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Palestine CCI down two percent since August

Oct. 30, 2008 9:12 A.M. (Updated: Oct. 30, 2008 9:12 A.M.)
Bethlehem - Ma'an - Palestine's Construction Cost Index (CCI) declined by 1.87% in September 2008, according to a study released Thursday by the Palestinian Central Bureau of Statistics.

The overall CCI for the remaining West Bank* reached 114.34 in September, compared with 116.52 in August 2008, the study revealed.

The analysis of CCI developments for September indicates decreases in the following major construction costs:

-9.64% Building Iron

-1.04% Cement Products

-2.79% Aluminum and Metal Doors and Windows

-3.35% Tiles and Panels

-1.01% Wood Products

Meanwhile, increases registered for the following major groups:

0.71% Quarrying Stone

2.76% Metal Tools

1.55% Wages and Labor Costs

2.60% Equipment Rentals

*Remaining West Bank: The areas occupied in 1967, excluding East Jerusalem.

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