Austrian Construction Costs Further on the Rise

IndustrialsConstruction ♦ Published: March 16, 2011; 00:00 ♦ (Vindobona)

According to Statistics Austria, construction cost continued to increase sharply in February 2011.

The construction cost index for construction of residential buildings – on the new base year 2010 – reached 102.0 index points for February 2011, according to calculations by Statistics Austria. This represents an increase of 0.3% compared to the previous month January 2011 and a rise of 3.7% over February 2010.

The construction costs in the civil engineering sector rose…