Informations Rapides ·
30 November 2023 · n° 310
In Q3 2023, prices of buildings' maintenance and improvement works were up by 0.3%
over a quarter and by 4.5% over a year Buildings maintenance and improvement price index - third quarter 2023
Slight rise over a quarter
In Q3 2023, buildings’ maintenance and improvement work prices –IPEA– went modestly up over a quarter (+0.3% after +0.2% in Q2 2023 and +2.3% in Q1 2023), both in the residential sector and in the non-residential sector (+0.3% for each of them).
Prices kept rising sharply in plastering (+0.9% after +0.7%), floor and wall covering (+0.7% after +0.8%) and “other construction installation” (+0.6% after +0.7%). They bounced back in joinery installation (+0.6% after ‑0.4%).
Prices rose more slightly for roofing, (+0.5% after +0.4%), plumbing, heat and air-conditioning installation (+0.5% after +0.3%), and for painting and glazing (+0.5% after a stability).
Prices in electrical installation stayed almost stable (+0.1% after +0.0%), and those in “other specialised construction activities” fell back slightly (‑0.2% after +0.2%).
Slowdown over a year
Year on year, buildings' maintenance and improvement work prices slowed down again (+4.5% in Q3 2023 after +6.3% in the previous quarter). The price rise over a year was slightly more marked in the residential sector (+4.6%) than in the non-residential sector (+4.4%).
Over a year, prices slowed down for every work categories. This slowdown was very marked in the “other specialised construction activities” (+3.2% after +6.4%), in joinery installation (+5.1 after +7.9), as well as in the floor and wall covering (+4.9% after 6.9%).
The rise was slightly more moderate in “other construction installation” (+4.2% after +5.6%), painting and glazing (+5.0% after 6.5%), in roofing (+5.7% after +7.2%), and in plumbing, heat and air-conditioning installation (+5.2% after +6.1%).
At last, the year-on-year slowdown of prices was very moderate in electrical installation (+3.7% after +4.0%), as well as in plastering (+5.9% after +6.1%).
Revisions
The quarterly evolution in the IPEA for the second quarter of 2023 has been revised upwards by 0.2 points at +0.2%.
tableauBuildings' maintenance and improvement work price index
| IPEA | IPEA residential | IPEA non residential | |
|---|---|---|---|
| 2023-Q3 | 127.2 | 127.8 | 126.2 |
| 2023-Q2 | 126.8 | 127.4 | 125.8 |
| 2023-Q1 | 126.6 | 127.4 | 125.2 |
| 2022-Q4 | 123.7 | 124.4 | 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 %) | Q3 2023 | Q/Q-1 (1) | Q/Q-4 (2) | |
|---|---|---|---|---|
| Buildings maintenance and improvement work price index (IPEA) | 100.0 | 127.2 | 0.3 | 4.5 |
| Residential buildings | 62.4 | 127.8 | 0.3 | 4.6 |
| Non-residential buildings | 37.6 | 126.2 | 0.3 | 4.4 |
| All buildings by type of work | ||||
| 4321 - Electrical installation | 18.3 | 119.1 | 0.1 | 3.7 |
| 4322 - Plumbing. heat and air-conditioning installation | 20.1 | 129.8 | 0.5 | 5.2 |
| 4329 - Other construction installation | 5.8 | 111.7 | 0.6 | 4.2 |
| 4331 - Plastering | 3.3 | 135.6 | 0.9 | 5.9 |
| 4332 - Joinery installation | 18.2 | 140.1 | 0.6 | 5.1 |
| 4333 - Floor and wall covering | 4.2 | 120.6 | 0.7 | 4.9 |
| 4334 - Painting and glazing | 7.4 | 118.6 | 0.5 | 5.0 |
| 4391 - Roofing | 5.9 | 139.2 | 0.5 | 5.7 |
| 4399 - Other specialised construction activities | 16.7 | 123.8 | -0.2 | 3.2 |
- (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: 29 February 2024 at 12.00 p.m.
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