In Q4 2016, producer prices for services sold to French businesses increased by 0.3%Services producer price indices - fourth quarter 2016

In the fourth quarter of 2016, producer prices of services sold to French businesses recovered from the previous quarter (+0.3% after −0.2%). Year over year, they also increased by 0.3%.

Publications for experts
Informations rapides – No 57
Paru le : 02/28/2017

SPPI, production sold to French businesses

In the fourth quarter of 2016, producer prices of services sold to French businesses recovered from the previous quarter (+0.3% after −0.2%). Year over year, they also increased by 0.3%.

Seasonal rebound in prices for scientific and technical services, information-communication services and accommodation-food services

Prices for scientific and technical services strenghtened (+0.8% after −1.1%), mainly as a result of a seasonal rise in prices for media representation services (+10.6% after −6.9%). Prices for information-communication services picked up (+1.0% after −0.5%), mainly thanks to prices for programmaing and broadcasting services (+12.2% after −12.1%). Prices for accomodation-food services bounced back (+0.8% after −2.0%), in particular those for hotel and similar accommodation services aimed to professionnals, after their summertime decrease.

Stability in prices for transport and storage services

Prices for transport and storage services held steady (after +0.5% in each of the two previous quarters). Year over year, they recovered (+0.7% after −0.1%).

Downturn in prices for real estate activities and for administrative and support services

Prices for real estate activities slipped back (−0.9% after +0.9%). This decrease came exclusively from that of prices for renting and operating services of real estate which is a result of a decline in company rents. Prices for administrative and support services decreased moderately (−0.2 % after +0.2 %).

SPPI, production sold to households in France

In the fourth quarter of 2016, producer prices of services sold to households in France fell back seasonally (−1.3% after +1.5%), mainly due to the decline in prices for accomodation-food services aimed to households (−2.2% after +2.5%) and those of real estate activities (−1.6% after +1.3%).

SPPI, production sold on foreign markets

Producer prices of services sold on foreign markets were stable in the fourth quarter (after +0.8%). A decline in prices for transportation and storage services (−1.3% after +1.9%) was offset by a rise in prices for administrative and support services (+0.9% after +0.7%) and a more moderate growth in prices for other services.

SPPI (all markets)

In the fourth quarter of 2016, on all markets, producer prices of services fell back by 0.2% after two quarters of modest rise. Year over year, they rose by 0.3% after a stability in the previous quarter.

Graphique1 – Producer price indices for all services

  • Source: INSEE

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 sector

reference year: 2010
Services producer price indices, by sector
Sections and choices of Weight Indices Change in %
levels in NAF rev.2 2016Q04 Q/Q-1 Q/Q-4
Prices of services sold to French businesses (BtoB)
HN : all services 1000 102.8 0.3 0.3
H : transport. and storage 184 106.6 0.0 0.7
49 : land and pipeline transport 81 105.6 0.5 0.8
52 : warehousing and auxiliary services for transport 73 107.0 0.5 0.7
I : accommodation and food 44 111.8 0.8 0.5
J : information and communic. 227 95.6 1.0 0.1
62 : IT services 88 102.8 0.6 0.7
L : real estate activities 105 104.1 –0.9 0.6
M : prof., scient. and tech. 214 101.8 0.8 –0.4
69 : Legal and accounting services 46 103.9 0.0 –1.0
70 : activities of head offices and management consulting services 43 104.7 1.0 –0.7
71 : Architectural and engineering services 83 100.5 0.3 –0.3
73 : Advertising and market research services 26 98.8 3.7 0.4
N : administ. and support serv. 218 105.3 –0.2 0.4
77 : renting & leasing services 61 99.3 –0.1 –0.1
78 : employment services 50 108.5 0.6 0.5
82 : Office administrative and support services 55 108.4 0.6 1.0
Prices of services sold to households in France (BtoC)
HN : all services 1000 105.3 –1.3 0.7
H : transport. and storage 151 108.2 –1.9 1.0
I : accommodation and food 258 113.2 –2.2 1.6
J : information and communic. 184 91.3 0.2 0.6
L : real estate activities 284 106.1 –1.6 0.5
M : prof., scient. and tech. 69 102.9 0.1 –0.4
N : administ. and support serv. 40 97.6 –0.9 –0.7
Export prices of services (BtoE)
HN : all services 1000 96.4 0.0 –0.1
H : transport. and storage 315 91.5 –1.3 –1.3
J : information and communic. 155 81.6 0.2 0.2
M : prof., scient. and tech. 225 101.2 0.3 –0.7
N : administ. and support serv. 296 105.9 0.9 1.1
Prices of services sold on all markets (BtoAll)
HN : all services 1000 102.9 –0.2 0.3
H : transport. and storage 190 104.6 –0.6 0.4
I : accommodation and food 94 112.7 –1.3 1.2
J : information and communic. 208 94.1 0.7 0.2
L : real estate activities 139 105.1 –1.2 0.6
M : scient. and tech. services 178 101.9 0.6 –0.4
N : administ. and support serv. 181 105.4 0.0 0.5
  • s: statistical confidentiality
  • BtoB: business to business
  • BtoC: business to consumer
  • BtoE: business to exports
  • BtoAll: business to all
  • Source: INSEE

Tableau3 – Revision of variations

in percentage points
Revision of variations
Services producer price indices 2016Q03 / 2016Q02
- services sold to all markets //
- services sold to French businesses //
- services sold to consumers in France //
- export of services 0.1
  • How to read it : the change in the services price index for export of services between the second quarter 2016 and the third quarter 2016 published at the end of November 2016 was +0.7%. It has been revised at +0.8%; that is to say a revision of +0.1 points.
  • Source: INSEE