Construction Cost Index for buildings, January 2019
Construction costs rose by 3.7 percent in January on an annual basis
Statistical news from Statistics Sweden 2019-02-15 9.30
The Construction Cost Index for multi-dwelling buildings rose by 0.7 percent between December 2018 and January 2019. On an annual basis, construction costs rose by 3.7 percent.
Developments between December 2018 and January 2019
The Construction Cost Index for multi-dwelling buildings rose by 0.7 percent between December 2018 and January 2019. In the corresponding period in 2018, the Index increased by 0.5 percent. Contractors’ costs, which account for more than 82 percent of the Construction Cost Index, increased by 0.3 percent between December 2018 and January 2019.
Building material costs increased by 0.5 percent. In the group ‘building materials’, the costs increased for all building materials except the cost of woodwork, which decreased by 0.2 percent and the cost of reinforcement steel, which remained unchanged.
Costs in the group ‘transport, fuel and electricity’ increased by 1.3 percent. This was due to an increase in the cost of electricity by 7.2 percent. Contractors’ other costs fell by 0.1 percent, while machinery costs, wages and salaries remained unchanged.
Over the past month, investor costs increased by 3.0 percent. This increase was due to higher interest expenses.
Developments between January 2018 and January 2019
The Construction Cost Index for multi-dwelling buildings increased by 3.7 percent between January 2018 and January 2019. Contractors’ costs rose by 3.2 percent. These increased contractors’ costs led to an increase of 2.6 percentage points for the total index in the same period.
The group ‘transport, fuel and electricity’ increased most, by 6.5 percent, among contractors’ costs. Within that group, the cost of electricity, diesel oil and transport increased by 19.6 percent, 4.9 percent and 3.1 percent respectively.
Building material costs increased by 3.9 percent. Material for painting and wood products accounted for the largest price increase in the building materials group, 11.4 percent and 8.4 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 between 1.6 percent and 3.2 percent.
Investor costs increased by 6.4 percent on an annual basis. This increase was mainly due to higher interest expenses.
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 of each production factor.
Goods |
Change in percent |
||
|---|---|---|---|
| January 2019– December 2018 |
January 2019– January 2018 |
||
Material for painting |
+1.2 | +11.4 | |
Wood products |
+1.2 | +8.4 | |
Reinforcement steel |
0.0 | +5.5 | |
Other building materials** |
+0.8 | +5.4 | |
Iron and steel* |
+0.1 | +5.0 | |
White goods |
+2.2 | +4.4 | |
Woodwork |
-0.2 | +3.7 | |
Electric material |
+0.5 | +3.1 | |
Concrete products |
+0.8 | +3.0 | |
Plumbing material |
+0.3 | +2.9 | |
Floor material |
+0.1 | +1.6 | |
Total building materials |
+0.5 | +3.9 | |
* 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.
Next publishing will be
2019-03-15 at 9:30.
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