Construction Cost Index Down in February 2015, says Statistics Bureau

RAMALLAH, March 25, 2015 (WAFA) – The Construction Cost Index (CCI) for Residential buildings reached 100.78 with a decrease of 0.23% in the West Bank during February 2015 compared to January 2015, said a report issued by the Palestinian Central Bureau of Statistics (PCBS) on Wednesday.

It said that, CCI fell due to the decrease in rental of equipments by 1.46%, the prices of raw materials by 0.27%, while Labor wages remained stable during February 2015 compared to the previous month.

Meanwhile, CCI for Non-residential buildings reached 100.85 with a decrease of 0.34% in the West Bank during February 2015 compared to January 2015.

It fell due to the decrease in rental of equipments by 1.41%, the prices of raw materials by 0.44%, while Labor wages remained stable during February 2015 compared to previous month.

As for CCI for Skeleton buildings, it reached 99.61 with a decrease of 0.17% in the West Bank during February 2015 compared to January 2015. It declined due to the decrease in rental of equipments by 0.91%, the prices of raw materials by 0.19%, while Labor wages remained stable during February 2015 compared to the previous month.

The overall Road Cost Index (RCI) reached 111.98 with a decrease of 2.04% in the West Bank during February 2015 compared to January 2015.

It declined due to the decrease in the prices of raw materials by 3.02%, Operating costs of equipment & maintenance by 2.71%, rental of equipments by 0.46%, while Labor wages remained stable during February 2015 compared to previous month.

Meanwhile, the overall Water Networks Cost Index (WNCI) reached 109.39 with a decrease of 1.04% in the West Bank during February 2015 compared to January 2015.

WNCI reached 110.21 with a decrease of 1.24%, and Water Reservoirs Cost Index reached 107.57 with a decrease of 0.56% during February 2015 compared to previous month.

As for the overall Sewage Networks Cost Index (SNCI), it reached 106.02 with a decrease of 0.67% in the West Bank during February 2015 compared to January 2015.

 

WAFA