12 May 2015

2015- n° 112
In February 2015, producer cost indices for construction increased slightly (+0.2%) Costs of production indices in construction - February 2015

In February 2015, producer costs for construction increased slightly in construction (+0.2% after –0.4%; –1.5% over a year). They rose in construction of buildings (+0.1%), in specialised construction works (+0.2%) and in civil engineering (+0.3 %), due to the rebound of energy prices.

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Equipment

tableautablo1 – Producer cost indices for construction

In %

Producer cost indices for construction (In %)
NAF	Heading	Weights (in %)	Feb. 15/ Jan. 14	Feb. 15/ Feb. 14
F	Construction	100.0	+0.2	-1.5
41.2	Construction of buildings	10.1	+0.1	-0.3
42	Civil engineering	16.2	+0.3	-6.2
43	Specialised construction works	73.7	+0.2	-0.6
43BT	of which for buildings	64.2	+0.1	+0.0
43BTC	of which for new building	24.6	+0.1	-0.3
43BTR	of which for old buildings	39.6	+0.1	+0.3
43TP	Specialised works for civil engineering	9.5	+0.7	-4.8
BT	Buildings (41.2 + 43BT)	74.3	+0.1	-0.0
TP	Public works (42 + 43TP)	25.7	+0.5	-5.7

Source: INSEE

tableautablo2 – Items of producer cost indices for construction

In %

Items of producer cost indices for construction (In %)
Costs		T4 14 / T3 14	T1 15 / T4 14	Feb. 15/ Jan. 14	Feb. 15/ Feb. 14
Equipment	Buildings - structural works	+0.2	+1.2	-0.0	+1.7
	Buildings - finishing	-0.3	+2.3	-0.1	+1.9
	Public works	-0.1	+0.5	+0.1	-0.7
Labour	Labour costs in construction	+0.4	///	///	///
Energy	Buildings	-5.2	-6.8	+5.0	-11.5
	Public works	-20.0	-7.8	+17.3	-20.7
Material	Construction of buildings	-0.8	-0.8	+0.1	-1.9
	Existing buildings	-0.1	-0.7	-0.1	-0.9
	Civil engineering	-3.5	-9.1	-1.4	-13.5
	Specialised works for civil engineering	-0.3	-0.3	-0.4	-0.9
Services	Construction	-0.7	+0.3	+0.4	+0.4
Transport	Buildings	-0.9	-1.4	+1.0	-1.9
	Public works	-0.2	0.0	0.0	-0.3

///: non-published estimation.
Source: INSEE

Materials

In February 2015, prices of materials for construction of buildings were virtually stable (+0.1%), the rebound of prices in profiled steel (+0.9%), being offset by the fall in prices of non-alloy steel products (-0.8%). In civil engineering, the prices of materials kept declining (–1.4%), due to the drop of bitumen (-5.3%).

graphiqueGRCoutUK – Producer costs in construction

Energy

In February 2015, cost of energy recovered strongly in building construction (+5.0% after -5,3%; –11.5% over a year), due to the rebound of oil prices. It increased even more in civil engineering (+17.3%; -20.7% over a year), due to the sharp rise in price of heavy fuel oil (+25.3%; - 25.0% year on year).

graphiqueGRenergie – Energy cost

Equipment

In February 2015, the price of materials was stable in buildings - structural work and nearly stable in buildings – finishing (-0.1%) and in civil engineering (+0.1%).

graphiqueGRKUK – Equipment cost

graphiqueGRtravailUK – Labour cost in construction

graphiqueGRMUK – Materials costs

tableaurevisionUK – Revisions of costs of production indices in construction

In points

Revisions of costs of production indices in construction (In points)
		Nov. 14	Dec. 14	Jan. 15
F	Construction	///	///	0.1
41.2	Construction of buildings	///	///	0.2
42	Civil engineering	///	///	///
43	Specialised construction works	///	///	0.1

Note: producer cost development for construction in January 2015 published in April 2015 has been updated from –0.5% to –0.4%, that is to say a revision up by 0.1 point.
Source: INSEE

Documentation

Methodology (pdf,149 Ko)

Producer cost indices for construction

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12 May 2015 2015- n° 112In February 2015, producer cost indices for construction increased slightly (+0.2%) Costs of production indices in construction - February 2015