In September 2015, producer costs for construction decreased againCosts of production indices in construction - September 2015

In September 2015, producer costs in construction decreased compared to the previous month (–0.6% after –0.3%). They decreased sharply in civil engineering (–1.4%), more moderately in specialised construction activities (–0.4%) and in building construction (–0.4%).

In September 2015, producer costs in construction decreased compared to the previous month (–0.6% after –0.3%). They decreased sharply in civil engineering (–1.4%), more moderately in specialised construction activities (–0.4%) and in building construction (–0.4%).

Over a year, producer costs in construction continued to decline (–1.9%). In civil engineering the drop was more marked (–6.2% after –4.7%). To a lesser extent, prices also decreased in construction of buildings (–1.1%) and in specialised construction activities (–1.1%).

tablo1 – Producer cost indices for construction

In %
Producer cost indices for construction
NAF Heading Weights (in %) Sept. 15/ Aug. 15 Sept. 15 / Sept. 14
F Construction 100.0 -0.6 -1.9
41.2 Construction of buildings 10.1 -0.4 -1.1
42 Civil engineering 16.2 -1.4 -6.2
43 Specialised construction works 73.7 -0.4 -1.1
43BT Buildings 64.2 -0.3 -0.5
43BTC New buildings 24.6 -0.4 -1.0
43BTR Existing buildings 39.6 -0.3 -0.3
43TP Specialised works for civil engineering 9.5 -1.0 -4.6
BT Buildings (41.2 + 43BT) 74.3 -0.3 -0.6
TP Public works (42 + 43TP) 25.7 -1.3 -5.6
  • Source: INSEE

tablo2 – Items of producer cost indices for construction

In %
Items of producer cost indices for construction
Costs items Q2 15 / Q1 15 Q3 15 / Q2 15 Sept. 15/ Aug. 15 Sept. 15/ Sept. 14
Equipment Buildings +0.1 +0.5 +0.2 +3.2
Public works -0.3 -0.1 -0.1 +0.7
Labour Labour costs in construction -0.2 0.0 0.0 +0.1
Energy Buildings +4.3 -6.3 -1.8 -14.4
Public works +5.8 -8.4 -0.9 -17.2
Material Construction of buildings -0.1 -0.6 -0.8 -2.7
Existing buildings -0.3 -0.1 -0.5 -1.5
Civil engineering +2.5 -1.5 -3.8 -13.9
Specialised works for civil engineering 0.0 -0.1 -0.5 -1.2
Services Construction +0.2 +0.6 -1.4 +0.2
Transport Buildings +1.3 -1.6 -0.4 -3.4
Public works +0.8 -0.4 0.0 -1.4
  • Source: INSEE

GRCoutUK – Production costs in construction

  • Source: INSEE

Materials

In September 2015, materials costs decreased sharply in civil engineering (–3.8%). They dipped more moderatly in construction of buildings (–0.8%), specialised works for civil engineering (–0.5%) and in the renovation of existing buildings (–0.5%). The drop of prices of bitumen (–14.8%) and of ready-mixed concrete (–3.0%) explain most of the fall of material costs.

GRMUK – Materials costs

  • Source: INSEE

Equipment

In September 2015, material costs rose slightly in construction of buildings (+0.2%) following the change in the prices of machine tools. They remained virtually stable in publics works (–0.1%).

GRKUK – Equipment cost

  • Source: INSEE

GRtravailUK – Labour cost in construction

  • Source: INSEE

Energy

In September 2015, the cost of energy declined less steeply in building construction (–1.8% after –5.1%), echoing the decline of the prices of diesel oil. The cost of energy also decreased less quickly in publics works (–0.9% after –5.9%) because the fall of the prices of fuel oil lessened. Over a year, the cost of energy fell markelly in construction of buildings (–14.4%) and in public works (–17.2%).

GRenergie – Energy cost

  • Source: INSEE

revisionUK – Revisions of costs of production indices in construction

In points
Revisions of costs of production indices in construction
June 15 July 15 August 15
F Construction /// -0.1 0.1
41.2 Construction of buildings /// -0.1 ///
42 Civil engineering /// /// 0.1
43 Specialised construction works /// -0.1 0.1
  • How to read it: producer cost for construction between June and July 2015 published in November 2015 has been updated from 0.0% to -0.1%, that is to say an downward revision by 0.1 points, taking into account the latest values of the labour cost index published in the meantime.
  • Source: INSEE