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.
tableau tablo1 – Variations in producer cost indices for construction
|NAF||Heading||Weights (in %)||Feb. 16/ Jan. 16||Feb. 16 / Feb. 15|
|41.2||Construction of buildings||10.1||-0.2||-0.7|
|43||Specialised construction works||73.7||-0.1||0.0|
|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
tableau tablo2 – Items of producer cost indices for construction
|Costs||items||Q4 15 / Q3 15||Feb. 16/ Jan. 16||Feb. 16 / Feb. 15|
|Labour||Labour costs in construction||+1.9||///||///|
|Materials||Construction of buildings||-1.5||-0.5||-4.2|
|Specialised works for civil engineering||-1.1||-0.6||-1.4|
- 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%).
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.
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%).
tableau revision – Measure of variations' revisions
|Nov. 15||Dec. 15||Jan. 16|
|41.2||Construction of buildings||///||///||-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