The Overall Material Costs Index in the Construction (CSTM) of New Residential Buildings with base year 2015=100.0 in May 2022 recorded an increase of 11.4% in comparison with May 2021, according to latest data released by the Hellenic Statistical Authority (ELSTAT).
The corresponding index in May 2021 had recorded an increase of 3.0% compared with May 2020.
The Overall Index in May 2022, compared with the corresponding index in April 2022, recorded an increase of 1.1%. The index had recorded an increase of 0.7% between May 2021 and April 2021.
The average Index for the twelve-month period from June 2021 to May 2022, compared with the corresponding index for the twelve-month period from June 2020 to May 2021, recorded an increase of 7.3%. The comparison of the twelvemonth average Material Costs Index in the corresponding previous twelve-month periods had recorded an increase of 0.4%.
Annual rates of change: May 2022 compared with May 2021
The Overall Material Costs Index in the Construction of New Residential Buildings in May 2022, compared with the corresponding index in May 2021 recorded an increase of 11.4% (Table 1). The main changes in the individual costs indices of the material categories are as follows:
Monthly rates of change: May 2022 compared with April 2022
The Overall Material Costs Index in the Construction of New Residential Buildings in May 2022 recorded an increase of 1.1% in comparison with the corresponding index in April 2022 (Table 2). The main changes in the individual costs indices of the material categories are as follows:
Latest News
FT: Greece’s Economic Rebound a Balance of Growth and Poverty
Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.
Lavrio Port Authority Next Up for Privatization
A deadline for the submission of expressions of interest is May 14, 2024
Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023
The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022
GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool
President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%
Store Hours Change Today in Observation of Orthodox Easter
The President of the Athens Chamber of Commerce hopes the Easter period will provide a much-needed boost to retail traffic in the capital
Athens-area Mass Transit Systems Set to Finally Install Contact-less Fare Payment
Paying fares via bank cards, smartphones and smartwatches in all mass transit systems in the Greek capital, namely, buses, trolleys, the metro and tram lines, is scheduled by the end of the year
Council of State Rejects Motion Against Thessaloniki Motorway Project
The motion was filed earlier this month by three local citizens’ and environmental groups and generated a high court decision for a temporary stay in construction
Greek 30Y Bond Issue Oversubscribed by 11 Times
Very high demand pushed down the coupon's interest rate to 4.125%
Athens Int’l Airport Wins Top Prize at Routes Europe Awards
The Routes business is focused entirely on aviation route development and the company's portfolio includes events, media and online businesses