17 March 2017
2017- n° 68In December 2016, producer costs for construction increased (+0.3%) Costs of production indices in construction - December 2016
In December 2016, producer costs for construction increased (+0.3%) after a two-month near stability (+0.1%). Over a year, these costs accelerated (+1.8 % after +1.4%). They were more dynamic in civil engineering (+3.0% after +1.8%) than in building construction (+1.6% after +1.2%) and in specialised construction works (+1.7% after +1.3%).
Warning : Monthly production cost indices in construction will be released on a quarterly basis. The next issue will be published in June 2017 and will present the results of Q1 2017.
In December 2016, producer costs for construction increased (+0.3%) after a two-month near stability (+0.1%). Over a year, these costs accelerated (+1.8 % after +1.4%). They were more dynamic in civil engineering (+3.0% after +1.8%) than in building construction (+1.6% after +1.2%) and in specialised construction works (+1.7% after +1.3%).
tableauTable1 – Variations in producer cost indices for construction
| NAF | Heading | Weights (in %) | Dec 16/ Nov 16 | Dec 16/ Dec 15 |
|---|---|---|---|---|
| F | Construction | 100.0 | +0.3 | +1.8 |
| 41.2 | Construction of buildings | 10.1 | +0.3 | +1.6 |
| 42 | Civil engineering | 16.2 | +0.4 | +3.0 |
| 43 | Specialised construction works | 73.7 | +0.3 | +1.7 |
| 43BT | Buildings | 64.2 | +0.3 | +1.5 |
| 43BTC | New buildings | 24.6 | +0.3 | +1.4 |
| 43BTR | Existing buildings | 39.6 | +0.3 | +1.5 |
| 43TP | Specialised works for civil engineering | 9.5 | +0.4 | +2.9 |
| BT | Buildings (41.2 + 43BT) | 74.3 | +0.2 | +1.4 |
| TP | Public works (42 + 43TP) | 25.7 | +0.4 | +2.9 |
- Source: INSEE
tableauTable2 – Items of producer cost indices for construction
| Costs | items | Q4 16/ Q3 16 | Dec 16/ Nov 16 | Dec 16/ Dec 15 | |
|---|---|---|---|---|---|
| Equipment | Buildings | +0.5 | -0.1 | -1.3 | |
| Public works | 0.0 | 0.0 | +0.4 | ||
| Labour | Labour costs in construction | /// | /// | /// | |
| Energy | Buildings | +3.5 | +1.0 | +8.9 | |
| Public works | +6.4 | +3.9 | +16.8 | ||
| Materials | Construction of buildings | -0.4 | +0.3 | +0.5 | |
| Existing buildings | -0.3 | +0.5 | +0.3 | ||
| Civil engineering | +1.3 | +0.3 | +3.6 | ||
| Specialised works for civil engineering | -0.4 | -0.2 | -0.5 | ||
| Services | Construction | -0.6 | +0.8 | +0.8 | |
| Transport | Buildings | +0.6 | +0.2 | +1.8 | |
| Public works | +0.1 | 0.0 | +0.8 | ||
- ///: non published estimation
- Source: INSEE
graphiqueGraph1 – Production costs in construction
- Source: INSEE
Materials cost rose except in specialised works for civil engineering
In December 2016, materials cost rose by 0.3% in building construction and in civil engineering and by 0.5% in renovation of existing buildings. It continued to decline slightly in specialised works for civil engineering (−0.2% as in the two previous months). Over a year, materials cost accelerated in civil engineering (+3.6% after +1.6%) due to a rise in bitumen prices. It increased in building construction (+0.5%) and in renovation of existing buildings (+0.3%) while it decreased again in specialised works for civil engineering (−0.5% after −0.9%).
graphiqueGraph2 – Materials cost
- Source: INSEE
Equipment cost was virtually stable in building construction and stable in public works
In December 2016, equipment cost was virtually stable in building construction (−0.1% after −0.3%); it decreased by 1.3% yoy. In public works, it was stable over a month (after +0.3% in November) and it increased slightly over a year (+0.4% after 0.0%).
graphiqueGraph3 – Equipment cost
- Source: INSEE
graphiqueGraph4 – Labour cost in construction
- Source: INSEE
Energy cost accelerated sharply in public works
In December 2016, the cost of energy rose again in building construction (+1.0% after +1.3%) and accelerated sharply in public works (+3.9% after +0.4%).
Over a year, the cost of energy jumped in building construction (+8.9% after +5.2%) and in public works (+16.8% after +4.9%) due to a surge in diesel and fuel oil prices.
graphiqueGraph5 – Energy cost
- Source: INSEE
tableauTable3 – Variations' revisions
| Sept. 16 | Oct. 16 | Nov. 16 | ||
|---|---|---|---|---|
| F | Construction | +0.1 | /// | −0.1 |
| 41.2 | Construction of buildings | +0.1 | /// | −0.1 |
| 42 | Civil engineering | +0.1 | −0.1 | /// |
| 43 | Specialised construction works | +0.1 | −0.1 | /// |
- ///: unchanged
- How to read it: the variation in producer cost for construction in November 2016 has been revised downward by 0.1 points, from +0.2% published in January 2017 to +0.1%.
- Source: INSEE
Pour en savoir plus
Time series : Producer cost indices for construction
