Construction and water network cost index rises in July

Ramallah - Ma'an - The Central Bureau of Statistics reported an increase in the price index of construction costs, roads, water and sewage networks during July 07/2024. Construction cost index for residential buildings rises The agency explained in a statement issued by it that the construction cost prices for residential buildings in the West Bank recorded an increase of 0.31% during the month of July 2024 compared to the month of June 2024, as the construction cost price index for residential buildings rose to 121.93 compared to 121.55 during the previous month (base year 2013 = 100). At the level of the main groups; the prices of the raw materials and primary materials group recorded an increase of 0.47%, and the prices of the equipment rental group recorded an increase of 0.20%, while the prices of the workers' costs and wages group recorded stability during July 2024 compared to the previous month. Construction cost index for non-residential buildings rises The construction cost index for non-reside ntial buildings in the West Bank* recorded an increase of 0.31% during July 2024 compared to June 2024, as the construction cost index for non-residential buildings rose to 120.87 compared to 120.49 during the previous month (base year 2013=100). At the level of the main groups; the prices of the raw materials and primary materials group recorded an increase of 0.46%, and the prices of the equipment rental group recorded an increase of 0.12%, while the prices of the workers' costs and wages group recorded stability during July 2024 compared to the previous month. Construction cost index for skeleton buildings rises The construction cost index for skeleton buildings in the West Bank* recorded an increase of 0.43% during July 2024 compared to June 2024, as the construction cost index for skeleton buildings rose to 121.83 compared to 121.30 during the previous month (base year 2013=100). At the level of the main groups; the prices of the raw materials and primary materials group recorded an increase of 0.65% , and the prices of the equipment rental group recorded an increase of 0.19%, while the prices of the workers' costs and wages group recorded stability during July 2024 compared to the previous month. Road construction cost index falls The prices of road construction costs of various types in the West Bank recorded a decrease of 0.28% during July 2024 compared to June 2024, as the general index of road cost prices decreased to 118.02 compared to 118.35 during the previous month (base month December 2008 = 100). At the level of the main groups; the prices of the equipment rental group recorded a decrease of 1.18%, the prices of the raw materials and primary materials group decreased by 0.16%, while the prices of the equipment operating and maintenance costs group recorded an increase of 1.44%, while the prices of the workers' costs and wages group recorded stability during July 2024 compared to the previous month. Increase in the general index of water network construction costs The cost of constructing w ater networks in the West Bank* recorded an increase of 0.27% during July 2024 compared to June 2024, as the price index for constructing water networks increased to 131.00 compared to 130.64 during the previous month (base month January 2010 = 100). At the level of water tank prices, the index recorded an increase of 0.55%, as the index rose to 122.96 compared to 122.29 during the previous month, and water network prices increased by 0.16%, as the index rose to 134.65 compared to 134.44 during the previous month. Increase in the general index of sewage network construction costs The cost of constructing sewage networks in the West Bank* recorded an increase of 0.61% during July 2024 compared to June 2024, as the index rose to 117.52 compared to 116.81 during the previous month (base month January 2010=100). Notice from the Central Agency for Public Mobilization and Statistics: Data for the Gaza Strip on the construction cost index, roads, water and sewage network costs are not available. The difference in the percentage changes in the costs of the main groups in each of the index for the construction of buildings, roads, water networks, or sewage networks is due to the difference in the composition of those groups. Source: Maan News Agency