Informations Rapides ·
24 September 2024 · n° 241
In Q2 2024, production costs in construction rose by 0.4% over a quarter and by 1.4%
over a year Costs of production indices in construction - second quarter 2024
In Q2 2024, the production costs in construction rose by 0.4% over a quarter, after +0.1% in the previous quarter. They bounced back in civil engineering (+0.7% after -0.5%) due to the rise of labour costs (+0.7% after +0.4%) and materials costs (+2.6% after -2.4%), partially offset by the fall of energy costs (-7.7% after -2.5%). Production costs sped up in building construction (+0.4% after +0.1%) and slightly in specialised construction works (+0.4% after +0.3%) which driven by miscellaneous costs (+0.9% after -0.2%)
Year on year, the production costs in construction continued to rise (+1.4%, as in previous quarter). They rose in building construction (+1.0%, as in previous quarter) as in civil engineering (+1.4% after +1.3%) and in specialized construction works (+1.4% after +1.5%).
In Q2 2024, the production costs in construction rose by 0.4% over a quarter, after +0.1% in the previous quarter. They bounced back in civil engineering (+0.7% after -0.5%) due to the rise of labour costs (+0.7% after +0.4%) and materials costs (+2.6% after -2.4%), partially offset by the fall of energy costs (-7.7% after -2.5%). Production costs sped up in building construction (+0.4% after +0.1%) and slightly in specialised construction works (+0.4% after +0.3%) which driven by miscellaneous costs (+0.9% after -0.2%)
Year on year, the production costs in construction continued to rise (+1.4%, as in previous quarter). They rose in building construction (+1.0%, as in previous quarter) as in civil engineering (+1.4% after +1.3%) and in specialized construction works (+1.4% after +1.5%).
tableauVariations in producer costs in construction
| Heading | Weights | Q2 2024/ Q1 2024 | Q2 2024/ Q2 2023 |
|---|---|---|---|
| F Construction | 100.0 | 0.4 | 1.4 |
| By NAF division: | |||
| 41.2 Construction of buildings | 7.2 | 0.4 | 1.0 |
| 42 Civil engineering | 19.3 | 0.7 | 1.4 |
| 43 Specialised construction works | 73.4 | 0.4 | 1.4 |
| 43BT Buildings | 63.8 | 0.4 | 1.2 |
| 43BTC New buildings | 24.2 | 0.3 | 0.9 |
| 43BTR Existing buildings | 39.6 | 0.4 | 1.4 |
| 43TP Specialised works for civil engineering | 9.6 | 0.0 | 2.1 |
| By business sector: | |||
| Buildings (41.2 + 43BT) | 71.0 | 0.4 | 1.2 |
| Public works (42 + 43TP) | 29.0 | 0.4 | 1.7 |
- Source: INSEE.
tableauProduction costs in construction
| Construction | Construction of buildings | Civil engineering | Specialised construction works | |
|---|---|---|---|---|
| 2024-06 | 112.7 | 113.0 | 114.4 | 112.2 |
| 2024-05 | 112.7 | 113.0 | 114.8 | 112.2 |
| 2024-04 | 112.6 | 112.8 | 114.5 | 112.1 |
| 2024-03 | 112.3 | 112.5 | 114.1 | 111.8 |
| 2024-02 | 112.3 | 112.6 | 113.7 | 111.9 |
| 2024-01 | 112.0 | 112.4 | 113.5 | 111.6 |
| 2023-12 | 111.8 | 112.3 | 113.5 | 111.3 |
| 2023-11 | 112.0 | 112.4 | 114.4 | 111.4 |
| 2023-10 | 112.3 | 112.6 | 115.2 | 111.6 |
| 2023-09 | 112.2 | 112.5 | 114.7 | 111.5 |
| 2023-08 | 111.9 | 112.5 | 113.5 | 111.5 |
| 2023-07 | 111.6 | 112.3 | 113.0 | 111.2 |
| 2023-06 | 111.2 | 112.0 | 112.6 | 110.8 |
| 2023-05 | 111.0 | 111.7 | 113.2 | 110.5 |
| 2023-04 | 111.2 | 111.8 | 113.3 | 110.7 |
| 2023-03 | 110.9 | 111.7 | 112.7 | 110.4 |
| 2023-02 | 110.6 | 111.4 | 112.0 | 110.2 |
| 2023-01 | 110.3 | 111.0 | 112.1 | 109.7 |
| 2022-12 | 109.3 | 110.0 | 111.0 | 108.8 |
| 2022-11 | 109.3 | 109.9 | 111.3 | 108.8 |
| 2022-10 | 109.2 | 109.5 | 112.0 | 108.6 |
| 2022-09 | 108.9 | 109.1 | 112.8 | 108.0 |
| 2022-08 | 109.2 | 109.4 | 112.8 | 108.3 |
| 2022-07 | 109.3 | 109.6 | 112.9 | 108.4 |
| 2022-06 | 108.7 | 108.8 | 112.5 | 107.7 |
| 2022-05 | 107.7 | 108.0 | 111.1 | 106.8 |
| 2022-04 | 107.0 | 107.0 | 111.3 | 106.0 |
| 2022-03 | 105.7 | 105.7 | 108.7 | 104.9 |
| 2022-02 | 104.2 | 104.6 | 105.8 | 103.8 |
| 2022-01 | 103.4 | 103.7 | 105.0 | 103.0 |
| 2021-12 | 102.1 | 102.3 | 103.4 | 101.8 |
| 2021-11 | 102.1 | 102.3 | 103.6 | 101.8 |
| 2021-10 | 101.6 | 101.8 | 102.5 | 101.4 |
| 2021-09 | 101.0 | 101.2 | 101.5 | 100.9 |
| 2021-08 | 100.7 | 100.8 | 100.8 | 100.6 |
| 2021-07 | 100.2 | 100.2 | 100.3 | 100.1 |
| 2021-06 | 99.3 | 99.3 | 99.2 | 99.3 |
| 2021-05 | 99.0 | 98.9 | 98.6 | 99.1 |
| 2021-04 | 98.9 | 98.7 | 98.6 | 99.0 |
| 2021-03 | 98.8 | 98.6 | 98.2 | 99.0 |
| 2021-02 | 98.4 | 98.2 | 97.0 | 98.7 |
| 2021-01 | 97.9 | 97.7 | 96.4 | 98.3 |
graphiqueProduction costs in construction
- Source: INSEE.
tableauBreakdown of production costs in construction
| Business sector | Production factor | Weights | Q2 2024/ Q1 2024 | Q2 2024/ Q2 2023 |
|---|---|---|---|---|
| Buildings (41.2 + 43BT) | Machinery for structural work in building construction | 2.6 | 0.1 | 2.2 |
| Machinery for finishing work in building construction | 2.3 | -1.7 | 0.5 | |
| Labour | 52.6 | 0.7 | 3.0 | |
| Energy | 0.9 | -2.7 | 0.6 | |
| Materials in construction of buildings | 16.1 | 0.0 | -2.0 | |
| Materials in renovation of buildings | 13.7 | 0.0 | -2.0 | |
| Miscellaneous costs | 9.5 | 0.9 | 0.7 | |
| Transport | 2.2 | -0.3 | 2.1 | |
| Public works (42 + 43TP) | Machinery | 19.8 | 0.6 | 2.1 |
| Labour | 33.8 | 0.7 | 2.1 | |
| Energy | 6.0 | -7.7 | -3.6 | |
| Materials in civil engineering | 19.3 | 2.6 | 0.6 | |
| Materials in specialised works for civil engineering | 9.7 | -0.2 | -0.9 | |
| Miscellaneous costs | 3.8 | 0.9 | 0.7 | |
| Transport | 5.9 | -0.5 | 4.0 | |
| Waste | 1.7 | 1.9 | 3.6 |
- Note: the labour costs in construction changes are calculated using the labour cost index LCI – hourly costs in the construction sector. Further information about Labour cost index in industry, construction and services are available at the bottom of the publication webpage.
- Source: INSEE.
tableauProduction costs in buildings
| Materials in construction | Materials in renovation | All buildings | Energy | Miscellaneous costs | |
|---|---|---|---|---|---|
| 2024-06 | 118.5 | 118.3 | 112.0 | 117.7 | 112.9 |
| 2024-05 | 119.0 | 118.7 | 111.9 | 119.2 | 112.6 |
| 2024-04 | 118.5 | 118.3 | 111.7 | 123.4 | 112.5 |
| 2024-03 | 118.3 | 118.1 | 111.5 | 124.0 | 111.8 |
| 2024-02 | 118.8 | 118.6 | 111.6 | 125.6 | 112.1 |
| 2024-01 | 118.9 | 118.7 | 111.3 | 120.6 | 111.2 |
| 2023-12 | 118.6 | 118.4 | 111.2 | 122.1 | 112.2 |
| 2023-11 | 119.6 | 119.4 | 111.2 | 126.6 | 111.2 |
| 2023-10 | 120.0 | 119.7 | 111.4 | 131.5 | 112.4 |
| 2023-09 | 120.5 | 120.3 | 111.3 | 132.9 | 111.6 |
| 2023-08 | 120.7 | 120.4 | 111.4 | 127.7 | 113.6 |
| 2023-07 | 120.8 | 120.5 | 111.1 | 118.3 | 113.9 |
| 2023-06 | 121.0 | 120.8 | 110.7 | 117.3 | 111.9 |
| 2023-05 | 120.9 | 120.8 | 110.4 | 116.4 | 111.9 |
| 2023-04 | 121.2 | 121.1 | 110.5 | 124.5 | 111.9 |
| 2023-03 | 121.9 | 121.8 | 110.3 | 127.2 | 110.7 |
| 2023-02 | 121.7 | 121.6 | 110.0 | 128.2 | 110.5 |
| 2023-01 | 121.2 | 121.1 | 109.5 | 132.2 | 109.0 |
| 2022-12 | 119.1 | 119.4 | 108.7 | 123.2 | 109.7 |
| 2022-11 | 119.4 | 119.7 | 108.6 | 130.0 | 108.6 |
| 2022-10 | 119.3 | 119.6 | 108.3 | 129.7 | 108.1 |
| 2022-09 | 119.6 | 119.9 | 107.9 | 120.7 | 107.4 |
| 2022-08 | 120.0 | 120.3 | 108.2 | 129.5 | 109.8 |
| 2022-07 | 120.6 | 121.2 | 108.3 | 138.5 | 109.7 |
| 2022-06 | 119.6 | 120.2 | 107.5 | 144.5 | 106.4 |
| 2022-05 | 118.8 | 119.3 | 106.7 | 131.4 | 105.1 |
| 2022-04 | 116.2 | 116.7 | 105.8 | 129.2 | 104.6 |
| 2022-03 | 112.8 | 113.0 | 104.6 | 139.5 | 102.7 |
| 2022-02 | 110.8 | 110.9 | 103.7 | 118.8 | 102.7 |
| 2022-01 | 109.1 | 109.2 | 102.9 | 112.6 | 101.7 |
| 2021-12 | 105.9 | 106.0 | 101.9 | 106.8 | 101.6 |
| 2021-11 | 105.9 | 106.0 | 101.8 | 109.0 | 101.1 |
| 2021-10 | 104.6 | 104.8 | 101.4 | 107.9 | 100.7 |
| 2021-09 | 103.4 | 103.6 | 100.9 | 101.4 | 100.3 |
| 2021-08 | 102.3 | 102.4 | 100.6 | 100.2 | 101.6 |
| 2021-07 | 100.6 | 100.8 | 100.1 | 100.8 | 101.5 |
| 2021-06 | 98.6 | 98.6 | 99.3 | 98.9 | 100.0 |
| 2021-05 | 97.2 | 97.1 | 99.1 | 97.2 | 99.4 |
| 2021-04 | 96.4 | 96.3 | 98.9 | 96.1 | 98.5 |
| 2021-03 | 95.8 | 95.6 | 99.0 | 96.9 | 98.4 |
| 2021-02 | 95.2 | 95.0 | 98.7 | 94.1 | 98.6 |
| 2021-01 | 94.0 | 93.8 | 98.3 | 90.9 | 98.3 |
graphiqueProduction costs in buildings
- Source: INSEE.
tableauProduction costs in public works
| Materials in civil engineering | Materials in specialised works | All public works | Machinery | Energy | Transport | |
|---|---|---|---|---|---|---|
| 2024-06 | 119.9 | 118.7 | 114.6 | 116.1 | 118.3 | 112.1 |
| 2024-05 | 121.5 | 119.0 | 114.8 | 116.0 | 119.3 | 112.1 |
| 2024-04 | 119.8 | 119.4 | 114.8 | 116.1 | 126.8 | 112.1 |
| 2024-03 | 118.4 | 119.0 | 114.5 | 115.6 | 129.4 | 112.7 |
| 2024-02 | 117.0 | 119.6 | 114.4 | 115.3 | 132.7 | 112.7 |
| 2024-01 | 116.8 | 119.2 | 114.0 | 115.2 | 132.7 | 112.7 |
| 2023-12 | 117.0 | 117.2 | 113.4 | 115.4 | 133.8 | 110.0 |
| 2023-11 | 120.4 | 118.0 | 114.0 | 114.2 | 136.6 | 110.0 |
| 2023-10 | 123.4 | 117.6 | 114.6 | 114.5 | 134.6 | 110.0 |
| 2023-09 | 122.4 | 117.9 | 114.4 | 114.7 | 135.3 | 108.2 |
| 2023-08 | 119.7 | 117.9 | 113.4 | 114.1 | 127.5 | 108.2 |
| 2023-07 | 119.4 | 118.4 | 112.9 | 114.1 | 119.8 | 108.2 |
| 2023-06 | 119.1 | 119.7 | 112.5 | 113.6 | 118.3 | 107.8 |
| 2023-05 | 120.5 | 119.9 | 112.8 | 113.5 | 124.6 | 107.8 |
| 2023-04 | 119.4 | 120.9 | 113.2 | 113.9 | 135.2 | 107.8 |
| 2023-03 | 117.9 | 121.6 | 112.7 | 110.9 | 144.3 | 107.2 |
| 2023-02 | 116.8 | 121.8 | 112.2 | 110.5 | 144.1 | 107.2 |
| 2023-01 | 114.8 | 121.1 | 112.4 | 110.8 | 160.9 | 107.2 |
| 2022-12 | 113.7 | 116.8 | 110.8 | 109.0 | 155.7 | 106.8 |
| 2022-11 | 115.0 | 117.9 | 111.2 | 108.9 | 160.0 | 106.8 |
| 2022-10 | 114.9 | 118.2 | 111.8 | 108.9 | 177.8 | 106.8 |
| 2022-09 | 117.5 | 117.4 | 111.5 | 108.8 | 182.8 | 106.4 |
| 2022-08 | 118.9 | 118.4 | 111.7 | 108.3 | 178.2 | 106.4 |
| 2022-07 | 122.9 | 118.2 | 111.9 | 108.3 | 162.2 | 106.4 |
| 2022-06 | 124.7 | 118.5 | 111.6 | 105.2 | 162.8 | 104.6 |
| 2022-05 | 122.3 | 117.3 | 110.0 | 105.1 | 150.8 | 104.6 |
| 2022-04 | 121.3 | 114.2 | 109.8 | 105.3 | 161.2 | 104.6 |
| 2022-03 | 114.3 | 110.6 | 108.4 | 103.2 | 166.2 | 101.2 |
| 2022-02 | 110.0 | 108.6 | 105.4 | 103.4 | 137.8 | 101.2 |
| 2022-01 | 107.3 | 108.2 | 104.6 | 102.9 | 141.2 | 101.2 |
| 2021-12 | 105.4 | 103.0 | 102.7 | 101.6 | 128.7 | 101.2 |
| 2021-11 | 106.4 | 103.2 | 102.8 | 101.3 | 127.5 | 100.4 |
| 2021-10 | 104.2 | 102.7 | 102.1 | 101.2 | 118.9 | 100.4 |
| 2021-09 | 103.8 | 102.9 | 101.3 | 100.9 | 103.8 | 100.4 |
| 2021-08 | 102.7 | 102.5 | 100.7 | 100.5 | 97.4 | 100.5 |
| 2021-07 | 101.4 | 101.1 | 100.3 | 100.6 | 95.1 | 100.5 |
| 2021-06 | 98.7 | 99.6 | 99.4 | 100.1 | 91.6 | 100.5 |
| 2021-05 | 97.7 | 98.2 | 98.8 | 99.6 | 89.2 | 99.5 |
| 2021-04 | 97.5 | 97.5 | 98.8 | 100.1 | 87.5 | 99.5 |
| 2021-03 | 95.9 | 97.1 | 98.6 | 99.9 | 88.8 | 99.5 |
| 2021-02 | 93.9 | 96.4 | 97.5 | 97.1 | 87.8 | 98.8 |
| 2021-01 | 92.4 | 95.7 | 96.9 | 97.1 | 83.5 | 98.8 |
graphiqueProduction costs in public works
- Source: INSEE.
Revision
For the first quarter of 2024, the quarterly change of the construction production cost index has been revised downwards by 0.3 points to +0.1%, instead of the +0.4% published in June 2024.
For further information
Monthly production cost indices are released every three months.
These indices aggregate the cost indices of six or seven factors of production: capital, labour, energy, materials, services, transport and wastes (only for public works).
These indices are subject to revision. They are primarily used as inputs for the national accounts and macroeconomics analyses.
Next issue: end of December 2024.
Documentation
Pour en savoir plus
Monthly production cost indices are released every three months.
These indices aggregate the cost indices of six or seven factors of production: capital, labour, energy, materials, services, transport and wastes (only for public works).
These indices are subject to revision. They are primarily used as inputs for the national accounts and macroeconomics analyses.
Next issue: end of December 2024.
Time series: Producer costs indices for construction
Informations Rapides: Labour cost index (LCI) – Detailed results