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Saturday, 20.04.2024, 11:14
In August, construction costs in Latvia increased by 0.1%
Print versionCompared to
August 2016, construction costs increased by 2.3%. Labour remuneration of
workers grew by 4.3%, prices of building materials increased by 2.1%, while
maintenance and operational costs of machinery and equipment rose by 1.0%.
In August, the
average level of construction costs was mostly affected by an increase in the
maintenance and operational costs of machinery and equipment on excavators and
tower cranes.
In 2017, data on
prices of construction resources are provided by approximately 190 construction
enterprises and more than 40 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 2016. The share of enterprises with the value of own
account construction work exceeding EUR 1 million per year accounted
for 72%, in 26% 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.
More information
on construction costs is available in the Producer Prices section of
the CSB database. Data on changes of construction costs in September 2017
will be published on 26 October.
More information
on construction cost indices in Latvia is available in the Producer Prices – Key Indicators – Metadata section of the CSB website.
1Hourly gross labour remuneration of workers employed in construction broken
down by main professions:
- bricklayers and workers of related
professions;
- concrete workers and workers of related
professions;
- carpenters and builders;
- workers carrying out finishing works
(roofers, plasterers, sanitary technicians and others);
- painters and workers of related
professions;
- electricians;
- asphalt layers;
- auxiliary workers of road building and
construction of artificial structures;
- assemblers;
- welders.
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