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Producer prices in construction or construction costs

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National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: Statistics Portugal

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The construction cost index for new housing (CCINH) is a composite indicator, which measures the change in the prices of inputs used in the construction of new residential buildings (i.e., materials, labour and other relevant construction factors).

30 January 2025

Additional sub-indices for labour costs and construction materials are calculated. The main components of the labour costs are wages. The index for materials shows the evolution for construction materials in individual construction services. There is no regional breakdown in provided index series.

There is no reporting or observation units as the index is derived based on information provided from data sources already available at Statistics Portugal.

The theoretical statistical population of the index is the set of newly built residential buildings in the country.

The CCINH covers the whole country.

The reference period of the CCINH is the month.

 Not applicable.

Results are presented in the form of index-numbers, which do not have a particular unit of measure.

The CCINH is a Laspeyres–type index.

To calculate the weights and obtain the primary sub indexes that determine the index, the IAEC – Annual Inquiry to the Construction Companies (2021) provided a partition key to know how much the whole construction sector spends on materials and labour force. It resulted in a 56% weight to materials and 44% to labour costs.

For materials, data are obtained from the Production Prices Index (IPPI), Consumer Prices Index (CPI) and the Construction Materials Price Index (IPMC). As there are no direct sources, all data treatment is made within those 3 statistical operations.

For labour costs, data are obtained from a Monthly Wages Declaration reported to the Social Security IT Institute (SSII). Since it is not a direct source, all data treatments are made by the SSII.

Monthly, up to 40 days after the end of reference period.

This indicator is released around the 40th day after the end of the reference period of the index.

The index is calculated for the country. Due to harmonized STS practices, the Portuguese CCINH is comparable with the indexes produced in other EU countries in the same domain.

The CCINH base 100 = 2021 is consistent over time. From 2021 onwards, the previous CCINH base 100 = 2015 was completely revised using the new data for materials and wages. For the 2000 – 2020 period, the change rates of the previous base were used to back cast the new index series.