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Construction Cost Index for buildings, May 2019

Construction costs rose by 4.1 percent in May on an annual basis

Statistical news from Statistics Sweden 2019-06-17 9.30

The Construction Cost Index for multi-dwelling buildings rose by 0.6 percent between April and May 2019. On an annual basis, construction costs rose by 4.1 percent.

Developments between April and May 2019

The Construction Cost Index for multi-dwelling buildings rose by 0.6 percent between April and May 2019. In the corresponding period in 2018, the Index increased by 0.7 percent. Contractors’ costs, which account for more than 82 percent of the Construction Cost Index, increased by 0.7 percent, mainly due to increased costs for wages and salaries.

Building material costs increased by 0.2 percent. In the group ‘building materials’, the cost of other building materials rose most, by 1.2 percent. The cost of floor material, iron and steel including reinforcement steel, white goods and concrete rose by between 0.2 percent and 0.4 percent. The cost of wood products, woodwork, plumbing material and electric materials decreased, while the cost of material for painting remained unchanged.

All costs within contractors’ other groups increased. Wages and salaries rose by 1.8 percent. Costs in the group ‘transport, fuel and electricity’ and machinery costs rose by 0.5 percent respectively. Contractors’ other costs increased by 0.3 percent.

Over the past month, investor costs, which consist of interest and credit costs, costs for plans and central administration costs, increased by 0.3 percent.

Developments between May 2018 and May 2019

The Construction Cost Index for multi-dwelling buildings increased by 4.1 percent between May 2018 and May 2019. Contractors’ costs rose by 3.5 percent. This increase in contractors’ costs led to an increase of 2.9 percentage points for the total index in the same period.

The group ‘transport, fuel and electricity’ increased the most, by 5.3 percent, among contractors’ costs. Within that group, the cost of electricity increased by 12.5 percent, while the costs for diesel oil and transport increased by 5.7 percent and 3.4 percent respectively.

Building material costs increased by 4.6 percent. Iron and steel, including reinforcement steel and material for painting, accounted for the largest price increases in the building materials group, 10.8 percent and 8.5 percent respectively. Wood products rose by 7.0 percent, while other building materials increased by 6.4 percent. 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 3.3 percent.

Investor costs increased by 6.7 percent on an annual basis. This increase was mainly due to higher interest expenses.

Developments in various production factors May 2018–May 2019

Construction Cost Index for multi-dwelling buildings, excl. wage drift and value-added tax

Developments in various production factors May 2018–May 2019

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.

Changes by product type, May 2019
GoodsChange in percent
 May 2019–
April 2019
May 2019–
May 2018
Iron and steel*
+0.3 +10.8
Material for painting
0.0 +8.5
Wood products
-0.3 +7.0
Other building materials**
+1.2 +6.4
Reinforcement steel
+0.3 +5.9
White goods
+0.2 +4.3
Concrete products
+0.2 +3.3
Woodwork
-0.1 +3.2
Electric material
-0.1 +3.2
Plumbing material
-0.1 +2.3
Floor material
+0.4 +2.1
Total building materials
+0.2 +4.6

* Includes reinforcement steel. ** Includes materials for thermal insulation, garbage equipment, gypsum and wood-based boards.

Developments in various production factors, May 2018–May 2019

Construction Cost Index for multi-dwelling buildings, excl. wage drift and value-added tax

Developments in various production factors, May 2018–May 2019

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

2019-08-15 at 9:30.

Statistical Database

More information is available in the Statistical Database

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