Analytics, Construction, Latvia, Statistics

International Internet Magazine. Baltic States news & analytics Saturday, 21.12.2024, 17:01

In September, overall level of construction costs fell by 0.5%

Ļubova Ņemsadze Producer Price Indices Section, 27.10.2020.Print version
Data of the Central Statistical Bureau (CSB) show that, compared to August, in September 2020 the level of construction costs in Latvia reduced by 0.5%. Prices of building materials decreased by 0.7%, labour remuneration of workers – by 0.5%, but maintenance and operational costs of machinery and equipment remained the same.

In September, the average level of construction costs was mostly affected by a drop in prices of sand, as well as of metal structures and small metal products.


Compared to September 2019, construction costs rose by 0.7%. Labour remuneration of workers rose by 7.4%, maintenance and operational costs of machinery and equipment – by 0.6%, but prices of building materials – fell by 2.1%.




Compared to the 2nd quarter, in the 3rd quarter of 2020 the overall level of construction costs rose by 0.1%. Labour remuneration of workers increased by 1.1%, maintenance and operational costs of machinery and equipment – by 0.4%, but prices of building materials – reduced by 0.6%.


In the 3rd quarter of 2020, compared to the 3rd quarter of 2019, the overall level of construction costs rose by 0.9%. Labour remuneration of workers rose by 7.4%, maintenance and operational costs of machinery and equipment – by 0.5%, but prices of building materials – reduced by 1.6%.




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