In Q1 2016, producer prices of services sold to French businesses were virtually stableServices producer price indices - 1st Quarter 2016

In the first quarter of 2016, producer prices of services sold to French businesses were almost unchanged (-0.1% following +0.3% in the previous quarter).

SPPI, production sold to French businesses

In the first quarter of 2016, producer prices of services sold to French businesses were almost unchanged (−0.1% following +0.3% in the previous quarter).

Fall in prices for information-communication and transportation-storage services

Prices for information and communication services faltered in Q1 (−0.5% after +1.0%). As every year at this time, prices for radio and television broadcasting services fell back strongly (−8.6%).

Prices for transportation and storage services decreased again (−0.3% after −0.8% in the previous quarter). Prices in land transport services fell, driven down by the decline in prices for gas oil and by a greater competition.

This fall was only partially offset by the rise in prices for storage services and transportation support activities.

Virtual stability in prices for scientific and technical services and for real estate activities

Prices for scientific and technical services were almost unchanged this quarter (+0.1% after +2.1% in the previous quarter). The increase in prices for legal and accounting services (+0.4%) and for architectural and engineering services (+1.0%) was almost entirely offset by the decline in prices for advertising and market research services (−1.7%) and for activities of head offices and management consulting services (−1.2%).

Prices for real estate activities were also practically stable (−0.1% following +0.2%).

Stability in prices for administrative and support services

Prices for administrative and support services held steady in the first quarter (0.0% after +0.2% in the fourth quarter of 2015) despite some rises related to contractual and salary revaluations at the beginning of the year in services to buildings and in administrative services.

SPPI, production sold to households in France

Producer prices of services sold to households in France rose slightly (+0.2% following −2.1%), as those for real estate activities (+0.3%). Prices for accommodation and food services recovered (+0.9% after −3.4%). However, prices for transportation and storage decreased (−0.5%), as those for scientific and technical services (−0.6%).

SPPI, production sold on foreign markets

Producer prices of services sold on foreign markets fell again (−0.8% after −1.2%), driven down by prices for transportation and storage (−2.2%). Prices for air and water transport services dipped (respectively −4.9% and −4.8%) due to the fall in prices for heavy fuel oil and to a greater competition. On the contrary, prices for information and communication services recovered slightly (+0.3% after −2.8%).

SPPI (all markets)

In the first quarter of 2016, on all markets, services producer prices were practically stable (−0.1% after −0.5%). Year over year, they rose by 0.4%.

Graphique1 – Producer price indices for all services

  • Source: INSEE

Graphique3 – Services producer price indices, all markets

  • Source: INSEE

Graphique2 – Producer price indices of services sold to French businesses

  • Source: INSEE

Tableau1 – Services producer price indices, by sector:

reference year: 2010
Services producer price indices, by sector:
Sections and choices of Weight Indices Change in %
levels in NAF rev.2 2016T01 Q/Q-1 Q/Q-4
Prices of services sold to French businesses (BtoB)
HN : all services 1000 102.4 –0.1 0.6
H : transport. and storage 187 105.6 –0.3 –0.3
49 : land and pipeline transport 83 103.8 –0.9 –1.1
52 : warehousing and auxiliary services for transport 72 107.2 0.8 0.5
I : accommodation and food 32 nd nd nd
J : information and communic. 222 95.0 –0.5 0.8
62 : IT services 72 101.7 –0.3 0.6
L : real estate activities 100 103.4 –0.1 –0.2
M : prof.. scient. and tech. 200 102.3 0.1 2.3
69 : legal and accounting services 40 105.4 0.4 0.1
70 : activities of head offices and management consulting services 36 104.1 –1.2 1.3
71 : architectural and engineering services 74 101.8 1.0 4.4
73 : advertising and market research services 22 96.8 –1.7 0.3
N : administ. and support serv. 260 104.9 0.0 0.2
77 : renting & leasing services 54 99.2 –0.2 –0.8
78 : employment services 39 107.8 –0.2 0.1
82 : Office administrative and support services 49 107.3 0.0 0.4
Prices of services sold to households in France (BtoC)
HN : all services 1000 104.8 0.2 0.4
H : transport. and storage 168 106.7 –0.5 –0.9
I : accommodation and food 337 112.4 0.9 0.7
J : information and communic. 186 90.9 0.1 1.3
L : real estate activities 177 105.9 0.3 0.6
M : prof.. scient. and tech. 71 102.7 –0.6 0.3
N : administ. and support serv. 43 98.5 0.2 –1.0
Export prices of services (BtoE)
HN : all services 1000 95.8 –0.8 –1.3
H : transport. and storage 473 90.7 –2.2 –5.3
J : information and communic. 87 81.7 0.3 2.7
L : real estate activities 1 104.1 –0.2 –0.4
M : prof.. scient. and tech. 144 101.6 –0.3 0.5
N : administ. and support serv. 295 104.5 –0.2 0.0
Prices of services sold on all markets (BtoAll)
HN : all services 1000 102.5 0.0 0.4
H : transport. and storage 200 103.5 –0.6 –1.2
I : accommodation and food 98 112.4 1.0 0.7
J : information and communic. 208 93.6 –0.3 1.0
L : real estate activities 113 104.6 0.1 0.2
M : scient. and tech. services 167 102.3 0.0 1.8
N : administ. and support serv. 204 104.9 0.0 0.1
  • s: statistical confidentiality
  • BtoB: business to business
  • BtoC: business to consumer
  • BtoE: business to exports
  • BtoAll: business to all
  • Source: INSEE

Tableau3 – Measure of revision

in percentage points
Measure of revision
Services producer price indices 2015T04 / 2015T03
- services sold to all markets //
- services sold to French businesses 0.2
- services sold to consumers in France –0.3
- export of services –0.3
  • How to read it: the change in the services price index for services sold to French businesses between the third and the fourth quarter 2015 published at the end of February was 0.1%. It has been revised at +0.3%; that is to say a revision of +0.2 point.
  • Source: INSEE