TIRANA, June 7 /ATA/ – Albania’s construction cost index grew by 0.6% on the year in the first quarter of 2021, the National Statistics Institute (INSTAT) said in its report Construction Cost Index on Monday.
According to INSTAT data, the construction cost index measured 100.9 points in the first quarter, rising 0.6 percent compared to the same period of the previous year.
“Other expenditures” group recorded highest increase by 0.9% compared with the first quarter of 2020, followed by “Machinery expenditures” and “Salary expenditures” groups, respectively growing by 0.8 % and 0.5 %. The “Transport expenditures” and “Material expenditures” groups rose respectively 0.4% and 0.3 %.
The group “Material expenditures”, the index of the subgroup “Electrical materials and communication” recorded the highest increase by 1.5 %.
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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