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Construction costs in Latvia up 4.4%

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Compared to September, the level of construction costs in Latvia dropped by 0.1 % in October 2018. Prices of building materials reduced by 0.2 %, labour remuneration of workers by 0.1 %, while maintenance and operational costs of machinery and equipment grew by 0.1 %.


In October, the average level of construction costs was mostly affected by the decline in prices of sand, as well as metal constructions and small metal articles, according to data compiled by the Central Statistical Bureau of Latvia.
 

Compared to October 2017, construction costs went up by 4.4 %. Labour remuneration of workers increased by 9.1 %, prices of building materials by 3.2 %, and maintenance and operational costs of machinery and equipment by 3.1 %.

BNN

28-11-2018
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