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 November,11/2015

Decrease in the Construction Cost Index for Residential Buildings

The Construction Cost Index for Residential buildings reached 99.74 with a decrease of 0.53% in the West Bank during November 2015 compared with October 2015 (base year 2013=100).

The Construction Cost Index for Residential buildings decreased due to the decrease in the prices of raw materials by 0.86%, while rental of equipments slightly increased by 0.06%. At the same time, labor wages remained stable during November 2015 compared with the previous month.

Decrease in the Construction Cost Index for Non-residential  Buildings

The Construction Cost Index for Non-residential buildings reached 99.99 with a decrease of 0.56% in the West Bank during November 2015 compared with October 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 0.88%, while rental of equipments slightly increased by 0.03%. At the same time, labor wages remained stable during November 2015 compared with the previous month.

Decrease in the Construction Cost Index for Skeleton Buildings

The Construction Cost Index for Skeleton buildings reached 96.40 with a decrease of 0.83% in the West Bank during November 2015 compared with October 2015 (base year 2013=100).

The Construction Cost Index for Skeleton buildings decreased due to the decrease in the prices of raw materials by 1.26%, and rental of equipments slightly decreased by 0.01%. At the same time, labor wages remained stable during November 2015 compared with the previous month.

Decrease in the Road Cost Index (RCI)

The overall Road Cost Index (RCI) reached 110.15 with a decrease of 0.29% in the West Bank during November 2015 compared with October 2015 (base month December 2008=100).

The Road Cost Index for November 2015 decreased due to the decrease in operating costs of equipment & maintenance by 0.77%, the prices of raw materials by 0.35%, and rental of equipments by 0.31%. At the same time, labor wages remained stable during November 2015 compared with the previous month.

Decrease in the Water Networks Cost Index (WNCI)

The overall Water Networks Cost Index (WNCI) reached 109.21 with a decrease of 0.16% in the West Bank during November 2015 compared with October 2015 (base month December 2008=100).

Water Reservoirs Cost Index reached 99.64 with a decrease of 1.26%, while Water Networks Cost Index reached 113.57 with an increase of 0.29% during November 2015 compared with the previous month.

Increase in the Sewage Networks Cost Index

The overall Sewage Networks Cost Index (SNCI) reached 107.54 with an increase of 0.21% in the West Bank during November 2015 compared with October 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.