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Construction costs dip slightly in October

Latest data from the Central Statistical Bureau (CSB) show that compared to September, construction costs in Latvia in October 2014 decreased by 0.1%. 

 

Prices of building materials and workers' wages reduced by 0.2%, while maintenance and operational costs of machinery and equipment rose by 0.3%.

Compared to October 2013, the average level of construction costs increased by 0.1%. Labor costs grew by 3.4% on the year, but maintenance and operational costs of machinery and equipment - reduced by 0.2% and prices of building materials by 0.7%.

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