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Rise in Palestinian Construction Cost Index

Published by
World Cement,


Date released by the Palestinian Central Bureau of Statistics (PCBS) has revealed an increase in the Construction Cost Index for residential buildings, non-residential buildings, skeleton buildings and a rise in the Road Cost index in March 2014.

Construction Cost Index for buildings

The Construction Cost Index for residential buildings totalled 100.53, increasing by 0.16% q/q in the West Bank in March 2014 compared to February 2014. The increase was attributed to a rise in labour wages by 0.38% and the price of equipment rental by 0.14% and raw materials by 0.03% during the reporting period.

The Construction Cost Index for non-residential buildings stood at 100.50, increasing by 0.17% q/q in the West Bank during the reporting period. The increase was again attributed to a rise in the price of labour wages, equipment rental and raw materials by by 0.38%, 0.23% and 0.06%, respectively.

The Construction Cost Index for skeleton buildings increased slightly by 0.08% in March 2014, reaching 100.42. The rise was due to a 0.15% increase in equipment rental and an 0.08% increase in raw materials compared to February 2014.

Road Cost Index (RCI)

The overall Road Cost Index (RCI) totalled 117.75 in March 2014, representing a 0.47% q/q increase, which can be attributed to a 1.83% rise in the operating costs of equipment and maintenance, a 0.65% improvement in labour wages, a 0.57% rise in raw materials and a 0.13% increase in rental of equipment during the reporting period.


Edited from various sources by Rosalie Starling

Read the article online at: https://www.worldcement.com/africa-middle-east/16052014/rise_in_palestinian_construction_cost_index_212/


 

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