In February 2016, producer costs for construction decreased slightly again (−0.2%)Costs of production indices in construction - February 2016

In February 2016, producer costs in construction declined slightly again (-0.2%). Their fall slowed in civil engineering (-0.4% after -0.9%). Production costs were slightly down in the construction of buildings (-0.2%) and virtually stable in specialised construction activities (-0.1%).

In February 2016, producer costs in construction declined slightly again (−0.2%). Their fall slowed in civil engineering (−0.4% after −0.9%). Production costs were slightly down in the construction of buildings (−0.2%) and virtually stable in specialised construction activities (−0.1%).

Over a year, producer costs in construction continued to decline (−0.5% after −0.3%). Like last month, they fell significantly in civil engineering (−2.7%) and more moderately in construction of buildings (−0.7%). They were stable in specialised construction activities.

tablo1 – Variations in producer cost indices for construction

In %
Variations in producer cost indices for construction
NAF Heading Weights (in %) Feb. 16/ Jan. 16 Feb. 16 / Feb. 15
F Construction 100.0 -0.2 -0.5
41.2 Construction of buildings 10.1 -0.2 -0.7
42 Civil engineering 16.2 -0.4 -2.7
43 Specialised construction works 73.7 -0.1 0.0
43BT Buildings 64.2 -0.2 +0.2
43BTC New buildings 24.6 -0.2 -0.5
43BTR Existing buildings 39.6 -0.1 +0.8
43TP Specialised works for civil engineering 9.5 -0.2 -1.9
BT Buildings (41.2 + 43BT) 74.3 -0.1 +0.2
TP Public works (42 + 43TP) 25.7 -0.3 -2.4
  • Source: INSEE

tablo2 – Items of producer cost indices for construction

In %
Items of producer cost indices for construction
Costs items Q4 15 / Q3 15 Feb. 16/ Jan. 16 Feb. 16 / Feb. 15
Equipment Buildings +2.7 +0.2 +3.1
Public works -0.3 +0.1 -0.2
Labour Labour costs in construction +1.9 /// ///
Energy Buildings -4.2 -0.9 -13.3
Public works -5.6 -0.6 -16.2
Materials Construction of buildings -1.5 -0.5 -4.2
Existing buildings -0.8 -0.4 -2.2
Civil engineering -4.9 -1.1 -7.2
Specialised works for civil engineering -1.1 -0.6 -1.4
Services Construction -1.0 +0.1 -0.3
Transport Buildings -0.7 -0.2 -2.3
Public works +1.0 0.0 +1.4
  • Source: INSEE

GRCoutUK – Production costs in construction

  • Source: INSEE

In February 2016, material costs decreased sharply in civil engineering (−1.1%); over a year, they slumped by 7.2%. Costs of materials also shrank in construction of buildings (−0.5% in February) and in renovation of existing buildings (−0.4%). These decreases were mainly explained by the drop in prices of ribbed bars (−5.9%) and of electric wire (−2.1%). Costs in specialised construction activities decreased by 0.6% notably due to the fall in prices of ribbed bars (−5.9%), of cement (−0.8%) and of gravel and sand (−0.5%).

GRMUK – Materials costs

  • Source: INSEE

Equipment costs recovered slightly

In February 2016, equipment costs recovered slightly in construction of buildings (+0.2% after −0.4%).

They were virtually stable in public works (+0.1% after 0.0%) because prices of rental of civil engineering machinery and equipment were flat.

GRKUK – Equipment cost

  • Source: INSEE

GRtravailUK – Labour cost in construction

  • Source: INSEE

Energy costs diminished again

In February 2016, the costs of energy declined again in building construction (−0.9%) due to the fall in prices of road diesel fuel.

In public works, they decreased less (−0.6%) since the 0.5% increase in the price of non-road diesel (+0.5%) partly offset the decline in price heavy fuel oil (−2.1%).

GRenergie – Energy cost

  • Source: INSEE

revision – Measure of variations' revisions

(in percentage points)
Measure of variations' revisions
Nov. 15 Dec. 15 Jan. 16
F Construction 0.2 -0.2 0.1
41.2 Construction of buildings /// /// -0.1
42 Civil engineering 0.1 -0.1 ///
43 Specialised construction works /// /// ///
  • How to read it: producer cost variation for construction in January 2016 published in April 2016 has been updated from −0.2% to −0.1%, that is to say an upward revision by 0.1 points.
  • Source: INSEE