The construction price index, a key indicator of cost variations in the sector, showed a slight rise at the start of 2023. Here’s a look at price trends...
Compared to end-2022, the index rose by 1.1% in the first quarter, from 131.1 to 132.6. This increase is generating considerable interest among economic players, highlighting a complex dynamic.
Labour expenses rose by 4.5%, driven by salary adjustments and growing demand for skills. Rental of equipment is up 2.7%, reflecting greater demand for equipment. The cost of materials varied by 0.1%, with higher prices for aggregates, pre-mixed concrete, aluminium openings, tiles, and granite. Price falls for steel bars (-0.6%), wood joinery (-1.4%) and plumbing (-0.7%) in January 2023 alter this trend.
A critical perspective relates to the import and sale of cement, a key component of the sector. The State Trading Corporation’s ambitious initiative aimed at importing cement at more competitive prices is pending, with the potential to remodel price dynamics and stimulate healthy competition in the sector.
