According to Statistics Finland, building costs in Finland increased by 0.8% y/y in December 2013 compared to December 2012. The price of labour in construction rose by 1.6% y/y and the price of materials grew by 0.1% y/y.
From November 2013 to December 2013, the total index of building costs decreased by 0.1%, the price of labour remained stable and material costs fell by 0.2%.
The cubic volume covered by granted building permits rose by 20.4% y/y in November 2013 to 2.9 million m3. The growth was attributed to an increase in permits granted for public service buildings and commercial and office buildings.
The cubic volume covered by building permits granted for residential buildings decreased by 23.5% y/y in November 2013. However, the cubic volume covered by permits granted for buildings other than residential dwellings increased by 44% y/y compared to November 2012.
In November 2013, the volume of construction of residential buildings decreased by 9.2% y/y and construction volume for developments other than residential buildings declined by 2.5% y/y.
The turnover of construction enterprises increased by 0.8% y/y in August 2013 to October 2013 and turnover of specialised construction activities rose by 2.5% y/y. The turnover of building construction and civil engineering decreased by 0.5% and 0.2% y/y, respectively.
The sales volume of construction enterprises saw a 0.9% y/y increase in August 2013 to October 2013 and the sales volume of specialised construction activities rose by 1.5% y/y. In building construction and civil engineering, the sales volume declined by 1.4% and 0.5% y/y, respectively.
Adapted from press release by Rosalie Starling
Read the article online at: https://www.worldcement.com/europe-cis/24012014/slight_growth_in_finlands_construction_industry_641/