29 May 2019
2019- n° 142In Q1 2019, the prices of buildings' maintenance and improvement works went up sharply
(+0.7%) Buildings maintenance and improvement price index - first quarter 2019
In Q1 2019, buildings’ maintenance and improvement work price index (IPEA) went up sharply (+0.7% after a stability in the previous quarter). The growth were marked practically in all types of work, due in particular to rising raw material costs and annual price increases. Prices accelerated sharply in joinery installation (+1.1% after +0.1%) and in the other specialised construction activities (+0.9% after +0.1%). They rebounded strongly in electrical installation (+0.8% après −0.6%).
Over a quarter, the rise was the same in the residential sector (+0.7%) and in the non-residential sector.
Over a year, buildings' maintenance and improvement work prices increased by 1.2%, a little more than in the previous quarter (+1.1%). Prices accelerated in the other specialised construction activities (+1.4% after +0.7%) and in electrical installation (+0.8% after +0.2%). They were a little less dynamic in roofing (+2.5% after +3.0%) and in plumbing, heat and air-conditioning installation (+1,7%after +2.2%). They fell back slightly in the other construction installation (−0.2% after +0.3%)
Over a year, the rise was stronger in the non-residential sector (+1.5%) than in the residential sector (+1.1%).
Revisions
The evolution in the IPEA price index between the third quarter and the fourth quarter of 2018 was unchanged: prices remained stable.
tableauBuildings' maintenance and improvement work price index
| IPEA | IPEA residential | IPEA non residential | |
|---|---|---|---|
| 2015-Q1 | 99.9 | 99.9 | 100.0 |
| 2015-Q2 | 100.0 | 100.0 | 100.0 |
| 2015-Q3 | 100.1 | 100.1 | 100.1 |
| 2015-Q4 | 100.0 | 100.0 | 100.0 |
| 2016-Q1 | 100.5 | 100.4 | 100.6 |
| 2016-Q2 | 100.8 | 100.7 | 100.9 |
| 2016-Q3 | 100.9 | 100.8 | 100.9 |
| 2016-Q4 | 101.0 | 101.0 | 101.2 |
| 2017-Q1 | 101.4 | 101.4 | 101.4 |
| 2017-Q2 | 101.6 | 101.7 | 101.4 |
| 2017-Q3 | 101.8 | 102.0 | 101.4 |
| 2017-Q4 | 102.0 | 102.2 | 101.8 |
| 2018-Q1 | 102.6 | 102.8 | 102.2 |
| 2018-Q2 | 103.0 | 103.0 | 102.9 |
| 2018-Q3 | 103.1 | 103.0 | 103.1 |
| 2018-Q4 | 103.1 | 103.2 | 103.0 |
| 2019-Q1 | 103.8 | 103.9 | 103.7 |
graphiqueBuildings' maintenance and improvement work price index
- Source: INSEE.
tableauBuildings’ maintenance and improvement work price index
| Weights (in %) | Q1 2019 | Q/Q-1 (1) | Q/Q-4 (2) | |
|---|---|---|---|---|
| Buildings maintenance and improvement work price index (IPEA) | 100.0 | 103.8 | 0.7 | 1.2 |
| Residential buildings | 59.3 | 103.9 | 0.7 | 1.1 |
| Non-residential buildings | 40.7 | 103.7 | 0.7 | 1.5 |
| All buildings by type of work | ||||
| 4321 - Electrical installation | 17.5 | 103.4 | 0.8 | 0.8 |
| 4322 - Plumbing, heat and air−conditioning installation | 17.9 | 103.8 | 0.4 | 1.7 |
| 4329 - Other construction installation | 4.6 | 102.2 | 0.1 | -0.2 |
| 4331 - Plastering | 3.5 | 105.9 | 0.2 | 0.6 |
| 4332 - Joinery installation | 19.3 | 104.3 | 1.1 | 1.3 |
| 4333 - Floor and wall covering | 4.0 | 103.1 | 0.4 | 1.2 |
| 4334 - Painting and glazing | 8.2 | 102.3 | 0.5 | 1.2 |
| 4391 - Roofing | 6.6 | 107.6 | 0.8 | 2.5 |
| 4399 - Other specialised construction activities | 18.4 | 103.5 | 0.9 | 1.4 |
- (1) index of the last quarter compared to that of the previous quarter (in %)
- (2) index of the last quarter compared to that of the same period of the previous year (in %)
- Source : Insee
For more information – Definition
The buildings’ maintenance and improvement work price index (IPEA) is a quarterly index which measures the evolution of price excluding taxes charged by construction enterprises (including artisanal forms) for their maintenance and improvement works in residential and non-residential buildings during the quarter under review.
The IPEA indices are raw data. That means they are not seasonally adjusted.
Next issue: 30 August 2019
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