Turkey: Construction cost index increases by 27.59% annually in February
In February 2021, construction cost index (CCI) decreased by 0.03% compared with the previous month and increased by 27.59% compared with the same month of the previous year, the Turkish Statistical Institute said in a statement on Monday.
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Material index decreased by 0.04% and labor index decreased by 0.02% compared with the previous month. Also, material index increased by 31.64% and labor index increased by 19.73% compared with the previous year.
Building construction cost index increased by 28.23% annually and 0.12% monthly
Building construction cost index increased by 0.12% compared with previous month and increased by 28.23% compared with the same month of the previous year. Material index increased by 0.19% and labor index decreased by 0.04% compared with the previous month. Also, material index increased by 32.61% and labor index increased by 20.05% compared with the previous year.
Construction cost index for civil engineering increased by 25.38% annually and decreased by 0.56% monthly
Construction cost index for civil engineering decreased by 0.56% compared with previous month and increased by 25.38% compared with the same month of the previous year. Material index decreased by 0.81% and labor index increased by 0.05% compared with the previous month.
Also, material index increased by 28.55% and labor index increased by 18.54% compared with the previous year. (ILKHA)
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