Mauritius sees construction prices rise on the back of higher cement & ceramic tile costs
Mauritius’ construction price index saw a rise of 0.2% in the second quarter of 2015 to hit 114.0 compared to 113.8 for the first quarter of 2015, spurred by higher prices of cement and ceramic tiles by 1.0% and 0.5% respectively.
Mauritius saw a rise in construction prices in the second quarter this year, as an increase in the price of cement by 1.0% and that of ceramic tiles by 0.5% led to a higher construction price index for the quarter ended June 2015.
As per the Statistics Mauritius report released on 22 July 2015, the overall index for May 2015remained at the same level as in April 2015. However, prices of timber carpentry and timber joinery rose by 1.4% and 0.4% respectively while prices of steel bars went down by 0.2%. Also, the index increased to 114.1 in June 2015 following increases in the prices of timber carpentry by 0.6% and adhesive by 0.3%.
Compared to the corresponding months of the previous year, the index shows overall increases of 1.2% in April 2015 and 1.4% for both May 2015 and June 2015.
However, no change was registered in the “Labour”, “Hire of Plant” and “Transport” sub-indicesduring the second quarter of 2015 over the first quarter of the same year.
The “Materials” sub-index, which stood at 112.0 in March 2015, increased to 112.2 in April 2015 mainly due to higher prices of cement by 1.0% and ceramic tiles by 0.5%, partly offset by decreases in the prices of steel bars, metal openings and galvanised corrugated cast iron sheeting.
The labour sub-index increased from 114.3 in December 2014 to 119.5 upon salary compensation for 2015.However, from January 2015 to June 2015 the sub-index remained constant at 119.5 points.
Moving to the broad category of construction inputs for the quarter ended June 2015, compared to the previous quarter of 2015, ‘labour’ remained flat at 119.5 while ‘materials’ recorded an increase of 0.3% upon higher prices of cement and ceramic tiles.
To conclude, the trend of the construction price index depicts that the largest spike between July 2014 to June 2015 was in January 2015, where this rise was attributed to the increases in wages. However, in 2014, from October to December, the trend was almost always down, while 2015 shows an increasing trend in the Construction Price Index, as shown below: