15 October 2015

2015- n° 252
In July 2015, producer costs for construction were stable Costs of production indices in construction - July 2015

In July 2015, production costs in construction were on the whole stable ; they were virtualy stable in each field of activity. Over a year, the production costs in construction continued to decrease (–1.0%) due to a sharp decrease in civil engineering (–4.6%), and to a moderate decline in the construction of buildings (–0.3%) and in specialised construction works (–0.2%).

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N^o 252

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Materials
Equipment
Energy

tableautablo1 – Producer cost indices for construction

In %

Producer cost indices for construction (In %)
NAF	Heading	Weights (in %)	July 15/ June 15	July 15/ July 14
F	Construction	100.0	+ 0.0	– 1.0
41.2	Construction of buildings	10.1	+ 0.1	– 0.3
42	Civil engineering	16.2	– 0.2	– 4.6
43	Specialised construction works	73.7	+ 0.1	– 0.2
43BT	Buildings	64.2	+ 0.1	+ 0.2
43BTC	New buildings	24.6	+ 0.1	– 0.2
43BTR	Existing buildings	39.6	+ 0.2	+ 0.5
43TP	Specialised works for civil engineering	9.5	– 0.2	– 3.4
BT	Buildings (41.2 + 43BT)	74.3	+ 0.1	+ 0.2
TP	Public works (42 + 43TP)	25.7	– 0.2	– 4.2

Source: INSEE

tableautablo2 – Items of producer cost indices for construction

In %

Items of producer cost indices for construction (In %)
Costs		Q2 15 / Q1 15	Q3 15 / Q2 15	July 15/ June 15	July 15/ July 14
Equipment	Buildings - structural works	+ 0.1	+ 0.1	– 0.3	+ 2.1
	Buildings - finishing	0.0	+ 0.1	– 0.7	+ 4.0
	Public works	– 0.1	0.0	+ 0.1	– 0.6
Labour	Labour costs in construction	– 0.4	///	///	////
Energy	Buildings	+ 4.3	2.5	– 2.3	– 9.1
	Public works	+ 5.7	4.5	– 3.8	– 12.2
Material	Construction of buildings	– 0.1	– 0.4	– 0.1	– 2.0
	Existing buildings	– 0.3	0.0	0.0	– 0.9
	Civil engineering	+ 1.7	– 0.1	– 0.3	– 11.0
	Specialised works for civil engineering	– 0.1	– 0.3	– 0.2	– 0.9
Services	Construction	+ 0.2	+ 1.3	+ 1.1	+ 1.0
Transport	Buildings	+ 1.3	– 0.5	– 0.4	– 1.7
	Public works	+ 1.0	0.0	0.0	– 0.9

///: Non-published estimation
Source: INSEE

graphiqueGRCoutUK – Production costs in construction

Materials

In July 2015, materials costs decreased slightly in civil engineering (–0.3%) and in specialised works for civil engineering (–0.2%). They were virtualy stable in construction of buildings (–0.1%); the fall in prices of bitumen (–4.2%) and cement prices (–0.6%) were almost offset by the increase in prices of other materials (notably blocks and slabs, ribbed bars, sandstone tiles). Material costs were stable in the renovation of existing buildings.

graphiqueGRMUK – Materials costs

Equipment

In July 2015, equipment costs fell back in finishing (–0.7% after +0.6%), due to lower prices of machine tools. To a lesser extent, they also declined in structural works (–0.3%). They were flat in public works (+0.1%).

graphiqueGRKUK – Equipment cost

graphiqueGRtravailUK – Labour cost in construction

Energy

In July 2015, energy costs fell again in construction of buildings (–2.3% after –1.3%, –9.1% over a year), due to the decrease in diesel oil prices. It slipped somewhat more in public works (–3.8% after –1.6%; –12.2% over a year), due to a new decline in the price of heavy fuel oil.

graphiqueGRenergie – Energy cost

tableaurevisionUK – Revisions of costs of production indices in construction

In points

Revisions of costs of production indices in construction (In points)
		Mar. 15	Apr. 15	May. 15
F	Construction	///	///	–0.1
41.2	Construction of buildings	///	///	–0.1
42	Civil engineering	///	///	–0.2
43	Specialised construction works	///	///	–0.1

Reading note: producer cost for construction between May and June 2015 published in September 2015 has been updated from 0.0% to –0.1%, that is to say a downward revision by 0.1 point.
Source: INSEE