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18-11-2020 14:17

Price Index of Construction Materials: October 2020

 

Annual Change -0,54%

The Price Index of Construction Materials for October 2020 reached 100,82 units (base year 2015=100,00), recording an increase of 0,07% compared to the previous month.

Compared to the same month of the previous year, the index recorded a decrease of 0,54%. By main commodity category, decreases were recorded in metallic products (-1,87%) and minerals (-1,34%), whereas increases were recorded in electromechanical products (1,29%), mineral products (0,26%) and products of wood, insulation materials, chemicals and plastics (0,16%).

For the period January - October 2020, the index recorded a decrease of 0,60% compared to the corresponding period of 2019.

Table 1

Code

Commodity category

Index

October 2020

(2015=100)

PercentageChange

 (%)

Oct 20 /

Sep 20

Oct 20 /

Oct 19

Jan-Oct 20 /

Jan-Oct 19

1

Minerals

99,13

0,00

-1,34

-1,71

11

Mineral aggregates

97,45

0,00

-0,50

-1,00

12

Cements

99,23

0,00

-4,04

-4,02

13

Stones

100,33

0,00

1,45

0,67

2

Mineral products

98,96

0,06

0,26

1,08

21

Cement products

99,03

0,08

0,40

-0,05

22

Ceramics

98,72

0,00

-0,20

4,88

3

Products of wood, insulation materials, chemicals and plastics 

100,24

-0,03

0,16

0,32

31

Products of wood

99,55

-0,05

0,64

0,68

32

Insulation materials

91,86

0,00

1,11

0,80

33

Chemical products

105,11

0,00

-0,86

-0,16

34

Plastic products

103,08

0,00

-0,96

-0,65

4

Metallic products

104,25

0,20

-1,87

-2,12

41

Iron and steel products

103,09

0,37

-3,51

-3,95

42

Products from aluminium and other metals

105,74

0,00

0,27

0,31

5

Electromechanical products

98,75

0,03

1,29

-0,03

51

Electrical fixtures

105,00

0,10

2,98

0,83

52

Heating and cooling equipment

90,44

0,00

0,00

-1,57

53

Other electromechanical products

99,64

0,00

0,64

0,29

 

General Index

100,82

0,07

-0,54

-0,60

METHODOLOGICAL INFORMATION

Definitions

The Price Index of Construction Materials shows the evolution of the cost of construction materials incurred by the contractor.

Collection of data

Prices of materials used in construction are collected on a monthly basis based on a sample of products and suppliers. The reference date for the prices collected is the 15th each month. Prices are valued excluding VAT. The data collection is carried out by telephone, fax or e-mail. Prices of materials are based on actual prices rather than list prices.

Compilation method and dissemination practices

The price indices are based on the year 2015, meaning that they show the evolution of the price of a certain material in relation to its average price in 2015. In the base year, the average of the price indices for the twelve months is 100. For example, a price index of 101,57 for a material in a certain month implies that the price has gone up by 1,57% in relation to its average price of 2015.

The aggregated price index of materials is a weighted average of the price indices of the various materials in the sample. The weights used reflect the share of each material to the total expenditure for construction materials incurred by the contractors and are derived from the value of imports and local production for that material in the base year (2015).

The index disseminated on the web site of the Statistical Service covers all types of construction works, whereas the index transmitted to and published by the Statistical Office of the European Union (Eurostat) in accordance to the provisions of Council Regulation (EC) No. 1165/98 concerning short-term statistics, is limited to new residential buildings, excluding residencies for communities.

For more information:

Statistical Service (CYSTAT) Website, subtheme Construction

Contact
Evi Kalogirou Demetriou

Tel: +357 22 602168

Fax: +357 22 605026

Email: ekalogirou@cystat.mof.gov.cy

 

EH/SCH