21 June 2016
2016- n° 160In March 2016, producer costs for construction increased slightly (+0.3%) Costs of production indices in construction - March 2016
In March 2016, producer costs in construction rose slightly (+0.3%). Prices increased by 0.3% in construction of buildings, and in civil engineering and by 0.4% in specialised construction works.
In March 2016, producer costs in construction rose slightly (+0.3%). Prices increased by 0.3% in construction of buildings, and in civil engineering and by 0.4% in specialised construction works.
Over a year, producer costs in construction continued to decline (−0.5% like the previous month) mostly driven by a significant fall in civil engineering (−3.4%). They decreased more moderately in construction of buildings (−0.4%). They rose slightly in specialised construction works (+0.2%).
tableautablo1 – Variations in producer cost indices for construction
| NAF | Heading | Weights (in %) | Mar. 16/ Feb. 16 | Mar. 16 / Mar. 15 |
|---|---|---|---|---|
| F | Construction | 100.0 | +0.3 | -0.5 |
| 41.2 | Construction of buildings | 10.1 | +0.3 | -0.4 |
| 42 | Civil engineering | 16.2 | +0.3 | -3.4 |
| 43 | Specialised construction works | 73.7 | +0.4 | +0.2 |
| 43BT | Buildings | 64.2 | +0.3 | +0.5 |
| 43BTC | New buildings | 24.6 | +0.3 | -0.3 |
| 43BTR | Existing buildings | 39.6 | +0.4 | +1.0 |
| 43TP | Specialised works for civil engineering | 9.5 | +0.4 | -2.2 |
| BT | Buildings (41.2 + 43BT) | 74.3 | +0.4 | +0.5 |
| TP | Public works (42 + 43TP) | 25.7 | +0.4 | -2.9 |
- Source: INSEE
tableautablo2 – Items of producer cost indices for construction
| Costs | items | Q1 16 / Q4 15 | Mar. 16/ Feb. 16 | Mar. 16 / Mar. 15 | |
|---|---|---|---|---|---|
| Equipment | Buildings | -1.6 | 0.0 | +1.6 | |
| Public works | -0.4 | +0.1 | -0.2 | ||
| Labour | Labour costs in construction | +1.5 | /// | +2.6 | |
| Energy | Buildings | -5.4 | +3.4 | -12.9 | |
| Public works | -5.0 | +4.2 | -13.8 | ||
| Materials | Construction of buildings | -1.8 | -0.1 | -4.2 | |
| Existing buildings | -0.9 | +0.1 | -2.0 | ||
| Civil engineering | -5.0 | 0.0 | -10.1 | ||
| Specialised works for civil engineering | -0.5 | -0.6 | -1.8 | ||
| Services | Construction | 0.0 | +0.1 | 0.0 | |
| Transport | Buildings | -0.9 | +0.6 | -2.4 | |
| Public works | 0.0 | 0.0 | +1.4 | ||
- ///: non published estimation
- Source: INSEE
graphiqueGRCoutUK – Production costs in construction
- Source: INSEE
The fall in prices of materials costs eased
In March 2016, material costs were stable in civil engineering, after an uninterrupted decrease since July 2015; over a year, however they fell down by 10.1%.
Likewise, material costs almost stabilised in construction of buildings (−0.1% after −0.5%) and in renovation of existing buildings (+0.1% after −0.4%). On the other hand, in specialised works for civil engineering, these costs still declined (−0.6%, like in the previous month), due to the fall in prices of iron tubes (−3.7%) and of transformed flat glass for building use (−1.6%).
graphiqueGRMUK – Costs of materials
- Source: INSEE
Equipment costs were flat
In March 2016, equipment costs were virtually stable in civil engineering (+0.1% after 0.0%).
They were stable in building construction (+0.0% after +0.1%) with unchanged prices of rental of civil engineering machinery and equipment.
graphiqueGRKUK – Equipment cost
- Source: INSEE
graphiqueGRtravailUK – Labour cost in construction
- Source: INSEE
Energy costs recovered
In March 2016, the costs of energy bounced back in building construction (+3.4% after −0.9% in February) due to the rise in prices of road diesel fuel (+3.4%).
In public works, they recovered even more (+4.2%), the increase in the price of non-road diesel (+9.2%) being stronger.
graphiqueGRenergie – Energy cost
- Source: INSEE
tableaurevision – Measure of variations' revisions
| Dec. 15 | Jan. 16 | Feb. 16 | ||
|---|---|---|---|---|
| F | Construction | −0.1 | −0.1 | 0.3 |
| 41.2 | Construction of buildings | −0.1 | /// | 0.2 |
| 42 | Civil engineering | −0.1 | /// | 0.2 |
| 43 | Specialised construction works | −0.1 | −0.1 | 0.2 |
- How to read it: producer cost variation for construction in February 2016 published in May 2016 has been updated from −0.2% to +0.1%, that is to say an upward revision by 0.3 points.
- Source: INSEE
Pour en savoir plus
Time series : Producer cost indices for construction
