26 June 2018

2018- n° 163
In Q1 2018, producer costs for construction increased (+0.8%) Costs of production indices in construction - first quarter 2018

In Q1 2018, producer costs for construction slightly slowed down (+0.8% after +1.1% in the previous quarter). They increased in all sub-sectors but less significantly than in the previous quarter: +1.4% (after +1.8%) in civil engineering, +0.7% (after +1.0%) in building construction as well as in specialised construction works. Over a year, these costs decelerated too (+2.4% after +2.7% in Q4 2017), in civil engineering (+2.7% after +4.0%) as well as in building construction (+2.4% after +2.7%) and in specialised construction works (+2.3% after +2.5%).

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N^o 163

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Avertissement: in accordance with the European directives, producer costs for construction are broadcast in reference 100 in 2015 from this release. Additional information related to this change are available on the Web page of these indicators (flag: Documentation).

Materials cost increased

In Q1 2018, the cost of materials increased in the three sectors: in building construction (+1.3% after +1.2%), in civil engineering (+1.6% after a stability) and in specialised works for civil engineering (+1.3% after +0.8%).

Over a year, materials cost remained dynamic, notably in civil engineering (+3.5% after +7.1%) and in building construction (+3.3% as in Q4 2017).

Energy cost accelerated remarkly

In Q1 2018, the cost of energy increased remarkly in building construction (+9.0% after +5.7%) and in public works (+9.2% after +6.4%) due to a large acceleration in prices of fuel oil and gas oil.

Over a year, the rise in the cost of energy was significant too (+8.9% after +8.1% in public works and +9.3% after +9.4% in building construction).

tableauTable1 – Variations in producer cost indices for construction

In %

Variations in producer cost indices for construction (In %) -
Heading	Weights (in %)	Q1 2018/ Q4 2017	Q1 2018/ Q1 2017
F Construction	100.0	+0.8	+2.4
41.2 Construction of buildings	10.2	+0.7	+2.4
42 Civil engineering	15.9	+1.4	+2.7
43 Specialised construction works	73.9	+0.7	+2.3
43BT Buildings	65.2	+0.6	+2.3
43BTC New buildings	24.7	+0.8	+2.5
43BTR Existing buildings	40.5	+0.6	+2.2
43TP Specialised works for civil engineering	8.7	+1.2	+2.2
Buildings (41.2 + 43BT)	75.4	+0.6	+2.3
Public works (42 + 43TP)	24.6	+1.3	+2.5

Source: INSEE

tableauTable2 – Items of producer cost indices for construction

In %

Items of producer cost indices for construction (In %) -
Costs	items	Q1 2018/ Q4 2017	Q1 2018/ Q1 2017g
Equipment	Buildings	+0.2	−0.2
	Public works	+0.3	0.0
Labour	Labour costs in construction	-0.4	+1.8
Energy	Buildings	+9.0	+9.3
	Public works	+9.2	+8.9
Materials	Construction of buildings	+1.3	+3.3
	Existing buildings	+1.0	+2.4
	Civil engineering	+1.6	+3.5
	Specialised works for civil engineering	+1.3	+2.3

Source: INSEE

graphiqueGraph1 – Production costs in construction

Equipment cost slightly increased in building construction and in public works

In Q1 2018, equipment cost slightly increased in building construction (+0.2% after +0.1%) but it slightly declined by 0.2% yoy (after −0.8%). In public works, it rose too (+0.3% after +0.1% in Q4 2017) and it was stable over a year (after +0.4%).