Home Archive 26/November/2018 02:37 PM

Construction cost Index slightly increases in October 2018

 

RAMALLAH, Monday, November 26, 2018 (WAFA) - The Construction Cost Index (CCI) for residential buildings slightly increased by 0.07% in the West Bank during October compared with September, the Palestinian Central Bureau of Statistics (PCBS) said on Monday.

CCI for residential buildings slightly increased due to the increase in rental of equipment by 0.28%, and the prices of raw materials by 0.10%. At the same time, labour wages remained stable during October 2018 compared with the previous month.

 CCI for non-residential buildings  increased by 0.11% in the West Bank during October compared with September due to the increase in rental of equipment by 0.27%, and the prices of raw materials by 0.16%. At the same time, labour wages remained stable during October 2018 compared with the previous month.

CCI for skeleton buildings remained stable at the level of 105.47 in the West Bank  during October 2018 compared with September.

At level of major groups of the CCI for skeleton buildings, rental of equipment increased by 0.35%, while the prices of raw materials slightly decreased by 0.02%. At the same time, labour wages remained stable during October 2018 compared with the previous month.

The overall Road Cost Index (RCI) slight increased by 0.05% in the West Bank due to the increase in rental of equipment by 0.27%, while the prices of raw materials slightly decreased by 0.02%.

At the same time, operating costs of equipment and maintenance and labour wages remained stable during October 2018 compared with the previous month.

The overall Water Networks Cost Index (WNCI) decreased by 0.13% in the West Bank during October compared to September, Reservoirs Cost Index decreased by 0.22%, and Water Networks Cost Index decreased by 0.10% during the same period.

The overall Sewage Networks Cost Index (SNCI) slight decreased by 0.05% in the West Bank during October 2018 compared with September.

T.R.

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