In the first quarter 2015, producer prices of services sold to French businesses were virtually unchangedServices producer price indices - 1st Quarter 2015

In the first quarter of 2015, producer prices of services sold to French businesses were almost unchanged as in the last quarter (–0.1% following 0,0%), but the movements by products were contrasted.

SPPI, production sold to French businesses

In the first quarter of 2015, producer prices of services sold to French businesses were almost unchanged as in the last quarter (–0.1% following 0,0%), but the movements by products were contrasted.

Overall stability in prices for transportation and storage services and information and communication services

Prices for sea and coastal water freight transport services declined significantly (–12.8%) for the third quarter in a row. Prices for freight road transport services also fell (–1.0% following –0.7%). Conversely, prices for freight air transport services rose anew (+1.7% following +1.0%). In particular, prices for postal and courier services advanced strongly (+7.0% following +0.1%) driven by a readjustment of the rates. The seasonal decline in prices for advertising spaces affected prices for media representation services (–3.4% following +12.0%) and radio broadcasting services (–8.1% following +10.9%) while prices for television broadcasting services continued to rise (+5.1% following +19.5%). Prices for IT dipped slightly (–0.3% following +0.2%).

Prices for real estate services were almost unchanged (–0.1% following +0.6%).

Decline in prices for profesional, scientific and technical services (–0.3%), and administrative and support services (–0.2%)

Prices for engineering services dropped (–0.6% following +0.2%). Prices for legal and accounting services kept on rising (+0.4% following +0.9%), especially for legal services (+1.1%).

As in the last quarter, prices for rental and leasing services fell (–0.3% following –0.5%).

SPPI, production sold to households in France

Producer price of services sold to households in France moved up (+0.6% following –1.8%), most notably prices for accomodation and food services (+1.1%) which increased during the winter holidays.

SPPI, production sold on foreign markets

Producer prices of services sold on foreign markets continued to decline (–0.7% following –0.6%). As in the previous quarter, prices for transportation and storage services fell significantly (–3.2% following –2.6%), mainly due to the decline in prices for sea and coastal water freight transport services (–6.6% following –1.4%) and the seasonal decline in prices for passenger air transport services (–5.4%). Conversely, prices for licensing services advanced strongly (+5.8% following +1.8%) due to the depreciation of the euro (about –10% over this quarter against the dollar).

SPPI (all markets)

On all markets, services producer prices remained steady. Year–over–year, they were on the rise (+0.5%).

Graphique1 – Producer price indices for all services

Graphique2 – Producer price indices of services sold to French businesses

Graphique3 – Services producer price indices, all markets

Tableau1 – Services producer price indices, by sectors:

base and reference year: 2010
Services producer price indices, by sectors:
Sections and choices of Weight Indices Change in %
levels in NAF rev.2 2015T01 Q/Q-1 Q/Q-4
Prices of services sold to French businesses (BtoB)
HN : all services 1000 101.8 –0.1 0.3
H : transport. and storage 187 106.2 0.0 0.0
49.41 : freight road. transp 65 104.5 –1.0 –1.4
J : information and comm. 222 94.7 0.0 0.4
62 : IT services 87 101.2 –0.3 0.3
L : real estate activities 100 104.1 –0.1 0.9
M : prof., scient. and tech. 200 100.2 –0.3 0.0
69 : legal and accounting 38 105.2 0.4 1.3
70.2 : manag. consult. 43 102.7 0.2 0.1
71.12 : engineering 64 97.9 –0.6 –0.8
73.1 : advertising 26 94.9 –1.6 –0.4
N : administ. and support 260 104.3 –0.2 0.3
77.1 : renting of motor veh. 17 102.4 –0.1 –0.2
77.3 : renting of mach. 30 101.2 –0.5 –1.2
78 : employment activities 50 107.5 –0.1 0.8
81 : services to buildings and landscape activities 28 105.1 0.2 –0.1
S95 : repair of computers & pers. & household goods 9 105.8 –0.1 –0.2
Prices of services sold to households in France (BtoC)
HN : all services 1000 103.3 0.6 1.1
H : transport. and storage 168 107.3 0.6 2.6
I : accomodation and food 337 109.2 1.1 1.5
J : information and comm. 186 88.4 0.5 –0.2
L : real estate activities 177 105.1 0.1 0.7
M : prof., scient. and tech. 71 102.7 0.5 0.2
N : administ. and support 43 98.0 –1.5 –0.1
S95 : repair of computers & pers. & household goods 18 109.4 0.4 1.0
Export prices of services (BtoE)
HN : all services 1000 95.9 –0.7 0.4
H : transport. and storage 473 92.9 –3.2 –2.3
49.41 : freight road. transp 64 107.8 0.2 0.5
51.21 : freight air transport 21 132.6 0.0 1.6
53 : postal & courier serv. 13 122.9 7.7 7.7
JB : telecommunications 51 56.1 –0.1 –7.7
62 : IT services 23 98.9 –1.7 –0.2
70.22 : bus. & mgt consult 46 96.5 –0.3 –0.1
71.12 : eng. & tech consult. 66 104.5 0.6 1.7
77.40 : licensing services 146 110.3 5.8 12.9
Prices of services sold on all markets (BtoAll)
HN : all services 1000 101.8 0.0 0.5
H : transport. and storage 200 104.3 –0.4 0.1
I : accomodation and food 98 108.9 1.0 1.4
J : information and comm. 208 92.8 0.1 0.1
L : real estate activities 113 104.6 0.0 0.8
M : prof., scient. and tech. 167 100.6 –0.2 0.1
N : administ. and support 204 104.4 0.1 1.0
S95 : repair of computers & pers. & household goods 11 107.3 0.1 0.3

    Tableau3 – Measure of revision for each indicator at the HN 'all services' level

    Revision (in percentage point)
    Measure of revision for each indicator at the HN 'all services' level
    Services producer price indices 2014T04 / 2014T03
    - services sold to all markets //
    - services sold to French businesses //
    - services sold to consumers in France //
    - export of services 0.1(1)
    • (1) Reading note : the change in the index between the third and fourth quarters of 2014 published at the end of February 2015 was –0.7%. It has been revised to –0.6%; that is to say a revision of +0.1 point
    • Source: INSEE