Analytics, Construction, Latvia, Markets and Companies, Statistics
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 16:35
Construction costs in Latvia decreased by 0.1 % in October
Compared to October 2015, construction costs decreased
by 0.2%. Prices of building materials dropped by 2.8%, while labour remuneration
of workers increased by 4.0% and maintenance and operational costs of machinery
and equipment grew by 1.6%.
In October, the average level of construction costs was
mostly affected by a drop in the prices of asphalt concrete and crushed
dolomite.
Construction cost indices
(2010=100)
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
million 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.