Construction price index is in a continuous fall

In the 1st quarter of this year the construction price index fell 4.7% compared to the same quarter of the previous year, but in the 2nd quarter the fall deepened. In the 2nd quarter the fall of the construction price index was mainly influenced by the 17% decrease in the labour costs. The price indices of building machines and building materials are also in the falling trend. Of building materials, the index was mainly influenced by the fall in the prices of products of concrete, metal products, and of doors and windows.

In the 2nd quarter of 2009 compared to the 1st quarter of 2009, the change of the construction price index was -3.9%, mainly influenced by the decrease in the labour costs.

In the 2nd quarter of 2009 the percentage change in the repair and reconstruction work price index was -3.6% compared to the 1st quarter of 2009 and -8.4% compared to the 2nd quarter of the previous year.

The calculation of the construction price index covers four groups of buildings — detached houses, blocks of flats, industrial buildings and office buildings, as well as office buildings covered by the repair and reconstruction work price index. The index expresses the change in the expenditures on construction taking into consideration the price changes of basic inputs (labour force, building materials and building machines).

Change in the construction price index, 2nd quarter 2009

Change in the repair and reconstruction work price index, 2nd quarter 2009