COST UPDATE Q1 2018

摘要

A composite measure of building costs increased by 3.6% over the previous 12 months. Materials costs remained a significant driver of cost inflation to the overall index. Primarily, this stems from sound ongoing domestic demand and sterling being weak against the euro and the dollar, which introduces inflationary pressures from consequently higher cost imported materials and components. Labour costs also continued to rise steadily over the first quarter of 2018, despite a brief lull where inclement weather affected wages.