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 March,03/2015

 

Decrease in the Construction Cost Index for Residential Buildings

 

The Construction Cost Index for Residential buildings reached 100.54 with a decrease of 0.24% in the West Bank during March 2015 compared to February 2015 (base year 2013=100).

 

The Construction Cost Index for Residential buildings decreased due to the decrease in the prices of raw materials by 0.34%, rental of equipments by 0.27%, as well as, Labor wages slightly decreased by 0.07% during March 2015 compared to previous month.

 

Decrease in the Construction Cost Index for Non-residential  Buildings

 

The Construction Cost Index for Non-residential buildings reached 100.65 with a decrease of 0.20% in the West Bank during March 2015 compared to February 2015 (base year 2013=100).

 

The Construction Cost Index for Non-residential buildings decreased due to the decrease in the prices of raw materials by 0.27%, rental of equipments by 0.22%, as well as, Labor wages slightly decreased by 0.07% during March 2015 compared to previous month.

 

Decrease in the Construction Cost Index for Skeleton Buildings

 

The Construction Cost Index for Skeleton buildings reached 99.31 with a decrease of 0.30% in the West Bank during March 2015 compared to February 2015 (base year 2013=100).

 

The Construction Cost Index for Skeleton buildings decreased due to the decrease in the prices of raw materials by 1.06%, as well as, rental of equipments slightly decreased by 0.03%, while Labor wages increased by 1.84% during March 2015 compared to previous month.

 

Increase in the Road Cost Index (RCI)

 

The overall Road Cost Index (RCI) reached 113.02 with an increase of 0.93% in the West Bank during March 2015 compared to February 2015 (base month December 2008=100).

 

The Road Cost Index for March 2015 increased due to the increase in Operating costs of equipment & maintenance by 3.76%, the prices of raw materials by 1.67%, while rental of equipments decreased by 0.82% and Labor wages by 0.20% during March 2015 compared to previous month.

 

Increase in the Water Networks Cost Index (WNCI)

 

The overall Water Networks Cost Index (WNCI) reached 110.21 with an increase of 0.76% in the West Bank during March 2015 compared to February 2015 (base month January 2010=100).

 

Water Networks Cost Index reached 111.80 with an increase of 1.44%, while Water Reservoirs Cost Index reached 106.71 with a decrease of 0.79% during March 2015 compared to previous month.

 

Increase in the Sewage Networks Cost Index

The overall Sewage Networks Cost Index (SNCI) reached 107.05 with an increase of 0.97% in the West Bank during March 2015 compared to February 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.