Palestinian Central Bureau of Statistics (PCBS)

Construction Cost Index (CCI), Road Cost Index (RCI), Water Networks Cost Index (WNCI) and Sewage Networks Cost Index (SNCI) in the West Bank during February, 02/ 2015

Decrease in the Construction Cost Index for Residential Buildings

The Construction Cost Index for Residential buildings reached 100.78 with a decrease of 0.23% in the West Bank during February 2015 compared to January 2015 (base year 2013=100).

The Construction Cost Index for Residential buildings decreased due to the decrease in rental of equipments by 1.46%, the prices of raw materials by 0.27%, while Labor wages remained stable during February 2015 compared to previous month.

Decrease in the Construction Cost Index for Non-residential  Buildings

The Construction Cost Index for Non-residential buildings reached 100.85 with a decrease of 0.34% in the West Bank during February 2015 compared to January 2015 (base year 2013=100).

The Construction Cost Index for Non-residential buildings decreased due to the decrease in rental of equipments by 1.41%, the prices of raw materials by 0.44%, while Labor wages remained stable during February 2015 compared to previous month.

Decrease in the Construction Cost Index for Skeleton Buildings

The Construction Cost Index for Skeleton buildings reached 99.61 with a decrease of 0.17% in the West Bank during February 2015 compared to January 2015 (base year 2013=100).

The Construction Cost Index for Skeleton buildings decreased due to the decrease in rental of equipments by 0.91%, the prices of raw materials by 0.19%, while Labor wages remained stable during February 2015 compared to previous month.

Decrease in the Road Cost Index (RCI)

The overall Road Cost Index (RCI) reached 111.98 with a decrease of 2.04% in the West Bank during February 2015 compared to January 2015 (base month December 2008=100).

The Road Cost Index for February 2015 decreased due to the decrease in the prices of raw materials by 3.02%, Operating costs of equipment & maintenance by 2.71%, rental of equipments by 0.46%, while Labor wages remained stable during February 2015 compared to previous month.

Decrease in the Water Networks Cost Index (WNCI)

The overall Water Networks Cost Index (WNCI) reached 109.39 with a decrease of 1.04% in the West Bank during February 2015 compared to January 2015 (base month January 2010=100).

Water Networks Cost Index reached 110.21 with a decrease of 1.24%, and Water Reservoirs Cost Index reached 107.57 with a decrease of 0.56% during February 2015 compared to previous month.

Decrease in the Sewage Networks Cost Index

The overall Sewage Networks Cost Index (SNCI) reached 106.02 with a decrease of 0.67% in the West Bank during February 2015 compared to January 2015 (base month January 2010=100).

Note:

The data of the West Bank doesn’t cover those parts of Jerusalem which were annexed by Israel in 1967.

NB:

1.       Gaza Strip data is not available.

2.       The difference in the percentage change in major groups of road, construction, water networks, and sewage networks cost index is due to the nature compositions of these major groups.

Data collection of Construction, Road, Water Networks, and Sewage Networks Cost Index survey  was funded by the European Union.