27 April 2018
2018- n° 118In February 2018, services output fell back sharply (−1.6%) Index of services production - February 2018
In February 2018, services output fell back (−1.6%) after an increase in January (+1.4%).
The commentary shows variations of subsections by decreasing contribution to the overall variation. The contribution of a subsection depends on the extent of the change and on its weight.
In February 2018, services output fell back (−1.6%) after an increase in January (+1.4%).
Services output increased over the last three months
Over the last three months (December to February), services output rose by 1.2% compared to the previous three months.
It grew in business support (+1.1%), information and communication (+1.6%), transportation and storage (+1.5%), accommodation and food service activities (+1.2%), household services (+1.2%) and real estate activities (+0.9%).
Output grew sharply over a year
In services, the output of the last three months rose sharply year on year (+4.7%), with an increase in all sectors.
Output went up strongly in business support (+5.1%), be it in administrative and business service activities (+6.4%) or in specialised, scientific and technical activities (+4.1%). It also grew sharply in information and communication (+7.2%), transportation and storage (+3.4%), accommodation and food service activities (+5.0%) and household services (+4.6%). It increased more slightly in real estate activities (+0.8%).
graphiqueGraph1 – Index of services production
- Sources: DGFiP, INSEE
tableauTable1 – Variation in the services production
| Change in % | |||||
|---|---|---|---|---|---|
| Nace classification | Weight (1) | Feb./ Jan. | Jan./ Dec. | q-o-q (2) | y-o-y (3) |
| Index of services production | 10000 | –1.6 | 1.4 | 1.2 | 4.7 |
| H Transportation and storage | 1504 | –2.7 | 2.2 | 1.5 | 3.4 |
| I Accommodation and food service activities | 870 | –0.6 | 2.0 | 1.2 | 5.0 |
| J Information and communication | 1635 | 0.0 | 0.6 | 1.6 | 7.2 |
| L Real estate activities | 964 | –1.4 | 4.9 | 0.9 | 0.8 |
| M+N Business support | 4289 | –1.4 | –0.1 | 1.1 | 5.1 |
| M Specialised, scientific and technical activities | 2540 | –0.7 | –0.7 | 0.6 | 4.1 |
| N Administrative and business service activities | 1748 | –2.4 | 0.8 | 1.8 | 6.4 |
| R+S Household services | 738 | –4.9 | 5.4 | 1.2 | 4.6 |
- (1) Weight (10 000 = H…S excepting K, O, P, Q)
- (2) Quarter-on-quarter: last three months / previous three months
- (3) Year-on-year: last three months / same three months of previous year
- Sources: DGFiP, INSEE
Downturn in business support
Almost stable in January, output in business support activities fell back in February 2018 (−1.4% after −0.1%).
It dwindled in administrative and business support activities (−2.4% after +0.8%). It decreased in almost all sub-sectors, especially in employment activities (−2.9%) and in rental and leasing activities (−2.6%).
Output continued to decline in specialised, scientific and technical activities (−0.7% after −0.7%), especially in activities of head offices and management consultancy (−1.6%).
Downturn in transportation and storage
In February 2018, output in transportation and storage fell back (−2.7%) after an increase of 2.2% in January. Output dwindled in land transport (−3.4% after +3.7%) and warehousing and support for transportation (−2.2% after +0.7%). By contrast, it bounced back in postal and courrier activities (+1.9% after −5.0%).
Decrease in household services
After an increase in January, output in household services fell back in February (−4.9% after +5.4%). The decline was more marked in the arts, entertainment and recreation sector (−5.9% after +6.2%) than in “other personal services” (−3.3% after +4.0%).
Downturn in accomodation and food service activities
After an increase in January, output in accommodation and food services fell back in February (−0.6% after +2.0%). It dwindled in food and beverage service activities (−1.3% after +2.5%) and accelerated in accommodation (+1.7% after +0.2%).
Stability in information and communication
Output in information and communication flattened out in February after an increase of 0.6% in January. It grew further in computer programming (+0.7% after +0.1%) and in telecommunications (+1.1% after +0.3%) while it shrank in motion picture, sound recording, music publishing (−5.0% after +6.5%) and in publishing activities (−2.2% after +1.6%).
Revisions
The month-on-month variation rate of the index of services production in January 2018 has been lowered by 0.2 points. Initially published at +1.6%, it has been stated at +1.4%.
tableauTable2 – Variation in the services production
| Change in % | |||||
|---|---|---|---|---|---|
| Weight (1) | Feb. 18 | Feb./ Jan. | Jan./ Dec. | q-o-q (2) | |
| Index of services production | 10000 | 109.0 | –1.6 | 1.4 | 1.2 |
| H transportation and storage | 1504 | 105.5 | –2.7 | 2.2 | 1.5 |
| 49 Land transport… | 715 | 108.8 | –3.4 | 3.7 | 3.0 |
| 50 Water transport | 36 | 110.9 | –7.8 | 13.3 | –8.2 |
| 51 Air transport | 115 | 99.1 | –3.7 | 3.1 | –0.4 |
| 52 Warehousing and support for transportation | 504 | 106.0 | –2.2 | 0.7 | 1.9 |
| 53 Postal and courier activities | 135 | 90.5 | 1.9 | –5.0 | –4.4 |
| I Accomodation and food service activities | 870 | 111.5 | –0.6 | 2.0 | 1.2 |
| 55 Accommodation | 205 | 107.2 | 1.7 | 0.2 | 1.6 |
| 56 Food and beverage service activities | 664 | 112.8 | –1.3 | 2.5 | 1.0 |
| J Information-communication | 1635 | 114.1 | 0.0 | 0.6 | 1.6 |
| 58 Publishing activities | 208 | 107.2 | –2.2 | 1.6 | 1.0 |
| 59 Motion picture, sound recording, music publishing | 119 | 107.0 | –5.0 | 6.5 | 1.9 |
| 60 Programming and broadcasting activities | 71 | 108.5 | 3.7 | –4.0 | 1.6 |
| 61 Telecommunications | 415 | 99.7 | 1.1 | 0.3 | –0.3 |
| 62 Computer programming... | 720 | 124.5 | 0.7 | 0.1 | 2.6 |
| 63 Information services | 102 | 124.8 | –0.9 | 0.5 | 1.4 |
| L Real estate activities | 964 | 102.8 | –1.4 | 4.9 | 0.9 |
| M Specialised, scientific and technical activities | 2540 | 106.3 | –0.7 | –0.7 | 0.6 |
| 69 Legal and accounting activities | 502 | 112.0 | –0.1 | –0.7 | 1.8 |
| 70 Activities of head offices and management consultancy | 739 | 106.8 | –1.6 | –0.6 | 0.4 |
| 71 Architecture and engineering activities | 491 | 106.0 | –0.9 | 1.7 | 2.6 |
| 72 Scientific research and development | 559 | 99.2 | 0.2 | –3.2 | –2.3 |
| 73 Advertising and market research | 146 | 101.2 | –2.2 | –0.6 | 3.3 |
| 74 Other professional, scientific and technical activities | 79 | 124.6 | 1.0 | 0.2 | –0.5 |
| 75 Veterinary activities | 26 | 110.9 | 0.1 | 3.5 | –0.2 |
| N Administrative and business service activities | 1748 | 112.7 | –2.4 | 0.8 | 1.8 |
| 77 Rental and leasing activities | 526 | 110.2 | –2.6 | 2.1 | 0.5 |
| 78 Employment activities | 502 | 124.5 | –2.9 | 0.7 | 4.9 |
| 79 Travel agency, tour operator | 35 | 108.6 | 3.6 | –0.7 | 2.4 |
| 80 Security and investigation | 104 | 107.9 | –4.2 | 2.3 | 0.6 |
| 81 Services to building and landscape anctivities | 245 | 110.1 | –0.4 | –0.3 | 0.7 |
| 82 Other administrative and business support activities | 336 | 102.8 | –2.7 | –0.6 | 0.0 |
| R Arts, entertainment and recreation | 460 | 115.1 | –5.9 | 6.2 | 1.5 |
| S Other personal services | 278 | 104.3 | –3.3 | 4.0 | 0.8 |
- (1) Weight (10 000 = H…S excepting K, O, P, Q)
- (2) Quarter-on-quarter: last three months / previous three months
- Sources: DGFiP, INSEE
tableauTable3 – Revision of variations
| Jan./ Dec. | Dec./ Nov. | Nov./ Oct. | Q4 2017/ Q3 2017 | 2017/ 2016 | |
|---|---|---|---|---|---|
| Services production | –0.17 | –0.07 | –0.02 | 0.00 | 0.03 |
| Raw series | –0.11 | –0.09 | –0.03 | 0.07 | 0.03 |
| SA-WDA parameters | –0.06 | 0.02 | 0.01 | –0.07 | 0.00 |
- How to read: in the services industries, the SA-WDA variation in output between December 2017 and January 2018 is revised by -0.17 points: -0,11 points due to the revisions of raw data and -0,06 points due to the update of SA-WDA parameters
- Sources: DGFiP, INSEE
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