Analytics, Construction, Latvia, Statistics
International Internet Magazine. Baltic States news & analytics
Friday, 19.04.2024, 11:43
Construction costs increased by 0.3% in Latvia in July
Compared to July 2015, construction costs grew by 0.3%. Labour remuneration of workers increased by 5.4%, maintenance and operational costs of machinery and equipment rose by 1.5%, whereas prices of building materials decreased by 2.3%.
In 2016, data on prices of construction resources are provided by approximately 180 construction enterprises and more than 30 trade enterprises. When calculating the Construction Cost Index, prices of building materials submitted by enterprises for the calculation of producer price indices in industry and import price index are also used.
The sample includes construction enterprises with the highest value of own account construction works in 2015. The share of enterprises with the value of own account construction work exceeding EUR 1 mln per year accounted for 74%, in 33% of which the value of own account construction work exceeded EUR 5 million per year. The criterion for the sample of trade enterprises is their turnover and specialisation.