In March 2016, producer prices in industry recovered (+0.2%)Industrial Producer and Import Price Indices - March 2016

On all markets (French market and foreign markets), prices recovered in March 2016 (+0.2% following -0.6%). Year over year, they decreased by 3.8%, mainly due to plummeting prices for refined petroleum products (-32.8%).

Informations rapides
No 114
Paru le : 29/04/2016
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

Producer prices in French industry: +0.2% in March

On all markets (French market and foreign markets), prices recovered in March 2016 (+0.2% following −0.6%). Year over year, they decreased by 3.8%, mainly due to plummeting prices for refined petroleum products (−32.8%).

FRENCH MARKET: +0.3%

In March 2016, French producer prices in industry for the French market advanced (+0.3%), driven up by prices for oil refining products, after three consecutive months of decline.

Prices for refined petroleum products rebounded

In March, prices for refined petroleum products picked up (+15.5%) after the slump of the three previous months (−16.7% in December, −13.7% in January and −0.9% February) in a context of strong increase in prices for crude oil. By products, rises ranged from +6.9% for bitumen to +21.3% for super unleaded.

Prices for other energy products slid again

Prices for mining and quarrying products, energy and water decreased for the fourth consecutive month (−0.6% following −1.5% in February as in January and −1.6% in December 2015). The slight rise in prices for electricity did not offset the significant fall in gas prices.

Slight decline in food prices

In March, food prices slid anew sligthly (−0.3%). The decline mainly concerned dairy products, oils and prepared feeds for farm animals.

Stability of other manufactured products

Prices for other manufactured products were stable in March after seven months of decline. The increase in prices for chemical products, related to the rise in prices for oil prices, was offset by the fall in prices for rubber and plastics products. Prices for others products of this sectors were stable or virtually stable.

FOREIGN MARKETS: +0.2%

Producer prices of French industrial products sold on foreign markets recovered (+0.2% following −0.6% in February and −0.8% in January), mainly due to higher prices for refined petroleum products and others manufactured produits.

Import price indices of industrial products: +1.1% in March

In March, import prices picked up (+1.1%), mainly due to a strong increase in prices for oil refining products. This rebound ended the near nonstop decline since June 2015.

Graphique1_EN – Total Industry price indices

  • reference year: 2010
  • Source: INSEE

Graphique2_EN – Producer price indices of manufactured products sold on the french market

  • reference year: 2010

Graphique3_EN – Import price indices of manufactured products

  • reference year: 2010
  • Source: INSEE

Tableau1 – French Producer Price Indices in industry according to the market where the products are sold:

reference year: 2010
French Producer Price Indices in industry according to the market where the products are sold:
Change in %
Levels A 10 and A 17 in CPF rev. 2. 2008 Weight Mar.16 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 101.7 0.3 –4.0
(DE) Mining and quarrying. energy. water 194 107.7 –0.6 –6.0
CZ: Manufactured prod. 806 99.9 0.5 –3.4
(C1) Food products. beverages. tobacco 186 107.2 –0.3 –1.0
(C2) Coke and refined petroleum products 56 64.9 15.5 –33.3
(C3) Electrical & electronic equip.. computers. mach. 72 101.1 0.2 –0.4
(C4) Transport equipment 111 103.8 0.0 0.2
(C5) Other man. products 380 100.0 0.0 –2.1
Foreign markets
BE:TOTAL INDUSTRY 1000 100.8 0.2 –2.9
(DE) Mining and quarrying. energy. water 32 89.5 –0.1 –8.5
CZ: Manufactured prod. 968 101.2 0.2 –2.8
(C1) Food products. beverages. tobacco 122 112.9 0.1 –0.8
(C2) Coke and refined petroleum products 26 61.4 8.5 –28.4
(C3) Electrical & electronic equip.. computers. mach. 180 99.3 –0.2 –0.9
(C4) Transport equipment 169 104.9 0.0 0.2
(C5) Other man. products 471 100.0 0.2 –3.8
All markets
BE:TOTAL INDUSTRY 1000 100.9 0.2 –3.8
(DE) Mining and quarrying. energy. water 155 106.9 –0.5 –6.1
CZ: Manufactured prod. 845 99.9 0.5 –3.2
(C1) Food products. beverages. tobacco 171 108.2 –0.3 –1.0
(C2) Coke and refined petroleum products 49 64.0 14.5 –32.8
(C3) Electrical & electronic equip.. computers. mach. 98 99.3 0.0 –0.6
(C4) Transport equipment 125 104.4 0.0 0.3
(C5) Other man. products 402 99.9 0.0 –2.5
  • Source: INSEE

Tableau2 – Import prices of industrial products

reference year: 2010
Import prices of industrial products
Change in %
Levels A 10 and A 17 of nomenclature CPF rev. 2. 2008 Weight Mar.16 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 93.5 1.1 –6.5
CZ: Manufactured prod. s 97.1 0.6 –3.9
(C1) Food products. beverages. tobacco 71 112.7 0.7 –0.1
(C2) Coke and refined petroleum products 53 62.9 15.2 –33.8
(C3) Electrical & electronic equip.. computers. mach. 225 96.3 –0.2 –1.6
(C4) Transport equipment 147 97.4 –0.1 –1.5
(C5) Other manufactured products s 99.7 0.1 –3.1
  • Source: INSEE

Tableau3 – Revision of each index at total industry level

Revision of the monthly change (in %)
Revision of each index at total industry level
Dec.15 / Nov.15 Jan.16 / Dec.15 Feb.16 / Jan.16
French producer prices in industry sold on:
- the French market // –0.1 //
- the foreign markets –0.1 –0.1 //
- all markets // // –0.1
Import prices of industrial products // –0.2 //
  • How to read it: the change of the index for all markets between Janv.16 and Févr.16 has been revised by −0.1 point: published last month equal to −0.5%, it has been updated to −0.6%