In June 2015, producer cost indices for construction were stableCosts of production indices in construction - June 2015

In June 2015, production costs in construction were stable (after +0.2% in May), being unchanged or virtually unchanged in the different fields of activity. Over a year, the production costs in construction were down (–0.7%) due to a sharp decrease in civil engineering (–3.9%), while they were almost stable in the construction of buildings (–0.1%) and stable in specialised construction works.

In June 2015, production costs in construction were stable (after +0.2% in May), being unchanged or virtually unchanged in the different fields of activity. Over a year, the production costs in construction were down (–0.7%) due to a sharp decrease in civil engineering (–3.9%), while they were almost stable in the construction of buildings (–0.1%) and stable in specialised construction works.

tablo1 – Producer cost indices for construction

In %
Producer cost indices for construction
NAF Heading Weights (in %) June 15/ May 15 June 15/ June 14
F Construction 100.0 - 0.0 - 0.7
41.2 Construction of buildings 10.1 - 0.1 - 0.1
42 Civil engineering 16.2 + 0.0 - 3.9
43 Specialised construction works 73.7 - 0.0 - 0.0
43BT Buildings 64.2 - 0.0 + 0.4
43BTC New buildings 24.6 - 0.1 - 0.0
43BTR Existing buildings 39.6 + 0.0 + 0.6
43TP Specialised works for civil engineering 9.5 - 0.0 - 2.8
BT Buildings (41.2 + 43BT) 74.3 - 0.0 + 0.3
TP Public works (42 + 43TP) 25.7 - 0.0 - 3.5
  • Source: INSEE

tablo2 – Items of producer cost indices for construction

In %
Items of producer cost indices for construction
Costs items Q1 15 / Q4 14 Q2 15 / Q1 15 June 15/ May 15 June 15/ June 14
Equipment Buildings - structural works + 0.2 + 0.1 + 0.3 + 2.3
Buildings - finishing + 0.3 0.0 + 0.6 + 4.4
Public works + 0.5 - 0.1 0.0 - 0.7
Labour Labour costs in construction + 0.7 - 0.4 0.0 + 1.1
Energy Buildings - 5.1 + 4.3 - 1.3 - 6.9
Public works - 4.6 + 5.7 - 1.6 - 9.1
Material Construction of buildings - 0.8 - 0.1 - 0.4 - 1.7
Existing buildings - 0.7 - 0.3 - 0.0 - 0.8
Civil engineering - 8.9 + 2.0 + 0.3 - 9.6
Specialised works for civil engineering - 0.4 - 0.1 - 0.4 - 0.8
Services Construction + 0.4 + 0.2 + 0.3 + 0.7
Transport Buildings - 1.4 + 1.3 - 0.3 - 1.0
Public works - 1.3 + 1.0 0.0 - 1.0
  • Source: INSEE

GRCoutUK – Production costs in construction

  • Source: INSEE

Materials

In June 2015, materials costs for construction of buildings and specialised works for civil engineering decreased (–0.4%), in particular because of the fall of ready-mixed concrete prices (–0.6%). In civil engineering, materials costs continued to rise (+0.3% after +1.4%) due to higher prices of bitumen (+2.6% in June after +6.5% in May, but –30.0% over a year).

GRMUK – Materials costs

  • Source: INSEE

Equipment

In June 2015, material costs picked up in finishing (+0.6% after 0.2%) due to higher prices of machine tools. They levelled off in public works.

GRKUK – Equipment cost

  • Source: INSEE

GRtravailUK – Labour cost in construction

  • Source: INSEE

Energy

In June 2015, energy cost fell back in construction of buildings (–1.3% after +2.1%, –6.9% over a year), due to the decrease in diesel prices. It slipped a bit more in public works (–1.6% after +1.3%; –9.1% over a year), due to a further decline in the price of heavy fuel oil.

GRenergieUK – Energy cost

  • Source: INSEE

revisionUK – Revisions of costs of production indices in construction

In points
Revisions of costs of production indices in construction
Mar. 15 Apr. 15 May. 15
F Construction /// -0.3 +0.1
41.2 Construction of buildings /// -0.2 ///
42 Civil engineering /// -0.1 ///
43 Specialised construction works /// -0.3 ///
  • Reading note: producer cost for construction between March and April 2015 published in July 2015 has been updated from +0.1% to –0.2%, that is to say a downward revision by 0.3 point, in line with the dissemination of the last values of the labour cost index.
  • Source: INSEE