In August 2015, producer costs for construction decreasedCosts of production indices in construction - August 2015

In August 2015, producer costs in construction decreased compared to July 2015 (–0.3%), quite clearly in civil engineering (–0.9%), moderately in specialised construction activities (–0.2%). They were virtually unchanged in building construction (–0.1%). Over a year, producer costs in construction continued to decline (–1.1%), due to a sharp drop in civil engineering (–4.7%), and a moderate one in the construction of buildings (–0.4%) and specialised construction activities (–0.3%).

In August 2015, producer costs in construction decreased compared to July 2015 (–0.3%), quite clearly in civil engineering (–0.9%), moderately in specialised construction activities (–0.2%). They were virtually unchanged in building construction (–0.1%). Over a year, producer costs in construction continued to decline (–1.1%), due to a sharp drop in civil engineering (–4.7%), and a moderate one in the construction of buildings (–0.4%) and specialised construction activities (–0.3%).

tablo1 – Producer cost indices for construction

In %
Producer cost indices for construction
NAF Heading Weights (in %) August 15/ July 15 August 15/ August 14
F Construction 100.0 - 0.3 - 1.1
41.2 Construction of buildings 10.1 - 0.1 - 0.4
42 Civil engineering 16.2 - 0.9 - 4.7
43 Specialised construction works 73.7 - 0.2 - 0.3
43BT Buildings 64.2 - 0.1 + 0.1
43BTC New buildings 24.6 - 0.1 - 0.3
43BTR Existing buildings 39.6 - 0.1 + 0.4
43TP Specialised works for civil engineering 9.5 - 0.7 - 3.4
BT Buildings (41.2 + 43BT) 74.3 - 0.1 + 0.1
TP Public works (42 + 43TP) 25.7 - 0.8 - 4.2
  • 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 July 15/ June 15 July 15/ July 14
Equipment Buildings - structural works + 0.1 - 0.2 - 0.3 + 2.7
Buildings - finishing 0.0 - 0.4 - 0.7 + 4.1
Public works - 0.1 - 0.1 + 0.1 + 0.8
Labour Labour costs in construction - 0.4 /// /// ///
Energy Buildings + 4.3 - 5.8 - 5.1 - 13.0
Public works + 5.8 - 8.3 - 6.0 - 16.9
Material Construction of buildings - 0.1 - 0.4 + 0.0 - 2.1
Existing buildings - 0.3 + 0.1 + 0.1 - 1.0
Civil engineering + 2.5 - 0.6 - 1.6 - 11.0
Specialised works for civil engineering - 0.0 + 0.1 + 0.4 - 0.7
Services Construction + 0.2 + 1.1 - 0.3 + 0.5
Transport Buildings + 1.3 - 1.2 - 1.1 - 2.7
Public works + 1.0 0.0 0.0 - 0.9
  • ///: Non-published estimation
  • Source: INSEE

GRCoutUK – Production costs in construction

  • Source: INSEE

Materials

In August 2015, materials costs decreased sharply in civil engineering (–1.6%) whereas they increased in specialised works for civil engineering (+0.4%). They were stable in construction of buildings and virtually stable in the renovation of existing buildings (+0.1%): the price falls of bitumen (–7.4%) and of copper tubes and pipes (–3.3%) were almost offset by the increase in prices of other materials (notably electrical materials, painting).

GRMUK – Materials costs

  • Source: INSEE

Equipment

In August 2015, equipment costs fell back in finishing (–0.7% as in the previous month) due to lower prices of machine tools. To a lesser extent, they also declined in structural works (–0.3% after –0.4%). They were virtually flat in public works (+0.1% after –0.1%).

GRKUK – Equipment cost

  • Source: INSEE

GRtravailUK – Labour cost in construction

  • Source: INSEE

Energy

In August 2015, energy costs fell more sharply in construction of buildings (–5.1% after –2.3%, –13.0% over a year), due to the decrease in diesel oil prices. The cost of energy decreased even more in public works (–6.0% after –3.9%; –16.9% over a year), due to a further decline in the price of heavy fuel oil.

GRenergie – Energy cost

  • Source: INSEE

revisionUK – Revisions of costs of production indices in construction

In points
Revisions of costs of production indices in construction
May 15 June 15 July 15
F Construction /// 0.1 ///
41.2 Construction of buildings /// /// ///
42 Civil engineering 0.1 0.4 -0.1
43 Specialised construction works /// 0.1 ///
  • Reading note: producer cost for construction between May and June 2015 published in October 2015 has been updated from –0.1% to 0.0%, that is to say an upward revision by 0.1 points.
  • Source: INSEE