28 August 2020
2020- n° 221In Q2 2020, the prices of buildings' maintenance and improvement works rose by +0.1% Buildings maintenance and improvement price index - second quarter 2020
In Q2 2020, buildings’ maintenance and improvement work price index (IPEA) increased by +0.1%, a smaller increase compared to previous quarter (+0.4%). Prices leveled off in joinery installation, and in floor and wall covering (after respectively +0.5% and +0.4%) and were almost steady in plastery and other specialised construction activities. They fell back in electrical installation (–0.2% after +0.8%), and slowed down in other construction installation (+0.2% after +1.2%). Conversely, they accelerated in roofing (+0.5% after +0.3%), in plumbing, heat and air-conditioning installation (+0.4% after +0.2%) and in painting and glazing (+0.4% after +0.2%).
Over a quarter, prices went up in the residential sector (+0.2%) and stabilized in the non-residential sector (+0.0%).
Over a year, buildings' maintenance and improvement work prices increased by 0.9% in Q2 2020, after +1.1% in the previous quarter, with a higher rise in the residential sector than in the non-residential sector (+1.0% versus +0.8%). Prices accelerated in roofing (+2.2% after +2.0%). Conversely, they fell back in other specialised construction activities (–0.1% after +0.9%) and slowed down in joinery installation (+1.2% after +1.4%) and in plastering (+1.5% after +1.7%).
Revisions
The evolution in the IPEA price index between the fourth quarter of 2019 and the first quarter of 2020 was reduced by 0.1 points to +0.4%.
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 | 104.0 | 104.1 | 103.8 |
| 2019-Q2 | 104.3 | 104.4 | 104.2 |
| 2019-Q3 | 104.5 | 104.6 | 104.5 |
| 2019-Q4 | 104.7 | 104.8 | 104.6 |
| 2020-Q1 | 105.1 | 105.2 | 105.0 |
| 2020-Q2 | 105.2 | 105.4 | 105.0 |
graphiqueBuildings' maintenance and improvement work price index
- Source: INSEE.
tableauBuildings’ maintenance and improvement work price index
| Weights (in %) | Q2 2020 | Q/Q-1 (1) | Q/Q-4 (2) | |
|---|---|---|---|---|
| Buildings maintenance and improvement work price index (IPEA) | 100 | 105.2 | 0.1 | 0.9 |
| Residential buildings | 56.6 | 105.4 | 0.2 | 1.0 |
| Non-residential buildings | 43.4 | 105.0 | 0.0 | 0.8 |
| All buildings by type of work | ||||
| 4321 - Electrical installation | 16.5 | 104.1 | -0.2 | 1.0 |
| 4322 - Plumbing. heat and air−conditioning installation | 19.2 | 105.3 | 0.4 | 0.8 |
| 4329 - Other construction installation | 6.2 | 103.6 | 0.2 | 1.2 |
| 4331 - Plastering | 3.5 | 108.6 | 0.1 | 1.5 |
| 4332 - Joinery installation | 19.5 | 106.1 | 0.0 | 1.2 |
| 4333 - Floor and wall covering | 4.3 | 104.2 | 0.0 | 0.6 |
| 4334 - Painting and glazing | 8.9 | 103.7 | 0.4 | 1.1 |
| 4391 - Roofing | 6.3 | 110.3 | 0.5 | 2.2 |
| 4399 - Other specialised construction activities | 15.7 | 104.2 | -0.1 | -0.1 |
- (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: 27 November 2020
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