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news index construction material costs in canada will decline 5% year over year in 2009's first half comments
news index construction material costs in canada will decline 5% year over year in 2009's first half commentsConstruction Material Costs in Canada will Decline 5% Year over Year in 2009's First Half
February 04, 2009 - Alex Carrick
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02/04/2009 - posted by Monica Bialski
What about the labour costs? What is your forecast for 2009?
CanaData’s construction materials cost index, based on weightings of Statistics Canada’s Industrial Product Price Index series, is set for a year-over-year decline on the order of about 5.0% at some time during the first half of this year. The residential sub-index will decline a little (to a range of 0.0% to +2.0%) from where it is now and both the non-residential building (-3.0% to -5.0%) and engineering (-5.0% to -10.0%) sub-indexes will fall to significant degrees.