Informations Rapides ·
31 May 2023 · n° 143
In 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%).
Revisions
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 | |
|---|---|---|---|
| 2023-Q1 | 126.6 | 127.5 | 125.2 |
| 2022-Q4 | 123.7 | 124.5 | 122.4 |
| 2022-Q3 | 121.7 | 122.2 | 120.9 |
| 2022-Q2 | 119.3 | 119.6 | 118.9 |
| 2022-Q1 | 116.3 | 116.4 | 116.3 |
| 2021-Q4 | 112.8 | 112.5 | 113.2 |
| 2021-Q3 | 110.7 | 110.7 | 110.8 |
| 2021-Q2 | 109.3 | 109.3 | 109.3 |
| 2021-Q1 | 107.2 | 107.2 | 107.2 |
| 2020-Q4 | 105.6 | 105.7 | 105.4 |
| 2020-Q3 | 105.4 | 105.5 | 105.3 |
| 2020-Q2 | 105.4 | 105.5 | 105.3 |
| 2020-Q1 | 105.1 | 105.2 | 105.1 |
| 2019-Q4 | 104.7 | 104.8 | 104.6 |
| 2019-Q3 | 104.5 | 104.6 | 104.5 |
| 2019-Q2 | 104.3 | 104.4 | 104.2 |
| 2019-Q1 | 104.0 | 104.1 | 103.8 |
| 2018-Q4 | 103.1 | 103.2 | 103.0 |
| 2018-Q3 | 103.1 | 103.0 | 103.1 |
| 2018-Q2 | 103.0 | 103.0 | 102.9 |
| 2018-Q1 | 102.6 | 102.8 | 102.2 |
| 2017-Q4 | 102.0 | 102.2 | 101.8 |
| 2017-Q3 | 101.8 | 102.0 | 101.4 |
| 2017-Q2 | 101.6 | 101.7 | 101.4 |
| 2017-Q1 | 101.4 | 101.4 | 101.4 |
| 2016-Q4 | 101.0 | 101.0 | 101.2 |
| 2016-Q3 | 100.9 | 100.8 | 100.9 |
| 2016-Q2 | 100.8 | 100.7 | 100.9 |
| 2016-Q1 | 100.5 | 100.4 | 100.6 |
| 2015-Q4 | 100.0 | 100.0 | 100.0 |
| 2015-Q3 | 100.1 | 100.1 | 100.1 |
| 2015-Q2 | 100.0 | 100.0 | 100.0 |
| 2015-Q1 | 99.9 | 99.9 | 100.0 |
graphiqueBuildings' maintenance and improvement work price index
- Source: INSEE.
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 |
| Residential buildings | 62.4 | 127.5 | 2.4 | 9.5 |
| Non-residential buildings | 37.6 | 125.2 | 2.3 | 7.7 |
| 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.
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