Informations Rapides ·
29 February 2024 · n° 56
In Q4 2023, services producer prices fell by 0.2% over a quarter and rose by 1.3%
over a year Services producer price indices - fourth quarter 2023
In the fourth quarter of 2023, producer prices of services fell over a quarter (-0.2% after +0.3%). Prices of services sold to households in France fell back (-1.3% after +0.7%) and those for foreign markets dropped again (-1.2% after -0.2%), while those for services sold to home businesses rose (+0.4% after +0.2%).
Over a year, producer prices of services –for all markets– accelerated in the fourth quarter of 2023 (+1.3% after +0.9% in the third quarter of 2023). They were 8.7% above their level of the fourth quarter of 2020.
- All markets: -0.2%
- Services sold to home businesses: +0.4%
- Acceleration of prices for information and communication services
- Downturn of prices for transportation and storage services
- Rise of prices for accommodation and food services
- Rise of prices for professional, scientific and technical activities
- Rise of prices for administrative and support service activities and for real estate activities
- Services sold to households in France: -1.3%
- Services sold on foreign markets: ‑1.2%
- Revisions
- For further information
tableauProducer price indices for all services
| All markets | Home businesses | Households in France | Export | |
|---|---|---|---|---|
| 2023-Q4 | 113.2 | 113.8 | 112.3 | 111.7 |
| 2023-Q3 | 113.4 | 113.3 | 113.8 | 113.1 |
| 2023-Q2 | 113.1 | 113.1 | 113.0 | 113.3 |
| 2023-Q1 | 111.8 | 111.8 | 111.0 | 113.3 |
| 2022-Q4 | 111.7 | 111.0 | 110.3 | 118.0 |
| 2022-Q3 | 112.4 | 110.3 | 111.6 | 125.9 |
| 2022-Q2 | 111.0 | 109.5 | 108.7 | 124.4 |
| 2022-Q1 | 108.5 | 107.5 | 106.1 | 119.7 |
| 2021-Q4 | 107.7 | 106.6 | 105.8 | 118.1 |
| 2021-Q3 | 107.2 | 105.7 | 106.6 | 116.3 |
| 2021-Q2 | 105.5 | 105.1 | 104.3 | 110.0 |
| 2021-Q1 | 104.6 | 104.7 | 103.5 | 106.3 |
| 2020-Q4 | 104.1 | 104.6 | 103.4 | 102.6 |
| 2020-Q3 | 104.3 | 104.6 | 104.7 | 101.6 |
| 2020-Q2 | 103.7 | 104.3 | 103.1 | 102.1 |
| 2020-Q1 | 103.7 | 104.4 | 103.2 | 101.2 |
| 2019-Q4 | 103.6 | 104.2 | 103.4 | 101.0 |
| 2019-Q3 | 103.9 | 103.8 | 105.1 | 101.4 |
| 2019-Q2 | 103.1 | 103.6 | 103.0 | 100.4 |
| 2019-Q1 | 102.2 | 102.7 | 102.2 | 99.2 |
| 2018-Q4 | 102.1 | 102.6 | 101.8 | 99.8 |
| 2018-Q3 | 102.7 | 102.4 | 104.2 | 100.3 |
| 2018-Q2 | 101.9 | 102.2 | 102.3 | 99.2 |
| 2018-Q1 | 101.3 | 101.5 | 101.8 | 98.6 |
| 2017-Q4 | 101.2 | 101.6 | 101.1 | 98.9 |
| 2017-Q3 | 101.2 | 100.9 | 102.8 | 99.4 |
| 2017-Q2 | 100.9 | 101.0 | 101.0 | 99.7 |
| 2017-Q1 | 100.5 | 100.6 | 100.7 | 99.2 |
| 2016-Q4 | 100.5 | 100.8 | 100.2 | 99.3 |
| 2016-Q3 | 100.7 | 100.5 | 101.6 | 99.3 |
| 2016-Q2 | 100.3 | 100.6 | 100.0 | 98.5 |
| 2016-Q1 | 99.9 | 100.2 | 99.7 | 98.4 |
| 2015-Q4 | 100.0 | 100.4 | 99.5 | 99.5 |
| 2015-Q3 | 100.5 | 100.1 | 101.6 | 100.7 |
| 2015-Q2 | 99.9 | 99.9 | 99.6 | 99.8 |
| 2015-Q1 | 99.6 | 99.7 | 99.3 | 100.0 |
graphiqueProducer price indices for all services
- Source: INSEE
All markets: -0.2%
In the fourth quarter of 2023, producer prices of services fell over a quarter (-0.2% after +0.3%). Prices of services sold to households in France fell back (-1.3% after +0.7%) and those for foreign markets dropped again (-1.2% after -0.2%), while those for services sold to home businesses rose (+0.4% after +0.2%).
Over a year, producer prices of services –for all markets– accelerated in the fourth quarter of 2023 (+1.3% after +0.9% in the third quarter of 2023). They were 8.7% above their level of the fourth quarter of 2020.
tableauServices producer price indices for all markets (BtoAll*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2023 Q4 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 113.2 | -0.2 | 1.3 |
| H: transportation and storage services | 194 | 122.1 | -2.5 | -2.9 |
| I: accommodation and food service activities | 103 | 119.1 | -0.9 | 4.6 |
| J: information and communication services | 201 | 102.6 | 1.4 | 1.1 |
| L: real estate activities | 136 | 111.4 | 0.2 | 2.0 |
| M: professional, scientific and technical activities | 191 | 111.5 | 0.4 | 2.3 |
| N: administrative and support service activities | 166 | 115.6 | 0.4 | 3.8 |
- *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: +0.4%
In the fourth quarter of 2023, producer prices of services sold to home businesses accelerated over a quarter (+0.4% after +0.2%); over a year, they decelerated slightly (+2.5% after +2.7%).
tableauServices producer price indices: services sold to home businesses (BtoB*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2023 Q4 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 113.8 | 0.4 | 2.5 |
| H: transportation and storage services | 193 | 122.9 | -1.0 | 0.9 |
| I: accommodation and food service activities | 46 | 118.1 | 1.0 | 5.8 |
| J: information and communication services | 233 | 103.9 | 1.7 | 1.7 |
| L: real estate activities | 95 | 118.7 | 0.3 | 2.4 |
| M: professional, scientific and technical activities | 214 | 110.9 | 0.6 | 2.5 |
| N: administrative and support service activities | 211 | 116.0 | 0.3 | 4.1 |
- *BtoB: business to business
- The sector S "Other services" is not displayed due to its low economic weight.
- Source: INSEE
Acceleration of prices for information and communication services
In the fourth quarter of 2023, prices for information and communication services were back on the rise over a quarter (+1.7% after -0.5%), driven by higher television programming and broadcasting service prices (+19.9% after -7.0%). Over a year, prices for information and communication services also accelerated (+1.7%, after +1.0% in the third quarter of 2023). These prices were 3.3% above their Q4 2020 level.
Downturn of prices for transportation and storage services
In the fourth quarter of 2023, prices for transportation and storage services fell back over a quarter (-1.0% after +0.9%), due to the seasonal decline in prices for passenger transport services. Over a year, they slowed down in the fourth quarter of 2023 (+0.9% after +1.5%). They were 13.3% above their Q4 2020 level.
Rise of prices for accommodation and food services
Prices for accommodation and food services rebounded over a quarter (+1.0% after -0.3%), mainly driven by hotels and similar accommodation services (+2.6% after -0.6%). Over a year, prices for accommodation services slowed down but remained up sharply (+5.8% after +6.7%). They were 19.5% above their Q4 2020 level.
Rise of prices for professional, scientific and technical activities
In the fourth quarter of 2023, prices for professional, scientific and technical activities rose over a quarter (+0.6% after 0.0%). In particular, prices for services related to media representation rebounded sharply (+10.7% after -4.8%).
Over a year, prices for professional, scientific and technical activities slowed down slightly in the fourth quarter of 2023 (+2.5% after +2.8%). They were 6.7% above their Q4 2020 level.
Rise of prices for administrative and support service activities and for real estate activities
In the fourth quarter of 2023, prices for administrative and support service activities rose over a quarter (+0.3% after +0.4%). Over a year, they continued to decelerate in the fourth quarter of 2023 (+4.1% after +4.7% in the third quarter and +5.5% in the second quarter). They were 11.4% above their level in the fourth quarter of 2020.
In the fourth quarter of 2023, prices for real estate services went up over a quarter (+0.3% after 0.0%) driven by the prices for rental and operating services for owned or leased real estate (+0.4% after +0.1%). Over a year, they continued to decelerate (+2.4% after +2.5% in the third quarter and +3.6% in the second quarter). They were 7.2% above their level in the fourth quarter of 2020.
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 | |
|---|---|---|---|---|---|---|
| 2023-Q4 | 122.9 | 118.1 | 103.9 | 118.7 | 110.9 | 116.0 |
| 2023-Q3 | 124.1 | 116.9 | 102.2 | 118.3 | 110.2 | 115.6 |
| 2023-Q2 | 123.0 | 117.2 | 102.7 | 118.3 | 110.2 | 115.1 |
| 2023-Q1 | 122.8 | 112.8 | 101.5 | 116.8 | 109.2 | 113.3 |
| 2022-Q4 | 121.8 | 111.6 | 102.2 | 115.9 | 108.2 | 111.4 |
| 2022-Q3 | 122.3 | 109.6 | 101.2 | 115.4 | 107.2 | 110.4 |
| 2022-Q2 | 120.7 | 107.0 | 101.4 | 114.2 | 106.8 | 109.1 |
| 2022-Q1 | 116.7 | 102.3 | 100.5 | 113.2 | 105.6 | 107.2 |
| 2021-Q4 | 114.6 | 102.5 | 100.6 | 111.1 | 105.1 | 106.1 |
| 2021-Q3 | 113.7 | 102.5 | 99.4 | 110.4 | 103.9 | 105.6 |
| 2021-Q2 | 110.5 | 100.0 | 100.3 | 110.5 | 104.1 | 105.1 |
| 2021-Q1 | 109.9 | 98.8 | 99.9 | 110.0 | 103.9 | 104.9 |
| 2020-Q4 | 108.5 | 98.8 | 100.6 | 110.7 | 103.9 | 104.1 |
| 2020-Q3 | 108.6 | 100.9 | 100.1 | 111.6 | 103.2 | 104.5 |
| 2020-Q2 | 108.9 | 98.9 | 99.9 | 109.7 | 103.4 | 103.9 |
| 2020-Q1 | 108.5 | 101.0 | 100.5 | 110.0 | 103.4 | 103.9 |
| 2019-Q4 | 106.8 | 102.0 | 101.3 | 108.7 | 103.7 | 103.7 |
| 2019-Q3 | 107.0 | 101.8 | 100.9 | 107.5 | 103.0 | 103.7 |
| 2019-Q2 | 106.8 | 102.5 | 101.0 | 105.7 | 103.2 | 103.2 |
| 2019-Q1 | 105.5 | 99.6 | 100.2 | 105.3 | 102.0 | 103.1 |
| 2018-Q4 | 104.9 | 100.1 | 100.7 | 104.2 | 102.2 | 102.6 |
| 2018-Q3 | 105.1 | 99.5 | 100.7 | 103.6 | 101.5 | 102.8 |
| 2018-Q2 | 104.1 | 100.8 | 101.0 | 104.0 | 101.1 | 102.4 |
| 2018-Q1 | 102.6 | 99.1 | 100.2 | 103.3 | 101.0 | 102.0 |
| 2017-Q4 | 102.1 | 99.6 | 101.1 | 104.3 | 101.2 | 101.4 |
| 2017-Q3 | 101.5 | 98.0 | 100.0 | 103.1 | 100.4 | 101.2 |
| 2017-Q2 | 101.2 | 99.2 | 100.5 | 103.2 | 100.7 | 101.1 |
| 2017-Q1 | 100.7 | 97.7 | 100.1 | 102.8 | 100.8 | 100.6 |
| 2016-Q4 | 100.3 | 98.5 | 101.0 | 102.2 | 100.8 | 100.7 |
| 2016-Q3 | 100.4 | 97.9 | 100.1 | 102.9 | 100.3 | 100.6 |
| 2016-Q2 | 99.8 | 100.0 | 100.6 | 101.0 | 101.5 | 100.6 |
| 2016-Q1 | 99.4 | 97.4 | 100.2 | 100.7 | 101.4 | 100.3 |
| 2015-Q4 | 99.6 | 98.2 | 100.8 | 100.0 | 101.6 | 100.1 |
| 2015-Q3 | 100.4 | 104.2 | 99.8 | 99.8 | 99.5 | 99.9 |
| 2015-Q2 | 100.4 | 98.9 | 99.9 | 100.0 | 99.6 | 100.0 |
| 2015-Q1 | 99.6 | 98.7 | 99.6 | 100.2 | 99.4 | 99.9 |
graphiqueProducer price indices of services sold to French businesses
- Source: INSEE
Services sold to households in France: -1.3%
In the fourth quarter of 2023, producer prices of services sold to households in France fell over a quarter (-1.3% after +0.7%), notably due to seasonal price downturns for transportation and storage services (-5.4% after +2.9%) and for accommodation and food service activities (-1.2% after +1.4%). Prices for real estate services were virtually stable (-0.1% after +0.3%). Conversely, prices for information and communication services rose (+0.2% after -2.8%), as did those for professional, scientific and technical services (+0.4% after -0.2%) and those for administrative and support services (+1.5% after 0.0%).
Producer prices of services sold to households in France decelerated slightly year on year in the fourth quarter of 2023 (+1.8% after +2.0%) and were 8.6% above their Q4 2020 level.
tableauServices producer price indices: services sold to households in France (BtoC*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2023 Q4 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 112.3 | -1.3 | 1.8 |
| H: transportation and storage services | 160 | 123.5 | -5.4 | 2.8 |
| I: accommodation and food service activities | 284 | 118.7 | -1.2 | 3.4 |
| J: information and communication services | 133 | 98.8 | 0.2 | -1.9 |
| L: real estate activities | 294 | 105.3 | -0.1 | 1.6 |
| M: professional, scientific and technical activities | 78 | 120.7 | 0.4 | 0.7 |
| N: administrative and support service activities | 37 | 107.5 | 1.5 | 2.9 |
- *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: ‑1.2%
In the fourth quarter of 2023, producer prices for exported services went down (-1.2%, after -0.2%), driven by the fall of those for transportation and storage services (-4.0% after -2.5%). In particular, prices fell for maritime and coastal freight transport services, (-3.4% after -9.1%), as well as passenger air transport services, due to increased competition. Prices for administrative and support services accelerated (+0.9% after +0.5%), as did those for information and communication services (+0.8% after 0.0%). Lastly, prices for professional, scientific and technical services fell back (-0.2% after +1.1%).
Over a year, producer prices for exported services fell sharply in the fourth quarter of 2023 for the fifth consecutive quarter (-5.3% after -10.2% in the third quarter). However, production prices for exported services were still 8.9% above their fourth quarter 2020 level.
tableauServices producer price indices: services sold on foreign markets (BtoE*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2023 Q4 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 111.7 | -1.2 | -5.3 |
| H: transportation and storage services | 279 | 116.4 | -4.0 | -21.4 |
| J: information and communication services | 183 | 98.4 | 0.8 | 1.7 |
| M: professional, scientific and technical activities | 323 | 108.5 | -0.2 | 2.6 |
| N: administrative and support service activities | 205 | 117.6 | 0.9 | 2.0 |
- *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
Revisions
Compared to the previous release, the variation of the producer price index for services sold to all markets in the third quarter 2023 has been revised downwards by 0.1 points, to +0.3%.
tableauRevision of variations
| Services producer price indices | 2023 Q1 / 2022 Q4 | 2023 Q2 / 2023 Q1 | 2023 Q3 / 2023 Q2 |
|---|---|---|---|
| services sold to all markets (BtoAll) | 0.1 | // | -0.1 |
| - services sold to home businesses (BtoB) | 0.1 | 0.1 | -0.1 |
| - services sold to households in France (BtoC) | -0.1 | 0.1 | 0.1 |
| - exported services (BtoE) | // | 0.1 | -0.1 |
- //: unrevised evolution (after rounding)
- How to read it: the variation of the producer prices of services sold to home buisnesses between the second quarter of 2023 and the third quarter of 2023 has been revised by -0.1 points: published in November 2023 equal to +0.3%, it has been updated to +0.2%.
- Source: INSEE
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.
Further information (methodological documentation, classification, etc.) is available by the “Documentation” tab on the web page of this publication.
Next publication: 31 May 2024 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.
Further information (methodological documentation, classification, etc.) is available by the “Documentation” tab on the web page of this publication.
Next publication: 31 May 2024 at 12.00 p.m.