TIRANA, Sept 3 /ATA/ – Albania’s construction cost index grew by 0.3% on the year in the second quarter of 2019, the National Statistics Institute (INSTAT) said in its report Construction Cost Index on Tuesday.
According to INSTAT data, the construction cost index measured 103.8 points in the second quarter, rising by 0.3 percent compared to the same period of the previous year.
“Other expenditures” group rose by 1.4 % compared to the same period of 2018, followed by “Machinery expenditures” and “Salary expenditures” groups respectively growing by 0.9 % and 0.8 %.
The “Transport expenditures” and “Material expenditures” groups decreased respectively by 0.6 % and 0.3 %.
The Construction Cost Index measures the price of construction materials, labour cost and other capital spending in implementing 8-10-storey building projects.
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