Construction Cost Index for buildings, October 2020
Construction costs rose by 0.7 percent in October on an annual basis
Statistical news from Statistics Sweden 2020-11-16 9.30
The Construction Cost Index for multi-dwelling buildings rose by 0.2 percent between September and October 2020. The annual rate of change in construction costs was 0.7 percent in October.
| Index | Development, in percent | |||
|---|---|---|---|---|
| October | September–
October |
October 2019–
October 2020 |
||
| Contractors’ costs (82 %) | 112.5 | 0.2 | 0.0 | |
| Investor costs (18 %) | 113.3 | 0.2 | 3.9 | |
| Total Construction cost index (100 %) | 112.6 | 0.2 | 0.7 | |
Changes in the last month
The Construction Cost Index for multi-dwelling buildings increased by 0.2 percent in October 2020 compared with September 2020. In the corresponding period in 2019, the Construction Cost Index fell by 0.1 percent compared with the previous month. Contractors’ costs, which account for more than 82 percent of the Construction Cost Index, also increased by 0.2 percent between September and October 2020.
Contractors’ costs in the group ‘transport, fuel and electricity’ rose by 2.0 percent. This was mainly because the cost of electricity rose by 9.4 percent compared with September. Machinery costs, contractors’ other costs and wage costs remained unchanged.
Costs in the group ‘building materials’ rose by 0.3 percent. All costs in building material groups increased or remained unchanged, with the exception of the cost of woodwork and floor material, which decreased. The largest increase was in the cost of wood products.
Over the past month, investor costs, which consist of interest and credit costs, costs for plans, and central administration, increased by 0.2 percent.
Changes in the last year
The Construction Cost Index for multi-dwelling buildings increased by 0.7 percent between October 2019 and October 2020. Prolonged collective agreements still affect the annual rate to a relatively high degree. Wages and salaries account for about 40 percent of the Construction Cost Index.
Investor costs increased by 3.9 percent between October 2019 and October 2020, which led to an increase of 0.7 percentage points for the total index in the same period. This increase was mainly due to higher interest costs. Contractors’ costs remained unchanged.
Contractors’ costs in the group ‘transport, fuel and electricity’ decreased by 3.8 percent between October 2019 and October 2020. Costs of machinery decreased by 0.5 percent, while contractors’ other costs and costs for wages and salaries remained unchanged. In early 2020, collective agreements were prolonged and most of them will expire in November and December.
Contractors’ costs of building materials increased by 0.6 percent in October on an annual basis. Material for painting, electric material and white goods and accounted for the largest price increase in the building materials group, while the cost of woodwork fell most.
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 | ||
|---|---|---|---|
| September 2020– October 2020 |
October 2019– October 2020 |
||
| Material for painting | 0.0 | +3.0 | |
| Electric material | +0.8 | +2.7 | |
| White goods | ‑0.0 | +2.6 | |
| Plumbing material | +0.1 | +1.7 | |
| Wood products | +2.6 | +1.6 | |
| Floor material | ‑0.1 | +1.6 | |
| Concrete products | +0.2 | +1.0 | |
| Iron and steel* | +0.6 | +0.7 | |
| Reinforcement steel | +0.5 | ‑0.2 | |
| Other building materials** | ‑0.0 | ‑0.8 | |
| Woodwork | ‑0.4 | ‑4.3 | |
| Total building materials | +0.3 | +0.6 | |
* 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.
Next publishing will be
2020-12-15 at 9:30.
Statistical Database
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