SYNTHSIS INE@COVID-19, 19 Nov-2020

November . 19 . 2020 SYNTH SIS IN @ COVID-19 www.ine.pt page 3/17 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Construction costs increased by 2.3% in year-on-year terms More information available at: New housing construction cost index – September 2020 (09 November 2020) In September, the year-on-year rate of change of the Construction Cost Index for New Housing (CCINH) was estimated at +2.3% (-0.2 percentage points (p.p.) compared to the previous month). In the same month, also in year-on-year terms, the price of materials and labour costs increased by 0.9% and 4.4% respectively (+1.3% and +4.2% in August, in the same order). Note: The value of September 2020 is provisional. Note: The value of September 2020 is provisional. In September, the CCINH decreased by 0.2% compared to the previous month (+0.3% in the previous month). The same rate of change was registered concerning the price of materials and the labour costs (+0.3% and -0.6% in August, in the same order). Construction Costs Index for New Housing (100=2015) Construction Costs Index for New Housing (year-on-year rate of change) Number-Index 110.55 94.0 96.0 98.0 100.0 102.0 104.0 106.0 108.0 110.0 112.0 September 2015 September 2016 September 2017 September 2018 September 2019 September 2020 2.3% 0.9% 4.4% September 2018 March 2019 September 2019 March 2020 September 2020 Total % -1.0 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 Materials Labour