Construction Price Index – 3rd Quarter 2011
Highlights

1. The Construction Price Index, which stood at 104.4 as at June 2011, increased by 0.8 % or 0.8 point during the 3rd quarter of 2011 to reach 105.2 in September 2011.

2. On a monthly basis, the index registered a drop of 0.1% in July 2011 followed by increases of 0.6% in August and 0.2% in September 2011.

3. The 0.1% drop in July 2011 was mainly due to decreases of 0.9% in the prices of steel bars partly offset by higher rates for hire of plant (0.3%) and an increase in the prices of electrical installation (0.2%). In August 2011, the increase of 0.6% is mostly explained by higher prices of cement (3.4%), steel bars (0.9%), timber joinery (3.6%), adhesive (1.8%) and sanitary installation (1.3%). In September 2011, a 0.2% increase was registered mainly due to increases in the prices of cement (0.3%), steel bars (0.8%), block (0.7%) and higher rates for hire of plants (0.3%) partly offset by a decrease of 0.2% in timber carpentry.

4. As a consequence of the above changes, the “Materials” sub-index decreased by 0.1% from 104.8 in June 2011 to 104.7 in July 2011, followed by increases of 1.0% and 0.3% to reach 105.7 in August and 106.0 in September 2011.

5. The “Hire of Plant” sub-index which stood at 101.0 in June 2011 increased by 0.3% in July to 101.3, registered no changes in August followed by 0.3% increase in September to reach 101.7.

6. The “Labour” and “Transport” sub-indices remained unchanged in during the quarter.

November 2011

More: Construction Price Index – 3rd Quarter 2011

Introduction

Table 1.1: Monthly sub-indices by input category, October 2010 to September 2011

Table 1.2: Percentage change from previous month by input category, October 2010 to September 2011

Table 1.3: Percentage change from corresponding month of previous year by input category, October 2010 to September 2011

Table 1.4: Net monthly contributions of input categories to the index, October 2010 to September 2011

Table 1.5: Quarterly average of monthly indices and percentage changes by input category, 4th Quarter 2010 to 3rd Quarter 2011

Table 2.1: Monthly sub-indices by work category, October 2010 to September 2011

Table 2.2: Percentage change from previous month by work category, October 2010 to September 2011

Table 2.3: Percentage change from corresponding month of previous year by work category, October 2010 to September 2011

Table 2.4: Net monthly contributions of work categories to the index, October 2010 to September 2011

Table 2.5: Quarterly average of monthly indices and percentage changes by work category, 4th Quarter 2010 to 3rd Quarter 2011

Table 3.1: Construction Price Index - January 2000 to September 2011

Table 3.2: Construction Price Index - January 2000 to September 2011 (Base period 2nd Qtr 2009=100)

Technical notes

Whole in PDF (761 KB)

Introduction in Word (327 KB)

Table in Excel format (77 KB)

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