Construction Cost Index for buildings, February 2020
Construction costs rose by 2.5 percent in February on an annual basis
Statistical news from Statistics Sweden 2020-03-16 9.30
The Construction Cost Index for multi-dwelling buildings decreased by 0.2 percent between January and February 2020. On an annual basis, construction costs rose by 2.5 percent in February.
Developments between January and February 2020
The Construction Cost Index for multi-dwelling buildings decreased by 0.2 percent between January and February 2020. In the corresponding period in 2018, the Index increased by 0.2 percent. Contractors’ costs, which account for more than 82 percent of the Construction Cost Index, decreased by 0.1 percent between January and February 2020.
Contractors’ costs in the group ‘building materials’ remained unchanged. In the group ‘building materials’, the cost of floor material rose most, by 1.1 percent. The cost of plumbing material rose by 0.5 percent. The cost of iron and steel including reinforcement steel, white goods and other building materials also rose. All costs in other building material groups decreased or remained unchanged. The cost of electric materials fell most, by 0.5 percent.
Contractors’ costs in the group ‘transport, fuel and electricity’ decreased by 0.8 percent. This was mostly due to a decrease of 3.0 percent in the cost of diesel oil compared with January. Contractors’ other costs fell by 0.6 percent, while the costs of wages and salaries remained unchanged. Machinery costs increased by 0.2 percent.
Over the past month, investor costs, which consist of interest and credit costs, costs for plans, and central administration decreased by 0.5 percent.
Developments between February 2019 and February 2020
The Construction Cost Index for multi-dwelling buildings increased by 2.5 percent between February 2019 and February 2020. Contractors’ costs rose by 2.0 percent. This increase in contractors’ costs led to an increase of 1.6 percentage points for the total index in the same period.
Among contractors’ costs, building material costs increased by 2.5 percent between February 2019 and February 2020. Iron and steel, including reinforcement steel, accounted for the largest price increases in the building materials group at 6.2 percent. White goods and electric materials increased by 5.4 percent and 4.4 percent, respectively. Costs in other building material groups also rose, with the exception of the cost of wood products and reinforcement steel, which decreased by 4.7 percent and 0.4 percent, respectively.
Contractors’ other costs rose by 2.2 percent. Wages and salaries and machinery costs rose by 2.0 percent and 0.9 percent, respectively. Costs in the group ‘transport, fuel and electricity’ decreased by 0.5 percent. In this group, the cost of electricity fell by 9.6 percent, while the cost of heavy goods transport and diesel oil increased by 2.1 percent and 1.6 percent, respectively.
Investor costs increased by 5.0 percent on an annual basis. This increase was mainly due to an increase of 14.4 percent in 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 2020– January 2020 |
February 2020– February 2019 |
||
Iron and steel* |
+ 0.3 | + 6.2 | |
White goods |
+ 0.3 | + 5.4 | |
Electric material |
-0.5 | + 4.4 | |
Floor material |
+ 1.1 | + 3.5 | |
Other building materials** |
+ 0.2 | + 1.8 | |
Material for painting |
0.0 | + 1.7 | |
Woodwork |
-0.3 | + 1.6 | |
Concrete products |
-0.1 | + 1.5 | |
Plumbing material |
+ 0.5 | + 1.0 | |
Reinforcement steel |
+ 0.0 | -0.4 | |
Wood products |
-0.1 | -4.7 | |
Total building materials |
+ 0.0 | + 2.5 |
* Includes reinforcement steel. ** Includes materials for thermal insulation, garbage equipment, gypsum and wood-based boards.
Construction Cost Index for multi-dwelling buildings, excl. VAT
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 of each product category.
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2020-04-15 at 9:30.
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