.4 percent and 8.8 percent respectively. Costs in other building material groups also rose, but not to the same extent. Contractors’ other costs, machinery costs, wages, and salaries rose by between 1.9 percent and 2.5 percent.
Investor costs increased by 5.5 percent on an annual basis. This increase was mainly due to higher interest expenses.
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 of each production factor.
Goods |
Change in percent |
||
---|---|---|---|
February 2019– January 2019 |
February 2019– February 2018 |
||
Material for painting |
0.0 | +11.4 | |
Wood products |
+0.2 | +8.8 | |
Iron and steel* |
+0.2 | +5.2 | |
Reinforcement steel |
-0.3 | +5.1 | |
White goods |
-0.2 | +4.3 | |
Other building materials** |
-0.7 | +4.1 | |
Plumbing material |
+0.0 | +3.8 | |
Woodwork |
+0.1 | +3.7 | |
Concrete products |
+0.4 | +3.4 | |
Electric material |
+0.0 | +2.9 | |
Floor material |
+1.0 | +1.6 | |
Total building materials |
+0.1 | +4.0 |
* Includes reinforcement steel. ** Includes materials for thermal insulation, garbage equipment, gypsum and wood-based boards.
Construction Cost Index for multi-dwelling buildings, excl. wage drift and value-added tax
The width of the bars represents the construction material group’s weight share in percent of all construction material 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.
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2019-04-15 at 9:30.
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