Informations Rapides ·
28 May 2021 · n° 140
In Q1 2021, services producer prices rose by 0.5% Services producer price indices - first quarter 2021
In the 1st quarter of 2021, producer prices of services rebounded (+0.5% after –0.3% in the previous quarter). The prices of services sold to home businesses rose slightly (+0.2% after a stability), while those of exported services sped up strongly (+2.9% after +0.6%). Services producer prices sold to households in France were stable (after –1.2%). Year on year, producer prices of services sped up (+0.8% after +0.4%).
- All markets: +0.5%
- Services sold to home businesses: +0.2%
- Rise in prices for transportation and storage services and for administrative and support service activities
- Stability in prices for information and communication services and for accommodation and food service activities
- Slight fall in prices for professional, scientific and technical activities and for real estate activities
- Services sold to households in France: stability
- Services sold on foreign markets: +2.9%
- For further information
tableauProducer price indices for all services
| All markets | Home businesses | Households in France | Export | |
|---|---|---|---|---|
| 2015-Q1 | 99.6 | 99.7 | 99.3 | 100.0 |
| 2015-Q2 | 99.9 | 99.9 | 99.6 | 99.8 |
| 2015-Q3 | 100.5 | 100.1 | 101.6 | 100.7 |
| 2015-Q4 | 100.0 | 100.4 | 99.5 | 99.5 |
| 2016-Q1 | 99.9 | 100.2 | 99.7 | 98.4 |
| 2016-Q2 | 100.3 | 100.6 | 100.0 | 98.5 |
| 2016-Q3 | 100.7 | 100.5 | 101.6 | 99.3 |
| 2016-Q4 | 100.5 | 100.8 | 100.2 | 99.3 |
| 2017-Q1 | 100.5 | 100.6 | 100.7 | 99.2 |
| 2017-Q2 | 100.9 | 101.0 | 101.0 | 99.7 |
| 2017-Q3 | 101.2 | 100.9 | 102.8 | 99.4 |
| 2017-Q4 | 101.2 | 101.6 | 101.1 | 98.9 |
| 2018-Q1 | 101.3 | 101.5 | 101.8 | 98.6 |
| 2018-Q2 | 101.9 | 102.2 | 102.3 | 99.2 |
| 2018-Q3 | 102.7 | 102.4 | 104.2 | 100.3 |
| 2018-Q4 | 102.1 | 102.6 | 101.8 | 99.8 |
| 2019-Q1 | 102.2 | 102.7 | 102.2 | 99.2 |
| 2019-Q2 | 103.1 | 103.6 | 103.0 | 100.4 |
| 2019-Q3 | 103.9 | 103.8 | 105.1 | 101.4 |
| 2019-Q4 | 103.6 | 104.2 | 103.4 | 101.0 |
| 2020-Q1 | 103.7 | 104.4 | 103.2 | 101.2 |
| 2020-Q2 | 103.7 | 104.3 | 103.1 | 102.1 |
| 2020-Q3 | 104.3 | 104.6 | 104.7 | 101.6 |
| 2020-Q4 | 104.0 | 104.6 | 103.4 | 102.2 |
| 2021-Q1 | 104.5 | 104.8 | 103.4 | 105.2 |
graphiqueProducer price indices for all services
- Source: INSEE.
All markets: +0.5%
In the 1st quarter of 2021, producer prices of services rebounded (+0.5% after –0.3% in the previous quarter). The prices of services sold to home businesses rose slightly (+0.2% after a stability), while those of exported services sped up strongly (+2.9% after +0.6%). Services producer prices sold to households in France were stable (after –1.2%). Year on year, producer prices of services sped up (+0.8% after +0.4%).
tableauServices producer price indices for all markets (BtoAll*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2021Q1 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 104.5 | 0.5 | 0.8 |
| H : transportation and storage services | 195 | 110.1 | 2.2 | 3.5 |
| I : accommodation and food service activities | 103 | 103.8 | 0.1 | -0.7 |
| J : information and communication services | 200 | 99.9 | -0.2 | -0.2 |
| L : real estate activities | 138 | 105.7 | 0.2 | 0.5 |
| M : professional, scientific and technical activities | 191 | 103.6 | 0.0 | 0.2 |
| N : administrative and support service activities | 164 | 104.1 | 0.4 | 0.4 |
- *BtoAll: business to all
- The sector S "Other services" is not displayed due to its low economic weight.
- Source: INSEE
Services sold to home businesses: +0.2%
In the 1st quarter of 2021, producer prices of services sold to home businesses rose slightly (+0.2% after a stability). Year on year, they increased by 0.4% (as in the previous quarter).
tableauServices producer price indices: services sold to home businesses (BtoB*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2021Q1 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 104.8 | 0.2 | 0.4 |
| H : transportation and storage services | 198 | 110.0 | 1.3 | 1.4 |
| I : accommodation and food service activities | 47 | 98.8 | 0.0 | -2.2 |
| J : information and communication services | 229 | 100.4 | -0.1 | -0.1 |
| L : real estate activities | 99 | 110.5 | -0.2 | 0.5 |
| M : professional, scientific and technical activities | 213 | 103.4 | -0.2 | 0.0 |
| N : administrative and support service activities | 205 | 104.9 | 0.6 | 1.0 |
- *BtoB: business to business
- The sector S "Other services" is not displayed due to its low economic weight.
- Source: INSEE
Rise in prices for transportation and storage services and for administrative and support service activities
Prices for transportation and storage services went up sharply in the 1st quarter of 2021 (+1.3% after +0.1%), driven by those for warehousing and support services for transportation (+2.1% after +1.1%). Year on year, prices for transportation and storage services rose again (+1.4% after +1.7%).
Prices for administrative and support service activities rebounded in the 1st quarter of 2021 (+0.6% after –0.3%), notably as a result of the rise in prices for rental and leasing services (+0.4% after –0.1%). Year on year, prices for administrative and support service activities accelerated (+1.0% after +0.6%).
Stability in prices for information and communication services and for accommodation and food service activities
Prices for information and communication services were virtually stable in the 1st quarter of 2021 (–0.1% after +0.2%). The strong seasonal downturn in prices for programming and broadcasting services (–9.3% after +6.4%) was partly counterbalanced by the rise of those for computer consultancy services (+0.9% after –0.1%). Year on year, prices for information and communication services stabilized (–0.1% after –0.8%).
Prices for accommodation and food service activities were stable in the 1st quarter of 2021 (after –2.1%) and kept falling over a year (–2.2% after –3.1%).
Slight fall in prices for professional, scientific and technical activities and for real estate activities
Prices for professional, scientific and technical activities fell slightly in the 1st quarter of 2021 (–0.2% after +0.3%). Prices for media representation services fell back in accordance with the usual seasonal pattern (–9.9% after +12.1%), while those for management consulting services rebounded (+0.5% after –1.1%). Year on year, prices for professional, scientific and technical activities were stable (after –0.1%).
Prices for real estate activities also fell slightly in the 1st quarter of 2021 (–0.2% after –0.7%). Year on year, they decelerated again (+0.5% after +1.8% and +3.7%).
tableauProducer price indices of services sold to French businesses
| H: transp. and storage | I: accommod. and food | J: info. and comm. | L: real estate act. | M: prof., scient. and tech. | N: adm. and support | |
|---|---|---|---|---|---|---|
| 2015-Q1 | 99.6 | 98.7 | 99.6 | 100.2 | 99.4 | 99.9 |
| 2015-Q2 | 100.4 | 98.9 | 99.9 | 100.0 | 99.6 | 100.0 |
| 2015-Q3 | 100.4 | 104.2 | 99.8 | 99.8 | 99.5 | 99.9 |
| 2015-Q4 | 99.6 | 98.2 | 100.8 | 100.0 | 101.6 | 100.1 |
| 2016-Q1 | 99.4 | 97.4 | 100.2 | 100.7 | 101.4 | 100.3 |
| 2016-Q2 | 99.8 | 100.0 | 100.6 | 101.0 | 101.5 | 100.6 |
| 2016-Q3 | 100.4 | 97.9 | 100.1 | 102.9 | 100.3 | 100.6 |
| 2016-Q4 | 100.3 | 98.5 | 101.0 | 102.2 | 100.8 | 100.7 |
| 2017-Q1 | 100.7 | 97.7 | 100.1 | 102.8 | 100.8 | 100.6 |
| 2017-Q2 | 101.2 | 99.2 | 100.5 | 103.2 | 100.7 | 101.1 |
| 2017-Q3 | 101.5 | 98.0 | 100.0 | 103.1 | 100.4 | 101.2 |
| 2017-Q4 | 102.1 | 99.6 | 101.1 | 104.3 | 101.2 | 101.4 |
| 2018-Q1 | 102.6 | 99.1 | 100.2 | 103.3 | 101.0 | 102.0 |
| 2018-Q2 | 104.1 | 100.8 | 101.0 | 104.0 | 101.1 | 102.4 |
| 2018-Q3 | 105.1 | 99.5 | 100.7 | 103.6 | 101.5 | 102.8 |
| 2018-Q4 | 104.9 | 100.1 | 100.7 | 104.2 | 102.2 | 102.6 |
| 2019-Q1 | 105.5 | 99.6 | 100.2 | 105.3 | 102.0 | 103.1 |
| 2019-Q2 | 106.8 | 102.5 | 101.0 | 105.7 | 103.2 | 103.2 |
| 2019-Q3 | 107.0 | 101.8 | 100.9 | 107.5 | 103.0 | 103.7 |
| 2019-Q4 | 106.8 | 102.0 | 101.3 | 108.7 | 103.7 | 103.7 |
| 2020-Q1 | 108.5 | 101.0 | 100.5 | 110.0 | 103.4 | 103.9 |
| 2020-Q2 | 108.9 | 98.9 | 99.9 | 109.7 | 103.4 | 103.9 |
| 2020-Q3 | 108.5 | 100.9 | 100.3 | 111.5 | 103.3 | 104.6 |
| 2020-Q4 | 108.6 | 98.8 | 100.5 | 110.7 | 103.6 | 104.3 |
| 2021-Q1 | 110.0 | 98.8 | 100.4 | 110.5 | 103.4 | 104.9 |
graphiqueProducer price indices of services sold to French businesses
- Source: INSEE
Services sold to households in France: stability
In the 1st quarter of 2021, producer prices of services sold to households in France were stable (after –1.2%). The fall in prices for transportation and storage services (–1.5% after –3.2%) was counterbalanced by the rises in prices for real estate activities (+0.5% after a stability) and for professional, scientific and technical activities (+1.2%, as in the previous quarter). Year on year, producer prices of services sold to households in France increased slightly (+0.2% after a stability).
tableauServices producer price indices: services sold to households in France (BtoC*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2021Q1 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 103.4 | 0.0 | 0.2 |
| H : transportation and storage services | 155 | 102.5 | -1.5 | -0.6 |
| I : accommodation and food service activities | 285 | 106.1 | 0.2 | -0.1 |
| J : information and communication services | 136 | 101.1 | -0.2 | 0.0 |
| L : real estate activities | 298 | 101.7 | 0.5 | 0.6 |
| M : professional, scientific and technical activities | 75 | 109.4 | 1.2 | 2.4 |
| N : administrative and support service activities | 36 | 98.5 | 0.2 | -0.5 |
- *BtoC: business to consumer
- The sector S "Other services" is not displayed due to its low economic weight.
- Source: INSEE
Services sold on foreign markets: +2.9%
In the 1st quarter of 2021, exported services producer prices sped up strongly, both over a quarter (+2.9% after +0.6%) and over a year (+4.0% after +1.2%). They were driven by the strong dynamism in prices for transportation and storage services (+10.8% after +2.4%). In particular, those for sea and coastal freight water transport services rose very strongly (+22.9% after +9.7%), as a result of a sharp rise in demand while capacities were still limited.
tableauServices producer price indices: services sold on foreign markets (BtoE*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2021Q1 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 105,2 | 2.9 | 4.0 |
| H : transportation and storage services | 266 | 121.0 | 10.8 | 18.0 |
| J : information and communication services | 180 | 94,2 | -0.6 | -0.9 |
| M : professional, scientific and technical activities | 325 | 100,7 | -0.1 | -0.7 |
| N : administrative and support service activities | 220 | 102,8 | -0.1 | -2.2 |
- *BtoE: business to exports
- The sectors I "Accomodation and food", L "Real estate activities" and S "Other services" are not displayed due to their lows economics weights.
- Source: INSEE
tableauRevision of variations
| Services producer price indices | 2020Q4 / 2020Q3 |
|---|---|
| - services sold to all markets (BtoAll) | 0.0 |
| - services sold to home businesses (BtoB) | +0.1 |
| - services sold to households in France (BtoC) | 0.0 |
| - exported services (BtoE) | -0.2 |
- How to read it: the variation of the services producer price index for all markets between the third quarter of 2020 and the fourth quarter of 2020 is unchanged: -0.3% as it was published in February 2021.
For further information
Definition: Services producer prices indices (SPPI) measure the quarterly evolution of transaction prices, excluding VAT, of services sold by French businesses. They are calculated, by market and by product, based on the results of the survey « Observation of prices in industry and services » (Opise) operated by INSEE.
SPPI are calculated on four types of market segments:
BtoB: business to business, corresponding to services sold to home businesses;
BtoC: business to customer, corresponding to services sold to households in France;
BtoE: business to exports, corresponding to services sold on foreign markets;
BtoAll: business to all, corresponding to the aggregation of the three market segments BtoB, BtoC and BtoE.
Next publication: 31August 2021 at 12.00 p.m
Pour en savoir plus
Definition: Services producer prices indices (SPPI) measure the quarterly evolution of transaction prices, excluding VAT, of services sold by French businesses. They are calculated, by market and by product, based on the results of the survey « Observation of prices in industry and services » (Opise) operated by INSEE.
SPPI are calculated on four types of market segments:
BtoB: business to business, corresponding to services sold to home businesses;
BtoC: business to customer, corresponding to services sold to households in France;
BtoE: business to exports, corresponding to services sold on foreign markets;
BtoAll: business to all, corresponding to the aggregation of the three market segments BtoB, BtoC and BtoE.
Next publication: 31August 2021 at 12.00 p.m
Time series: Services producer price indices