30 August 2019
2019- n° 225In Q2 2019, the prices of buildings' maintenance and improvement works rose by +0.3% Buildings maintenance and improvement price index - second quarter 2019
In Q2 2019, buildings’ maintenance and improvement work price index (IPEA) increased by +0.3%, a more moderated rise than in the previous quarter (+0.8%). Prices slowed down, in particular in joinery installation (+0.2% after +1.4%), in roofing (+0.3% after +0.9%) and in floor and wall covering (+0.2% after +0.6%). They fell back in electrical installation (−0.3% after +0.7%). Conversely, they accelerated in the other specialised construction activities (+1.2% after +0.7%).
Over a quarter, the rise was stronger in the non-residential sector (+0.4%) than in the residential sector (+0.2%).
Over a year, buildings' maintenance and improvement work prices increased by 1.3% in Q2 2019, a little less than in the previous quarter (+1.4%). The rise was the same in the residential sector (+1.3%) and in the non-residential sector. Prices accelerated in the other specialised construction activities (+2.3% after +1.2%) and in plastering (+1.9% after +1.3%). Conversely, they fell back in electrical installation (−0.6% after +0.8%).
Revisions
The evolution in the IPEA price index between the fourth quarter of 2018 and the first quarter of 2019 has been revised upward by 0.1 points to +0.8%.
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 | 103.2 | 103.2 | 103.1 |
| 2019-Q1 | 104.0 | 104.1 | 103.8 |
| 2019-Q2 | 104.3 | 104.3 | 104.2 |
graphiqueBuildings' maintenance and improvement work price index
- Source: INSEE.
tableauBuildings’ maintenance and improvement work price index
| Weights (in %) | Q2 2019 | Q/Q-1 (1) | Q/Q-4 (2) | |
|---|---|---|---|---|
| Buildings maintenance and improvement work price index (IPEA) | 100 | 104.3 | 0.3 | 1.3 |
| Residential buildings | 56.6 | 104.3 | 0.2 | 1.3 |
| Non-residential buildings | 43.4 | 104.2 | 0.4 | 1.3 |
| All buildings by type of work | ||||
| 4321 - Electrical installation | 16.5 | 103.1 | -0.3 | -0.6 |
| 4322 - Plumbing. heat and air−conditioning installation | 19.2 | 104.4 | 0.4 | 1.7 |
| 4329 - Other construction installation | 6.2 | 102.3 | 0,0 | -0.1 |
| 4331 - Plastering | 3.5 | 107.4 | 0.7 | 1.9 |
| 4332 - Joinery installation | 19.5 | 104.8 | 0.2 | 1.7 |
| 4333 - Floor and wall covering | 4.3 | 103.6 | 0.2 | 1.6 |
| 4334 - Painting and glazing | 8.9 | 102.7 | 0.3 | 1.3 |
| 4391 - Roofing | 6.3 | 108.0 | 0.3 | 2.2 |
| 4399 - Other specialised construction activities | 15.7 | 104.5 | 1.2 | 2.3 |
- (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
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 nonresidential buildings during the quarter under review.
The IPEA indices are raw data. That means they are not seasonally adjusted.
Next issue: 29 November 2019
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