28 August 2020
2020- n° 220In Q2 2020, producer prices for services sold to French businesses decreased by 0.3% Services producer price indices - second quarter 2020
In the 2nd quarter of 2020, producer prices in services sold to French businesses decreased by 0.3% (after +0.2% in the previous quarter). They fell back for the first time since the beginning of 2018, as a consequence of the economic slowdown in the context of the Covid-19 outbreak. Year on year, they slowed down sharply (+0.5% after +1.7%).
- SPPI, production sold to French businesses: –0.3%
- Strong decreases in prices for accommodation-food services and for information-communication services
- Slight decrease in prices for scientific and technical services
- Stabilities in prices for transport and storage services, real estate activities and for administrative and support services
- SPPI, production sold to households in France: –0.1%
- SPPI, production sold on foreign markets: +0.3%
- SPPI (all markets): –0.1%
- For further information
tableauProducer price indices for all services
| Export | French businesses | Households in France | All markets | |
|---|---|---|---|---|
| 2015-Q1 | 100.0 | 99.7 | 99.3 | 99.6 |
| 2015-Q2 | 99.8 | 99.9 | 99.6 | 99.9 |
| 2015-Q3 | 100.7 | 100.1 | 101.6 | 100.5 |
| 2015-Q4 | 99.5 | 100.4 | 99.5 | 100.0 |
| 2016-Q1 | 98.4 | 100.2 | 99.7 | 99.9 |
| 2016-Q2 | 98.5 | 100.6 | 100.0 | 100.3 |
| 2016-Q3 | 99.3 | 100.5 | 101.6 | 100.7 |
| 2016-Q4 | 99.3 | 100.8 | 100.2 | 100.5 |
| 2017-Q1 | 99.2 | 100.6 | 100.7 | 100.5 |
| 2017-Q2 | 99.7 | 101.0 | 101.0 | 100.9 |
| 2017-Q3 | 99.4 | 100.9 | 102.8 | 101.2 |
| 2017-Q4 | 98.9 | 101.6 | 101.1 | 101.2 |
| 2018-Q1 | 98.6 | 101.5 | 101.8 | 101.3 |
| 2018-Q2 | 99.2 | 102.2 | 102.3 | 101.9 |
| 2018-Q3 | 100.3 | 102.4 | 104.2 | 102.7 |
| 2018-Q4 | 99.8 | 102.6 | 101.8 | 102.1 |
| 2019-Q1 | 99.2 | 102.7 | 102.2 | 102.2 |
| 2019-Q2 | 100.4 | 103.6 | 103.0 | 103.1 |
| 2019-Q3 | 101.4 | 103.8 | 105.1 | 103.9 |
| 2019-Q4 | 100.7 | 104.2 | 103.4 | 103.6 |
| 2020-Q1 | 101.0 | 104.4 | 103.2 | 103.7 |
| 2020-Q2 | 101.3 | 104.1 | 103.1 | 103.6 |
graphiqueProducer price indices for all services
- Source: INSEE.
SPPI, production sold to French businesses: –0.3%
In the 2nd quarter of 2020, producer prices in services sold to French businesses decreased by 0.3% (after +0.2% in the previous quarter). They fell back for the first time since the beginning of 2018, as a consequence of the economic slowdown in the context of the Covid-19 outbreak. Year on year, they slowed down sharply (+0.5% after +1.7%).
tableauProducer price indices of services sold to French businesses
| H | J | L | M | N | |
|---|---|---|---|---|---|
| 2015-Q1 | 99.6 | 99.6 | 100.2 | 99.4 | 99.9 |
| 2015-Q2 | 100.4 | 99.9 | 100.0 | 99.6 | 100.0 |
| 2015-Q3 | 100.4 | 99.8 | 99.8 | 99.5 | 99.9 |
| 2015-Q4 | 99.6 | 100.8 | 100.0 | 101.6 | 100.1 |
| 2016-Q1 | 99.4 | 100.2 | 100.7 | 101.4 | 100.3 |
| 2016-Q2 | 99.8 | 100.6 | 101.0 | 101.5 | 100.6 |
| 2016-Q3 | 100.4 | 100.1 | 102.9 | 100.3 | 100.6 |
| 2016-Q4 | 100.3 | 101.0 | 102.2 | 100.8 | 100.7 |
| 2017-Q1 | 100.7 | 100.1 | 102.8 | 100.8 | 100.6 |
| 2017-Q2 | 101.2 | 100.5 | 103.2 | 100.7 | 101.1 |
| 2017-Q3 | 101.5 | 100.0 | 103.1 | 100.4 | 101.2 |
| 2017-Q4 | 102.1 | 101.1 | 104.3 | 101.2 | 101.4 |
| 2018-Q1 | 102.6 | 100.2 | 103.3 | 101.0 | 102.0 |
| 2018-Q2 | 104.1 | 101.0 | 104.0 | 101.1 | 102.4 |
| 2018-Q3 | 105.1 | 100.7 | 103.6 | 101.5 | 102.8 |
| 2018-Q4 | 104.9 | 100.7 | 104.2 | 102.2 | 102.6 |
| 2019-Q1 | 105.5 | 100.2 | 105.3 | 102.0 | 103.1 |
| 2019-Q2 | 106.8 | 101.0 | 105.7 | 103.2 | 103.2 |
| 2019-Q3 | 107.0 | 100.9 | 107.5 | 103.0 | 103.7 |
| 2019-Q4 | 106.8 | 101.3 | 108.7 | 103.7 | 103.7 |
| 2020-Q1 | 108.5 | 100.6 | 109.8 | 103.4 | 103.7 |
| 2020-Q2 | 108.5 | 100.1 | 109.7 | 103.1 | 103.8 |
graphiqueProducer price indices of services sold to French businesses
- Source: INSEE
Strong decreases in prices for accommodation-food services and for information-communication services
Prices for accommodation-food services decreased strongly in the 2nd quarter of 2020 (–2.4% after –0.9%), due to the sharp decline in prices for hotel and similar accommodation services (–11.1% after –4.8%) linked with the measures to contain the Covid-19 outbreak. Year on year, prices for accommodation-food services fell back sharply (–3.7% after +1.5%).
Prices for information-communication services decreased also in the 2nd quarter of 2020 (–0.5% after –0.7%), notably driven down by the prices for computer consultancy services (–0.6% after a virtual stability). Year on year, prices for information-communication services fell back (–0.9% after +0.4%).
Slight decrease in prices for scientific and technical services
Prices for scientific and technical services declined slightly in the 2nd quarter of 2020 (–0.3%, as in the previous quarter), notably as a result to the fall in prices for media representation services (–6.3% after –13.2%). Year on year, prices for scientific and technical services were virtually stable (–0.1% after +1.4%).
Stabilities in prices for transport and storage services, real estate activities and for administrative and support services
Prices for transport and storage services were stable in the 2nd quarter of 2020 (after +1.6%) and slowed down year on year (+1.6% after +2.8%). The rises in prices for warehousing and support services for transportation (+0.9% after +4.1%) and for air transport services were counterbalanced by the strong fall in prices for land transport services and transport services via pipelines (–1.7% after –0.2%).
Prices for real estate activities stabilized in the 2nd quarter of 2020 (–0.1% after +1.0%), notably those for renting and operating services of own or leased real estate after six consecutive quarters of growth. Nevertheless, prices for real estate activities kept increasing sharply over a year (+3.8% after +4.3%).
Prices for administrative and support services were virtually stable in the 2nd quarter of 2020 (+0.1%) and kept increasing year on year (+0.6%, as in the previous quarter).
tableauServices producer price indices, services sold to French businesses (BtoB), by sector
| Sections and choices of | Weight | Indices | Change in % | |
|---|---|---|---|---|
| levels in NAF rev.2 | 2020Q02 | Q/Q-1 | Q/Q-4 | |
| HS : all services | 1000 | 104.1 | -0.3 | 0.5 |
| H : transport. and storage | 198 | 108.5 | 0.0 | 1.6 |
| 49 : land and pipeline transport | 90 | 102.6 | -1.7 | -1.7 |
| 52 : warehousing and auxiliary services for transport | 78 | 114.6 | 0.9 | 4.9 |
| I : accommodation and food | 47 | 98.7 | -2.4 | -3.7 |
| J : information and communic. | 229 | 100.1 | -0.5 | -0.9 |
| 62 : IT services | 105 | 101.1 | -0.5 | 0.0 |
| L : real estate activities | 99 | 109.7 | -0.1 | 3.8 |
| M : prof., scient. and tech. | 213 | 103.1 | -0.3 | -0.1 |
| 69 : legal and accounting services | 47 | 101.5 | 0.2 | 1.6 |
| 70 : activities of head offices and management consulting services | 45 | 102.7 | -0.4 | -0.4 |
| 71 : architectural and engineering services | 83 | 104.3 | -0.2 | 0.6 |
| 73 : advertising and market research services | 20 | 98.6 | -1.8 | -5.3 |
| N : administ. and support serv. | 205 | 103.8 | 0.1 | 0.6 |
| 77 : renting & leasing services | 64 | 99.7 | 0.0 | 0.0 |
| 78 : employment services | 65 | 106.9 | 2.0 | 2.6 |
| 82 : office administrative and support services | 19 | 107.1 | 0.7 | 1.4 |
- BtoB: business to business
- Source: INSEE
SPPI, production sold to households in France: –0.1%
In the 2nd quarter of 2020, producer prices of services sold to households in France were virtually stable (–0.1% after –0.2%). Those for information-communication services declined (–0.4% after –0.1%), while those for transport and storage services grew in a less important seasonal pace than usual (+0.3% after –1.5% in the 1st quarter of 2020 and +2.4% in the 2nd quarter of 2019). Year on year, producer prices of services sold to households in France stabilized (+0.1% after +1.0%).
tableauServices producer price indices, services sold to households in France (BtoC), by sector
| Sections | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2020Q02 | Q/Q-1 | Q/Q-4 | ||
| HS : all services | 1000 | 103.1 | -0.1 | 0.1 |
| H : transport. and storage | 155 | 103.4 | 0.3 | -0.4 |
| I : accommodation and food | 285 | 106.1 | -0.1 | 0.6 |
| J : information and communic. | 136 | 100.8 | -0.4 | -0.3 |
| L : real estate activities | 298 | 101.0 | -0.1 | -0.2 |
| M : prof., scient. and tech. | 75 | 106.5 | -0.4 | 0.8 |
| N : administ. and support serv. | 36 | 98.3 | -0.7 | -0.3 |
- BtoC: business to consumer
- Source: INSEE
SPPI, production sold on foreign markets: +0.3%
Export service producer prices increased slightly again in the 2nd quarter of 2020 (+0.3%, as in the previous quarter): prices for transport and storage services increased in a seasonal pace (+2.3% after +1.6%), while those for administrative and support services declined again (–1.2% after –0.4%). Year on year, export service producer prices decelerated sharply (+0.9% after +1.8%).
tableauServices producer price indices, export prices of services (BtoE), by sector
| Sections | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2020Q02 | Q/Q-1 | Q/Q-4 | ||
| HS : all services | 1000 | 101.3 | 0.3 | 0.9 |
| H : transport. and storage | 266 | 104.9 | 2.3 | 3.9 |
| J : information and communic. | 180 | 95.3 | 0.0 | 0.2 |
| M : prof., scient. and tech. | 325 | 101.8 | -0.3 | 0.3 |
| N : administ. and support serv. | 220 | 101.8 | -1.2 | -1.0 |
- BtoE: business to exports
- Source: INSEE
SPPI (all markets): –0.1%
In the 2nd quarter of 2020, producer prices of services on all markets were virtually stable (–0.1% after +0.1%). Year on year, they fell back sharply (+0.5% after +1.5%).
tableauServices producer price indices, export prices of services (BtoAll), by sector
| Sections | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2020Q02 | Q/Q-1 | Q/Q-4 | ||
| HS : all services | 1000 | 103.6 | -0.1 | 0.5 |
| H : transport. and storage | 195 | 106.8 | 0.4 | 1.5 |
| I : accommodation and food | 103 | 103.8 | -0.8 | -0.8 |
| J : information and communic. | 200 | 99.8 | -0.4 | -0.7 |
| L : real estate activities | 138 | 105.0 | -0.1 | 1.6 |
| M : prof., scient. and tech. | 191 | 103.3 | -0.3 | 0.1 |
| N : administ. and support serv. | 164 | 103.1 | -0.1 | 0.3 |
- BtoAll: business to all
- Source: INSEE
tableauServices producer price indices, all markets
| H | I | J | L | M | N | |
|---|---|---|---|---|---|---|
| 2015-Q1 | 99.7 | 99.0 | 99.4 | 99.7 | 99.5 | 99.9 |
| 2015-Q2 | 100.3 | 99.0 | 99.8 | 99.9 | 99.6 | 100.1 |
| 2015-Q3 | 101.0 | 103.3 | 100.1 | 100.6 | 99.6 | 99.9 |
| 2015-Q4 | 99.0 | 98.7 | 100.7 | 99.8 | 101.3 | 100.1 |
| 2016-Q1 | 98.5 | 99.0 | 100.2 | 100.3 | 101.0 | 100.2 |
| 2016-Q2 | 98.9 | 100.2 | 100.5 | 100.7 | 101.0 | 100.3 |
| 2016-Q3 | 100.1 | 101.3 | 100.3 | 102.2 | 100.2 | 100.5 |
| 2016-Q4 | 99.5 | 99.9 | 101.0 | 101.1 | 100.6 | 100.7 |
| 2017-Q1 | 99.9 | 100.3 | 100.2 | 101.5 | 100.8 | 100.5 |
| 2017-Q2 | 100.8 | 100.8 | 100.4 | 101.9 | 100.7 | 100.9 |
| 2017-Q3 | 102.0 | 102.6 | 99.9 | 102.6 | 100.7 | 100.6 |
| 2017-Q4 | 101.3 | 101.4 | 100.8 | 102.2 | 101.3 | 100.6 |
| 2018-Q1 | 101.6 | 102.4 | 99.9 | 102.1 | 101.1 | 101.3 |
| 2018-Q2 | 103.2 | 102.8 | 100.7 | 102.5 | 101.1 | 101.8 |
| 2018-Q3 | 104.7 | 105.8 | 100.4 | 102.6 | 101.7 | 102.2 |
| 2018-Q4 | 103.5 | 103.0 | 100.3 | 102.0 | 102.1 | 102.0 |
| 2019-Q1 | 103.5 | 103.2 | 99.8 | 102.9 | 102.0 | 102.5 |
| 2019-Q2 | 105.2 | 104.6 | 100.5 | 103.3 | 103.2 | 102.8 |
| 2019-Q3 | 106.4 | 106.8 | 100.3 | 104.9 | 103.4 | 103.2 |
| 2019-Q4 | 105.4 | 104.6 | 100.7 | 104.5 | 103.9 | 103.3 |
| 2020-Q1 | 106.4 | 104.6 | 100.2 | 105.1 | 103.6 | 103.2 |
| 2020-Q2 | 106.8 | 103.8 | 99.8 | 105.0 | 103.3 | 103.1 |
graphiqueServices producer price indices, all markets
- Source: INSEE.
tableauRevision of variations
| Services producer price indices | 2020Q01 / 2019Q04 |
|---|---|
| - services sold to all markets | 0.2 |
| - services sold to French businesses | 0.4 |
| - services sold to consumers in France | -0.3 |
| - export of services | 0.0 |
- How to read it: the variation of the services producer price index for services sold to French businesses between the fourth quarter of 2019 and the first quarter of 2020 has been revised by +0.4 points: published in May 2020 equal to -0.2%, it has been updated to +0.2%.
For further information
Next publication: 27 November 2020 at 12.00 p.m
Pour en savoir plus
Next publication: 27 November 2020 at 12.00 p.m
Time series: Services producer price indices
