Informations Rapides ·
31 May 2023 · n° 143In Q1 2023, prices of buildings' maintenance and improvement works rose by 2.3% over
a quarter and by 8.9% over a year Buildings maintenance and improvement price index - first quarter 2023
2.3% rise over a quarter
In Q1 2023, buildings’ maintenance and improvement work prices – IPEA – started accelerating again (+2.3% over a quarter, after +1.6% in Q4 2022 and +2.0% in Q3). Prices went up at almost the same rate in the residential sector (+2.4%) and in the non-residential sector (+2.3%).
Prices rose markedly in “other construction installation” (+3.5% after -0.8%), roofing (+3.0% after +2.0%), electrical installation (+2.9% after +0.5%), and plumbing, heat and air-conditioning installation (+2.9% after +1.1%).
Prices rose slightly more moderately in painting and glazing (+2.5% after +1.7%), plastering (+2.1% after +2.0%) and joinery installation (+2.1% after +2.9%). Lastly, prices rose more modestly and decelerated for floor and wall covering (+1.6% after +2.0%) and for “other specialised construction activities” (+1.0% after +2.3%).
8.9% rise over a year
Year on year, buildings' maintenance and improvement work prices went up by 8.9% in Q1 2023 (after +9.7% in the previous quarter). The year-on-year rise was higher in the residential sector (+9.5%) than in the non-residential sector (+7.7%).
Prices soared in joinery installation (+12.2% after +15.0%), roofing (+10.5% after 10.8%), “other specialised construction activities” (+9.2% after +11.0%), floor and wall covering (+8.9% after +9.3%) and plumbing, heat and air-conditioning installation (+8.8% after +10.7%). Prices rose at a more moderate pace in painting and glazing (+8.5% after +7.3%) and plastering (+8.1% after +8.5%), and even less in “other construction installation” (+6.2% after +3.3%) and in electrical installation (+5.1% after +4.3%).
The evolution in the IPEA between the third and the fourth quarter of 2022 has not been revised (after rounding): +1.6%.
tableauBuildings' maintenance and improvement work price index
|IPEA||IPEA residential||IPEA non residential|
graphiqueBuildings' maintenance and improvement work price index
tableauBuildings’ maintenance and improvement work price index
|Weights (in %)||Q1 2023||Q/Q-1 (1)||Q/Q-4 (2)|
|Buildings maintenance and improvement work price index (IPEA)||100.0||126.6||2.3||8.9|
|All buildings by type of work|
|4321 - Electrical installation||18.3||118.8||2.9||5.1|
|4322 - Plumbing. heat and air-conditioning installation||20.1||128.4||2.9||8.8|
|4329 - Other construction installation||5.8||110.0||3.5||6.2|
|4331 - Plastering||3.3||133.3||2.1||8.1|
|4332 - Joinery installation||18.2||140.1||2.1||12.2|
|4333 - Floor and wall covering||4.2||119.2||1.6||8.9|
|4334 - Painting and glazing||7.4||117.8||2.5||8.5|
|4391 - Roofing||5.9||138.4||3.0||10.5|
|4399 - Other specialised construction activities||16.7||123.9||1.0||9.2|
- (1) index of the last quarter compared to that of the previous quarter (in %)
- (2) index of the last quarter compared to that of the same period of the previous year (in %)
- Source: INSEE
For more information
The buildings’ maintenance and improvement work price index (IPEA) is a quarterly index which measures the evolution of prices (net of taxes) charged by construction enterprises (including artisanal forms) for their maintenance and improvement works in residential and non-residential buildings during the quarter under review.
The IPEA indices are not seasonally nor working-day adjusted.
Next issue: 31 August 2023 at 12.00 p.m.