The construction costs for houses and settlements rose in May with a view to higher wages. The corresponding construction cost index was 130.6 points – an increase of 1.6 percent in the same month of the previous year and 0.8 percent compared to April, reports Austria statistics on Friday.
There were also cost increases in the year in the bridge and settlement hydraulic engineering. There was a decrease in road construction.
Compared to May 2024, the total costs of road construction fell by 0.9 percent, but compared to April 2025 there was an inflation of 0.7 percent. The construction of bridges became 0.6 percent more expensive in one year, compared to April it was even an increase of 1.1 percent. Similar to the construction of the settlement, where an increase of 0.7 and 1.1 percent was.
KV -degree decide
“The changes in construction costs are considerably influenced by the conclusions of the collective agreement that have been valid since 1 May 2025 of some building elements, such as the building, carpentry and painter’s industry,” says the statistical authority.
The wage costs in the house and construction of the settlement have risen by 3.2 percent in the year and by 2.2 percent in the monthly comparison. A wage increase of 2.8 percent is given in the field of construction work.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
