Construction costs in March decreased by 0.1% in Latvia

In 2015, data on prices of construction resources are provided by about 190 construction enterprises and 30 trade enterprises. Construction cost index calculations are based on the prices of building materials submitted by the enterprises for the calculation of producer price indices in industry and import price indices.

The average construction costs in the 1st quarter of 2015 as compared to the 1st quarter of 2014 increased by 1.2%. Labour remuneration of workers went up by 7.2%, maintenance and operational costs of machinery and equipment – by 1.3%, prices of building materials reduced by 0.4%.

The sample includes construction enterprises with the highest value of own account construction works in 2014. The share of enterprises with the value of own account construction work exceeding EUR 1 million per year comprised 60%, in 27% 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.

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