Construction Cost Index Slightly Down in September 2015

RAMALLAH, October 25, 2015 (WAFA) – The Construction Cost Index (CCI) for Residential buildings reached 100.34 with a slight decrease of 0.01% in the West Bank during September 2015 compared to August 2015, said a report issued by the Palestinian Central Bureau of Statistics (PCBS) on Sunday.

It said the CCI has declined due to a decrease in the prices of raw materials by 1.12%, while labor wages increased by 2.37%, and rental of equipments by 0.26% during the same period.

Meanwhile, CCI for non-residential buildings reached 100.59 with a slight decrease of 0.05% in the West Bank during September 2015 compared to the previous month.

It declined due to a decrease in the prices of raw materials by 1.08%, while rental of equipments increased by 0.27% and labor wages by 2.37% during the same period.

As for CCI for skeleton buildings, it reached 97.59 with an increase of 0.10% in the West Bank during September 2015 compared to the previous month. It rose due to an increase in prices of labor wages and rental of equipments by 3.80%, and 0.22%, respectively, while prices of raw materials decreased by 1.32% during the same period.

The overall Road Cost Index (RCI) reached 109.69 with a decrease of 1.18% in the West Bank during September 2015 compared to August 2015.

It declined due to the decrease in the prices of raw materials, operating costs of equipment and maintenance by 1.44%, and by 0.95%, respectively, whereas rental of equipments increased by 0.14%. Meanwhile, labor wages remained stable during the same period.

Meanwhile, the overall Water Networks Cost Index (WNCI) was almost unchanged from August 2015 and remained around 109.04. In the meantime, Water Reservoirs Cost Index reached 101.57, with a decrease of 1.25%, while Water Networks Cost Index reached 112.43, with an increase of 0.52% during the reporting period.

As for the overall Sewage Networks Cost Index (SNCI), it reached 107.11 with an increase of 0.23% in the West Bank during the same period.

 

 

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