In the second quarter of 2015, producer prices of services sold to French businesses rallied (+0.4%)Services producer price indices - 2nd quarter 2015

In the second quarter of 2015, producer prices of services sold to French businesses rallied (+0.4% following –0,2%).

SPPI, production sold to French businesses

In the second quarter of 2015, producer prices of services sold to French businesses rallied (+0.4% following –0,2%).

Rise in prices for transportation and storage, information and communication, and administrative and support services

Prices for transportation and storage services moved up in the second quarter (+0.6%). Prices for sea and coastal water freight transport services rallied (+3.4%) following a significant decline in the previous quarter (–10.7%). Prices for freight road transport services also rebounded (+1.0% following –1.2%), driven by higher diesel oil prices. Conversely, prices for freight air transport services dropped (–0.4%) following two consecutive quarters of rise (+1.0% and then +1.6%).

Prices for information and communication services advanced (+0.4%). The seasonal rise in prices for advertising spaces affected prices for media representation services (+4.1% following –4.3%) and radio broadcasting services (+4.7% following –9.1%). Prices for IT services increased slightly (+0.3% following –0.2%).

Prices for administrative and support services rallied (+0.3% after –0.3%). Prices for employment activities rose slightly (+0.2%). Conversely, prices for rental and leasing services dipped slightly (–0.3% following –0.2%).

Near stability in prices for professional, scientific and technical services and real estate activities

Prices for professional, scientific and technical services were virtually unchanged (+0.1%), notably for legal and accounting services (–0.1%) and management consulting services (–0.1%). Prices for engineering services picked up slightly (+0.2 following –0.9%). Advertising prices rose significantly (+1.4%). Prices for real estate activities remained stable (+0.1%).

SPPI, production sold to households in France

Producer price of services sold to households in France advanced at the same rate as in the last quarter (+0.6%). In particular, services related to tourism (most notably travel agency and passenger air transport services) rose anew.

SPPI, production sold on foreign markets

Producer prices of services sold on foreign markets were stable in the second quarter (0.0% following –0.4%). Prices for transportation and storage services continued to fall (–0.6% following –2.8%). This was mainly due to the significant decline in prices for freight air transport services (–4.1% after –0.7%) and sea and coastal water freight transport services. Prices for licensing services rose anew, but more moderately than in the previous quarter (+1.2% following +5.9%).

SPPI (all markets)

On all markets, services producer prices advanced by 0.4% in Q2 2015 after having been stable in the previous quarter. Year-on-year they increased by 0.4%.

Graphique1 – Producer price indices for all services

Graphique2 – Producer price indices of services sold to French businesses

  • Source: INSEE

Graphique3 – Services producer price indices, all markets

  • Source: INSEE

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 2015Q02 Q/Q-1 Q/Q-4
Prices of services sold to French businesses (BtoB)
HN : all services 1000 102.1 0.4 0.2
H : transport. and storage 187 106.8 0.6 0.2
49.41 : freight trans. by road 65 105.3 1.0 –0.7
J : information and comm. 222 94.6 0.4 0.2
62 : IT services 87 101.5 0.3 0.2
L : real estate activities 100 104.3 0.1 1.2
M : prof., scient. and tech. 200 100.3 0.1 0.1
69 : legal and accounting 38 105.2 –0.1 1.5
70.2 : mgmt. consulting serv. 43 102.8 –0.1 0.9
71.12 : engineering 64 97.7 0.2 –1.2
73.1 : advertising 26 96.2 1.4 0.4
N : administ. and support 260 104.8 0.3 –0.3
77 : renting & leasing serv. 83 99.8 –0.3 –1.1
78 : employment activities 50 107.9 0.2 0.3
81 : services to buildings and landscape activities 28 105.0 0.0 –0.6
S95 : repair of computers and person. and household goods 9 105.5 0.0 0.1
Prices of services sold to households in France (BtoC)
HN : all services 1000 104.0 0.6 1.2
H : transport. and storage 168 108.6 1.2 1.7
I : accomodation and food 337 109.5 0.3 1.3
J : information and comm. 186 88.9 0.7 1.4
L : real estate activities 177 105.8 0.6 0.8
M : prof., scient. and tech. 71 102.8 0.0 0.0
N : administ. and support 43 99.7 2.1 –0.4
S95 : repair of computers and person. and household goods 18 109.8 0.4 1.2
Export prices of services (BtoE)
HN : all services 1000 96.2 0.0 0.0
H : transport. and storage 473 92.7 –0.6 –4.2
49.41 : freight transp. by road 64 107.9 –0.3 0.4
51.21 : freight air transport 21 126.2 –4.1 –1.6
53 : postal and courier serv. 13 122.9 0.0 7.7
JB : telecommunications 51 56.0 0.0 2.1
62 : IT services 23 100.0 0.5 0.9
70.2 : mgmt. consulting serv. 48 96.2 –0.9 –0.2
71.12 : engin. & tech. consult. 66 104.4 0.0 1.2
77.40 : licensing services 146 111.8 1.2 12.3
Prices of services sold on all markets (BtoAll)
HN : all services 1000 102.1 0.4 0.4
H : transport. and storage 200 104.9 0.5 –0.3
I : accomodation and food 98 109.5 0.5 1.3
J : information and comm. 208 92.8 0.5 0.5
L : real estate activities 113 104.9 0.2 1.1
M : prof., scient. and tech. 167 100.7 0.1 0.2
N : administ. and support 204 105.1 0.5 0.4
S95 : repair of computers and person. and household goods 11 107.3 0.2 0.6

    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 2015Q01 / 2014Q04
    - services sold to all markets //
    - services sold to French businesses -0.1
    - services sold to consumers in France //
    - export of services 0.3
    • Reading note : the change in export index between the fourth quarter 2014 and the first quarter 2015 published at the end of May was –0.7%. It has been revised at –0.4%; that is to say a revision of +0.3 point, due to the incorporation of late responses in the sea and coastal water freight transport services.
    • Source : INSEE