Spain August Construction Costs: Statistical Summary

Following is a summary of Spain’s August construction costs index from the Spanish Ministry of Civil Works, in Madrid:

===============================================================================
                       Aug.      July      June       May     April     March
                       2011      2011      2011      2011      2011      2011
===============================================================================
                    ------------------ Total Cost Index YOY -----------------
Total sector          3.88%     4.71%     3.76%     3.31%     3.72%     4.57%
Buildings             3.52%     4.45%     3.58%     3.14%     3.53%     4.29%
Civil engineering     5.21%     5.61%     4.30%     3.97%     4.51%     5.78%
Labor cost            2.01%     2.01%     2.01%     2.01%     2.01%     2.01%
                    ---------------- Materials Cost Index YOY ---------------
Total sector          4.90%     6.20%     4.71%     4.00%     4.65%     5.98%
Buildings             4.48%     6.01%     4.58%     3.84%     4.50%     5.76%
Civil engineering     6.25%     6.80%     5.04%     4.60%     5.33%     7.84%
                    ------------------ Total Cost Index MOM -----------------
Total sector         -0.22%     0.32%     0.25%    -0.02%     0.42%    -0.10%
Buildings            -0.28%     0.29%     0.26%    -0.03%     0.37%    -0.15%
===============================================================================
                       Aug.      July      June       May     April     March
                       2011      2011      2011      2011      2011      2011
===============================================================================
                    ------------------ Total Cost Index MOM -----------------
Civil engineering     0.03%     0.41%     0.11%     0.06%     0.66%     0.08%
Labor cost            0.00%     0.00%     0.00%     0.00%     0.00%     0.00%
                    ---------------- Materials Cost Index MOM ---------------
Total sector         -0.33%     0.48%     0.38%    -0.03%     0.64%    -0.14%
Buildings            -0.44%     0.47%     0.42%    -0.06%     0.60%    -0.24%
Civil engineering     0.05%     0.54%     0.14%     0.08%     0.13%     0.78%
                    -------------------- Total Costs Index ------------------
Total sector         127.11    127.39    126.98    126.66    126.69    126.16
Buildings            125.72    126.06    125.70    125.37    125.41    124.95
Civil engineering    133.19    133.14    132.60    132.46    132.38    131.51
Labor cost           121.79    121.79    121.79    121.79    121.79    121.79
                    -------------- Building Materials Cost Index -------------
Total sector         130.10    130.54    129.91    129.41    129.45    128.62
Buildings            128.27    128.84    128.24    127.70    127.77    127.01
Civil engineering    137.22    137.15    136.41    136.22    136.11    135.94
==============================================================================
NOTE: Base Jan. 2005=100

SOURCE: Spanish Ministry of Civil Works 
       (Ministerio de Fomento)
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