Published: 15 October 2020

Building costs fell by 0.2 per cent in September year-on-year

According to Statistics Finland, building costs fell by 0.2 per cent in September 2020 compared with the previous year. Labour costs went up by 0.8 per cent and the prices of services by 0.5 per cent. The prices of materials fell by one per cent from one year back.

Long term development of the Building Cost Index

Long term development of the Building Cost Index

From August to September, the total index of building costs grew by 0.4 per cent. Labour costs went up by 1.1 per cent and the prices of services by 0.4 per cent. The prices of materials went down by 0.2 per cent from the previous month.

Building cost index 2015=100, September 2020

Professional construction of new buildings Weights Index Monthly change, % Annual change, %
Total index   1000 104.3 0.4 -0.2
By type of cost Labour inputs 400 104.2 1.1 0.8
Materials 510 104.6 -0.2 -1.0
Services 90 102.8 0.4 0.5
By purpose of use Residential building 440 104.3 0.4 -0.4
Other building construction 560 104.2 0.4 0.0

Source: Building cost index, Statistics Finland

Inquiries: Liina Arhosalo 029 551 3612, Merja Järvinen 029 551 2458, info@stat.fi

Head of Department in charge: Hannele Orjala

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Updated 15.10.2020

Referencing instructions:

Official Statistics of Finland (OSF): Building cost index [e-publication].
ISSN=1799-5841. September 2020. Helsinki: Statistics Finland [referred: 25.10.2020].
Access method: http://www.stat.fi/til/rki/2020/09/rki_2020_09_2020-10-15_tie_001_en.html