Informations Rapides ·
28 May 2021 · n° 144
Output in services increased markedly in March 2021 (+3.4%) Index of services production - March 2021
In March 2021, output in services sped up (+3.4% after +1.2% in February). Compared with February 2020 (last month before the first lockdown), it remained however sharply down (−5.9%).
The indices presented here generally reflect well the magnitude of the shocks on activity in recent months, but month−to−month variations in certain specific sectors may possibly suffer from lags compared to activity. Indeed, the measurement of services production change is based mostly on invoicing computed from VAT declarations which may in some cases be lagged, as for example in the case of employment activities (temporary employment).
In the following paragraphs, percentage changes by subsections are presented in descending order of their contribution to the overall percentage change of the services production index. The contribution of a subsection takes into account its weight and the magnitude of its evolution.
All data are corrected for seasonal and working day effects (SA-WDA).
In March 2021, output in services sped up (+3.4% after +1.2% in February). Compared with February 2020 (last month before the first lockdown), it remained however sharply down (−5.9%).
In March 2021, output went up in a majority of sectors
In March 2021, output bounced back sharply in professional, scientific and technical activities (+7.7% after –0.4%), in information-communication (+4.6% after –1.6%) and arts, entertainment and recreation (+14.2% after –7.6%). Output rose again but more moderately in administrative and support services activities (+0.4% after +6.6%), and accommodation and food services activities (+0.6% after +1.9%). Conversely, output fell in real estate activities (–0.7% after +1.4%) and transportation and storage (–0.4% after +4.2%). In the latter sector, the significant drop in warehousing and support for transportation (–12.7%) followed a strong increase in February (+ 11.5%).
Output in services was at a lower level (−5.9%) than in February 2020, with a collapse in accommodation and food services activities (−55.8%) and arts, entertainment and recreation (–43.7%). The decline was more moderate in transportation and storage (−5.6%), administrative and support services activities (–3.8%), and real estate activities (−3.9%). Information-communication (+9.6%) and professional, scientific and technical activities (+6.0%), on the other hand, were up compared to February 2020.
tableauIndex of services production
| Business support (MN) | Transportation and storage (H) | Accommodation & food service (I) | Information-communication (J) | All services (SPI) | |
|---|---|---|---|---|---|
| 2016-01 | 101.96 | 101.02 | 100.83 | 102.75 | 101.36 |
| 2016-02 | 102.9 | 104.28 | 102.48 | 105.03 | 103.39 |
| 2016-03 | 99.8 | 101.97 | 102.37 | 103.84 | 100.97 |
| 2016-04 | 100.62 | 100.81 | 102.03 | 101.31 | 100.77 |
| 2016-05 | 102.23 | 101.42 | 102.83 | 103.01 | 102.12 |
| 2016-06 | 102.77 | 100.3 | 102.75 | 103.95 | 102.28 |
| 2016-07 | 100.25 | 101.06 | 102.83 | 104.5 | 101.57 |
| 2016-08 | 104.78 | 102.74 | 103.23 | 105.23 | 103.96 |
| 2016-09 | 102.63 | 98.67 | 104.04 | 105.35 | 102.56 |
| 2016-10 | 102.84 | 101.98 | 103.19 | 103.42 | 102.07 |
| 2016-11 | 104.32 | 102.33 | 103.61 | 105.58 | 104.19 |
| 2016-12 | 103.37 | 102.71 | 104.99 | 105.3 | 104.22 |
| 2017-01 | 106.14 | 104.1 | 104.95 | 104.36 | 104.88 |
| 2017-02 | 105.17 | 102.48 | 106.21 | 108.04 | 105.23 |
| 2017-03 | 107.28 | 104.32 | 107.34 | 110.68 | 106.73 |
| 2017-04 | 103.31 | 102.74 | 107.07 | 106.69 | 104.12 |
| 2017-05 | 108.89 | 107.12 | 106.63 | 110.14 | 107.33 |
| 2017-06 | 107.89 | 105.57 | 106.29 | 108.98 | 106.7 |
| 2017-07 | 107.93 | 106.81 | 108.53 | 113.27 | 108.47 |
| 2017-08 | 107.68 | 104.35 | 109.19 | 110.7 | 107.19 |
| 2017-09 | 107.69 | 103.62 | 108.49 | 111.76 | 107.04 |
| 2017-10 | 108.9 | 105.45 | 109.9 | 110.11 | 108.11 |
| 2017-11 | 108.53 | 104.03 | 112.33 | 111.78 | 108.57 |
| 2017-12 | 112.34 | 106.45 | 109.81 | 112.96 | 109.88 |
| 2018-01 | 111.85 | 109.39 | 112.29 | 113.35 | 111.47 |
| 2018-02 | 109.89 | 105.82 | 109.67 | 114.53 | 109.33 |
| 2018-03 | 110.05 | 106.61 | 110.88 | 114.21 | 109.19 |
| 2018-04 | 114.59 | 107.05 | 111.81 | 117.19 | 112.22 |
| 2018-05 | 111.74 | 103.85 | 113.36 | 115.63 | 110.65 |
| 2018-06 | 114.03 | 108.0 | 111.61 | 117.14 | 111.7 |
| 2018-07 | 112.22 | 106.56 | 111.29 | 118.88 | 111.17 |
| 2018-08 | 115.15 | 108.09 | 112.67 | 116.64 | 113.36 |
| 2018-09 | 115.65 | 106.79 | 114.5 | 116.86 | 112.88 |
| 2018-10 | 115.7 | 108.56 | 114.95 | 122.39 | 114.23 |
| 2018-11 | 116.07 | 108.03 | 114.26 | 119.18 | 113.68 |
| 2018-12 | 117.66 | 108.64 | 115.3 | 116.89 | 114.15 |
| 2019-01 | 114.05 | 108.03 | 115.41 | 119.67 | 113.11 |
| 2019-02 | 116.96 | 110.21 | 117.49 | 119.67 | 115.31 |
| 2019-03 | 118.44 | 109.32 | 117.03 | 122.37 | 116.08 |
| 2019-04 | 117.98 | 109.91 | 117.49 | 122.21 | 115.76 |
| 2019-05 | 118.0 | 109.22 | 115.99 | 122.92 | 115.85 |
| 2019-06 | 117.11 | 109.17 | 118.9 | 122.38 | 115.69 |
| 2019-07 | 116.83 | 108.81 | 116.21 | 123.77 | 115.95 |
| 2019-08 | 119.23 | 111.65 | 119.25 | 126.59 | 117.52 |
| 2019-09 | 119.47 | 111.73 | 119.18 | 125.83 | 117.53 |
| 2019-10 | 118.99 | 111.39 | 119.75 | 125.0 | 116.9 |
| 2019-11 | 119.5 | 108.72 | 120.14 | 125.27 | 116.88 |
| 2019-12 | 117.94 | 107.82 | 120.08 | 125.3 | 116.39 |
| 2020-01 | 120.3 | 105.67 | 121.28 | 125.58 | 117.06 |
| 2020-02 | 118.07 | 104.93 | 115.59 | 123.28 | 115.05 |
| 2020-03 | 107.8 | 94.22 | 58.83 | 125.87 | 100.54 |
| 2020-04 | 101.71 | 82.44 | 20.99 | 117.95 | 87.42 |
| 2020-05 | 99.49 | 74.75 | 32.86 | 114.57 | 88.52 |
| 2020-06 | 105.17 | 84.34 | 75.93 | 125.44 | 99.61 |
| 2020-07 | 104.0 | 96.45 | 94.96 | 123.6 | 102.75 |
| 2020-08 | 106.73 | 95.15 | 105.66 | 125.81 | 106.55 |
| 2020-09 | 112.59 | 96.76 | 99.51 | 126.05 | 109.85 |
| 2020-10 | 115.92 | 98.24 | 87.8 | 127.78 | 108.88 |
| 2020-11 | 115.63 | 97.62 | 47.22 | 128.5 | 103.23 |
| 2020-12 | 120.5 | 95.41 | 55.05 | 133.23 | 108.57 |
| 2021-01 | 112.29 | 95.4 | 49.82 | 131.26 | 103.46 |
| 2021-02 | 114.96 | 99.45 | 50.79 | 129.1 | 104.73 |
| 2021-03 | 120.34 | 99.07 | 51.07 | 135.07 | 108.28 |
graphiqueIndex of services production
- Sources: DGFiP, INSEE
tableauVariation in the services production
| Nace classification | Weight (1) | Mar.2021 | Change in % | ||||
|---|---|---|---|---|---|---|---|
| Mar. 2021/Feb. 2021 | Feb. 2021/Jan. 2021 | Mar. 2021/Feb. 2020 | Q/Q-1(2) | Q/ Q-4(3) | |||
| Index of services production | 10000 | 108.3 | 3.4 | 1.2 | -5.9 | -1.3 | -4.9 |
| H Transportation and storage | 1504 | 99.1 | -0.4 | 4.2 | -5.6 | 0.9 | -3.6 |
| 49 Land transport… | 715 | 109.1 | 4.0 | 4.8 | 0.7 | 0.0 | -1.4 |
| 50 Water transport | 36 | 171.3 | 21.3 | -11.5 | 44.9 | 9.2 | 24.9 |
| 51 Air transport | 115 | 48.9 | 4.4 | -3.6 | -54.1 | 13.6 | -49.2 |
| 52 Warehousing and support for transportation | 504 | 93.2 | -12.7 | 11.5 | -9.6 | 1.5 | -1.4 |
| 53 Postal and courier activities | 135 | 91.4 | 19.1 | -16.4 | 3.2 | -4.6 | 4.4 |
| I Accommodation and food service activities | 870 | 51.1 | 0.6 | 1.9 | -55.8 | -20.2 | -48.7 |
| 55 Accommodation | 205 | 42.9 | -1.8 | 4.7 | -60.4 | -13.6 | -52.4 |
| 56 Food and beverage service activities | 664 | 53.6 | 1.2 | 1.3 | -54.5 | -21.7 | -47.7 |
| J Information-communication | 1635 | 135.1 | 4.6 | -1.6 | 9.6 | 1.5 | 5.5 |
| 58 Publishing activities | 208 | 114.2 | -2.7 | 3.0 | 5.7 | 0.1 | 4.2 |
| 59 Motion picture, sound recording, music publishing | 119 | 94.3 | 2.8 | -0.3 | -9.7 | -7.3 | -10.4 |
| 60 Programming and broadcasting activities | 71 | 107.3 | -0.3 | 4.8 | 3.9 | -10.0 | -2.8 |
| 61 Telecommunications | 415 | 130.1 | 11.2 | -6.0 | 20.4 | 4.1 | 13.3 |
| 62 Computer programming... | 720 | 147.8 | 4.1 | -1.4 | 6.7 | 2.3 | 2.9 |
| 63 Information services | 102 | 175.3 | 3.0 | 0.2 | 20.8 | 3.0 | 19.1 |
| L Real estate activities | 964 | 96.5 | -0.7 | 1.4 | -3.9 | 1.9 | -0.9 |
| M+N Business support | 4289 | 120.3 | 4.7 | 2.4 | 1.9 | -1.3 | 0.4 |
| M Professional, scientific and technical activities | 2540 | 122.5 | 7.7 | -0.4 | 6.0 | -2.2 | 2.9 |
| 69 Legal and accounting activities | 502 | 125.7 | 1.9 | 0.4 | 5.3 | -0.1 | 10.0 |
| 70 Activities of head offices and management consultancy | 739 | 119.9 | 7.8 | -3.4 | 6.7 | 1.3 | 3.8 |
| 71 Architecture and engineering activities | 491 | 127.0 | 5.1 | 9.8 | 8.7 | 1.6 | -0.6 |
| 72 Scientific research and development | 559 | 120.5 | 20.9 | -7.6 | 5.6 | -11.9 | -1.2 |
| 73 Advertising and market research | 146 | 95.4 | -1.1 | 2.6 | -6.1 | -2.4 | -3.3 |
| 74 Other professional, scientific and technical activities | 79 | 157.3 | 0.6 | 2.6 | 7.3 | 0.0 | 5.9 |
| 75 Veterinary activities | 26 | 137.8 | 0.5 | 1.0 | 12.6 | 1.7 | 15.1 |
| N Administrative and support service activities | 1748 | 117.2 | 0.4 | 6.6 | -3.8 | 0.1 | -3.0 |
| 77 Rental and leasing activities | 526 | 121.8 | 1.5 | 2.3 | -10.1 | -1.2 | -4.7 |
| 78 Employment activities | 502 | 119.2 | -0.7 | 9.7 | -1.2 | 3.0 | -4.3 |
| 79 Travel agency, tour operator | 35 | 16.8 | 4.1 | -23.5 | -80.1 | -34.7 | -76.4 |
| 80 Security and investigation | 104 | 112.5 | -2.4 | 1.8 | 2.5 | -0.9 | 1.7 |
| 81 Services to building and landscape activities | 245 | 130.1 | 2.6 | 7.5 | 12.5 | 0.6 | 8.3 |
| 82 Other administrative and business support activities | 336 | 109.6 | -0.5 | 11.1 | -3.9 | -1.1 | -2.8 |
| R+S Household services | 738 | 80.5 | 6.6 | -5.8 | -32.0 | -4.6 | -24.8 |
| R Arts, entertainment and recreation | 460 | 70.4 | 14.2 | -7.6 | -43.7 | -13.2 | -39.5 |
| S Other personal services | 278 | 97.1 | -1.3 | -3.7 | -9.5 | 7.1 | 2.9 |
- (1) Weight (10 000 = H…S excepting K, O, P, Q)
- (2) last three months / previous three months
- (3) Year-on-year: last three months / same three months of previous year
- Note : given the discrepancies that may exist between the use of temporary employment and the invoices used to establish production indices, the evolution of output observed in the last two months in the sector of employment activities does not necessarily reflect well the evolution of activity over this period in the current particular circumstances.
- Sources : DGFiP, Insee
Over a year, output was down sharply
In services, output for the first three months of 2021 was 4.9% lower than the same period of 2020.
Output slumped in accommodation and food services activities (−48.7%) and in the arts, entertainment and recreation (−39.5%). The fall was less pronounced in administrative and support services activities (−3.0%), transportation and storage (−3.6%) and real estate activities (−0.9%). Conversely, output was up in information-communication (+ 5.5%) and professional, scientific and technical activities (+2.9%).
Revisions
The month-on-month percentage change of the index of services production in February 2021 has been revised upwards by 0.1 points. Initially published at +1.1%, it is now evaluated at +1.2%.
tableauRevision of variations
| Feb.21/ Jan.21 | Jan.21/Dec.20 | Dec.20/Nov.20 | Q4 2020/Q3 2020 | 2020/2019 | |
|---|---|---|---|---|---|
| Services production | 0.13 | -0.20 | -0.14 | 0.03 | 0.04 |
| Raw series | 0.30 | -0.17 | -0.17 | 0.01 | 0.04 |
| SA-WDA parameters | -0.17 | -0.03 | 0.03 | 0.02 | 0.00 |
- How to read: in the services industries, the SA-WDA percentage change in output between January 2021 and February 2021 is revised by +0.13 points: +0.30 points due to the revisions of raw data and -0.17 points due to the update of SA-WDA parameters
- Sources : DGFiP, Insee
For Further informations
Next issue 30 June 2021 at 12.00
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