Construction labour costs and diesel price record largest annual and monthly falls in April 2020: Abu Dhabi (SCAD)

Building Materials Price Statistics (BMPS) report for April 2020.

  
Construction labour costs and diesel price record largest annual and monthly falls in April 2020: Abu Dhabi (SCAD)

The Statistics Centre – Abu Dhabi (SCAD), a Department of Government Support entity, has issued its monthly Building Materials Price Statistics (BMPS) report for April 2020. The report covers price movements across key building materials in April 2020 compared with March 2020 and April 2019.

April 2020 vs March 2020

In April 2020, the average prices of cement group increased by 0.9%, concrete by 0.1% compared with March 2020. During April 2020, the average cost of construction labour dropped by 20.5%. Diesel price dropped by 8.4%, and steel by 2.7% compared with March 2020.

April 2020 vs April 2019

In April 2020, the average prices of natural stone increased by 6.4%, wires for small building rose by 3% and stainless steel sinks with single mixer by 2.6% compared with April 2019. The average cost of construction labour fell by 28.9%, diesel by 17.3%, and power cables by 12.2% in April 2020 compared with April 2019.

Building material prices statistics are important economic indicators for planning and research across sectors. They are also used to compile indices of the construction activity and in real GDP calculations.

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases