Informations Rapides ·
31 August 2021 · n° 224
In Q2 2021, services producer prices rose by 0.9% Services producer price indices - second quarter 2021
In the second quarter of 2021, producer prices of services accelerated (+0.9% after +0.5% in the previous quarter). The prices of services sold to home businesses were back on the rise (+0.6% after +0.1%), as those of services sold to households in France (+0.8% after +0.1%), while the prices of exported services rose strongly again (+3.5% after +3.2%). Year on year, producer prices of services kept accelerating (+1.7% after +0.9% and +0.5%).
- All markets: +0.9%
- Services sold to home businesses: +0.6%
- Seasonal rise in prices for information and communication services and for accommodation and food service activities
- Slight rise in prices for professional, scientific and technical activities and for real estate activities
- Slowdown in prices for transportation and storage services and for administrative and support service activities
- Services sold to households in France: +0.8%
- Services sold on foreign markets: +3.5%
- 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 | 104.1 | 104.6 | 103.4 | 102.5 |
| 2021-Q1 | 104.6 | 104.7 | 103.5 | 105.8 |
| 2021-Q2 | 105.5 | 105.3 | 104.3 | 109.5 |
graphiqueProducer price indices for all services
- Source: INSEE.
All markets: +0.9%
In the second quarter of 2021, producer prices of services accelerated (+0.9% after +0.5% in the previous quarter). The prices of services sold to home businesses were back on the rise (+0.6% after +0.1%), as those of services sold to households in France (+0.8% after +0.1%), while the prices of exported services rose strongly again (+3.5% after +3.2%). Year on year, producer prices of services kept accelerating (+1.7% after +0.9% and +0.5%).
tableauServices producer price indices for all markets (BtoAll*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2021Q2 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 105.5 | 0.9 | 1.7 |
| H : transportation and storage services | 192 | 113.2 | 2.6 | 5.5 |
| I : accommodation and food service activities | 104 | 104.6 | 0.6 | 0.8 |
| J : information and communication services | 202 | 100.2 | 0.8 | 0.6 |
| L : real estate activities | 136 | 106.1 | 0.4 | 1.0 |
| M : professional, scientific and technical activities | 192 | 104.4 | 0.5 | 0.9 |
| N : administrative and support service activities | 166 | 104.5 | 0.3 | 0.9 |
- *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: +0.6%
In the second quarter of 2021, producer prices of services sold to home businesses rose by 0.6% after two quarters of stability. Year on year, they accelerated (+1.0% after +0.3%).
tableauServices producer price indices: services sold to home businesses (BtoB*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2021Q2 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 105.3 | 0.6 | 1.0 |
| H : transportation and storage services | 192 | 110.5 | 0.5 | 1.5 |
| I : accommodation and food service activities | 46 | 100.4 | 1.6 | 1.5 |
| J : information and communication services | 233 | 100.6 | 0.8 | 0.7 |
| L : real estate activities | 95 | 111.0 | 0.5 | 1.2 |
| M : professional, scientific and technical activities | 215 | 104.2 | 0.3 | 0.8 |
| N : administrative and support service activities | 211 | 105.2 | 0.3 | 1.3 |
- *BtoB: business to business
- The sector S "Other services" is not displayed due to its low economic weight.
- Source: INSEE
Seasonal rise in prices for information and communication services and for accommodation and food service activities
In the second quarter of 2021, prices for information and communication services, as those for accommodation and food service activities, returned to their seasonal growth pattern (after the exception of the second quarter of 2020 due to the impact of the first lockdown).
Prices for information and communication services rebounded in the second quarter of 2021 (+0.8% after –0.8%). They were mainly driven up by the strong rebound in prices for programming and broadcasting services (+13.5% after –9.2%). Those for data processing, hosting and related services and web portals services also recovered (+1.9% after –2.4%). Year on year, prices for information and communication services rebounded (+0.7% after –0.7%)
Prices for accommodation and food service activities also rose in the second quarter of 2021 (+1.6% after a stability), mainly due to the seasonal rebound of those for hotel and similar accommodation services (+7.9% after –2.1%). Year on year, prices for accommodation and food service activities rebounded (+1.5% after –2.2%).
Slight rise in prices for professional, scientific and technical activities and for real estate activities
Prices for professional, scientific and technical activities rose slightly in the second quarter of 2021 (+0.3% after +0.1%). Prices for media representation services rebounded in accordance with the usual seasonal pattern (+11.6% after –9.7%), while those for legal and accounting services fell back (–0.5% after +0.4%). Year on year, prices for professional, scientific and technical activities accelerated a little (+0.8% after +0.5%).
Prices for real estate activities recovered slightly in the second quarter of 2021 (+0.5% after –0.2%), driven up by the rebound of those for renting and operating services of own or leased real estate (+0.6% after –0.2%). Year on year, prices for real estate activities accelerated (+1.2% after +0.5%).
Slowdown in prices for transportation and storage services and for administrative and support service activities
Prices for transportation and storage services decelerated in the second quarter of 2021 (+0.5% after +1.2%). The strong rebound in prices for land transport services and transport services via pipelines (+1.5% after –0.3%) was partly counterbalanced by the downturn in prices for warehousing and support services for transportation (–0.5% after +2.3%). Year on year, prices for transportation and storage services rose by 1.5% (after +1.3%).
Prices for administrative and support service activities also decelerated in the second quarter of 2021 (+0.3% after +0.6%): those for temporary employment agency services were back on the rise (+0.8% after –0.1%), while those for rental and leasing services decelerated (+0.2% after +0.7%). Year on year, prices for administrative and support service activities however accelerated slightly again (+1.3% after +1.0% and +0.6%).
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 | 108.6 | 100.9 | 100.1 | 111.6 | 103.2 | 104.5 |
| 2020-Q4 | 108.6 | 98.8 | 100.6 | 110.7 | 103.8 | 104.3 |
| 2021-Q1 | 109.9 | 98.8 | 99.8 | 110.5 | 103.9 | 104.9 |
| 2021-Q2 | 110.5 | 100.4 | 100.6 | 111.0 | 104.2 | 105.2 |
graphiqueProducer price indices of services sold to French businesses
- Source: INSEE
Services sold to households in France: +0.8%
In the second quarter of 2021, producer prices of services sold to households in France were back on the rise (+0.8% after +0.1%), mainly due to the seasonal rebound in prices for transportation and storage services (+3.2% after –1.5%). The prices for professional, scientific and technical activities remained dynamic (+1.2% for the third quarter in a row). Year on year, producer prices of services sold to households in France accelerated sharply (+1.2% after +0.3%), in connection with the stagnation in prices in the second quarter of 2020.
tableauServices producer price indices: services sold to households in France (BtoC*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2021Q2 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 104.3 | 0.8 | 1.2 |
| H : transportation and storage services | 154 | 105.8 | 3.2 | 2.3 |
| I : accommodation and food service activities | 286 | 106.5 | 0.1 | 0.4 |
| J : information and communication services | 134 | 101.4 | 0.1 | 0.7 |
| L : real estate activities | 296 | 102.0 | 0.4 | 1.0 |
| M : professional, scientific and technical activities | 79 | 110.7 | 1.2 | 3.9 |
| N : administrative and support service activities | 38 | 98.2 | -0.3 | -0.3 |
- *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: +3.5%
In the second quarter of 2021, exported services producer prices rose strongly again (+3.5% after +3.2%). They were mainly driven up by the persistent dynamism in prices for transportation and storage services (+9.3% after +11.4%). In particular, those for sea and coastal freight water transport services rose very strongly again (+16.6% after +23.4%), as a result of a sustained rise in demand while capacities were still limited. Year on year, exported services producer prices accelerated again (+7.2% after +4.5% and +1.5%).
tableauServices producer price indices: services sold on foreign markets (BtoE*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2021Q2 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 109.5 | 3.5 | 7.2 |
| H : transportation and storage services | 284 | 133.5 | 9.3 | 25.9 |
| J : information and communication services | 182 | 94.5 | 1.1 | -0.7 |
| M : professional, scientific and technical activities | 322 | 101.6 | 0.6 | -0.2 |
| N : administrative and support service activities | 204 | 103.8 | 0.3 | -0.7 |
- *BtoE: business to exports
- The sectors I "Accommodation and food services", L "Real estate activities" and S "Other services" are not displayed due to their low economics weights.
- Source: INSEE
tableauRevision of variations
| Services producer price indices | 2021Q1 / 2020Q4 |
|---|---|
| - services sold to all markets (BtoAll) | 0.0 |
| - services sold to home businesses (BtoB) | -0.1 |
| - services sold to households in France (BtoC) | 0.1 |
| - exported services (BtoE) | 0.3 |
- How to read it: the variation of the services producer price index for all markets between the fourth quarter of 2020 and the first quarter of 2021 is unchanged: +0.5% as it was published in May 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: 30 November 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: 30 November 2021 at 12.00 p.m
Time series: Services producer price indices