SYNTHESIS INE@COVID-19, 16-Nov-2021

November . 16 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 5/16 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Construction costs increased by 7.1% year-on-year The Construction Cost Index for New Housing (CCINH) registered, in September 2021, a year-on-year growth of 7.1% (+0.4 percentage points than the previous month). The price of materials and the cost of labour presented, respectively, rates of change of 8.9%and 4.6% in comparison with the same period of the previous year. More information is available at: New housing construction costs index – September 2021 (09 November 2021) In terms of the month-on-month rates of change, the estimated rates for September 2021 were: • CCINH: 0.1% (same value as in the previous month); • Price of materials: -0.2% (0.6% in the previous month); • Labour costs: 0.5% (-0.6% in the previous month). Construction Costs Index for New Housing (year-on-year rate of change) Construction Costs Index for New Housing (100=2015) 7.1% 8.9% 4.6% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% September 2019 March 2020 September2020 March 2021 September2021 Total Materials Labour 118.36 90.0 95.0 100.0 105.0 110.0 115.0 120.0 September 2016 September 2017 September 2018 September 2019 September 2020 September 2021 Number- Index