In Q2 2017, producer prices for services sold to French businesses increased by 0.5%Services producer price indices - second quarter 2017

In the second quarter of 2017, producer prices of services sold to French businesses went up by 0.5%, after edging down in the beginning of the year (−0.2%). Year over year, they rose by 0.4%, as in the previous quarter.

SPPI, production sold to French businesses

In the second quarter of 2017, producer prices of services sold to French businesses went up by 0.5%, after edging down in the beginning of the year (−0.2%). Year over year, they rose by 0.4%, as in the previous quarter.

Rise in prices for most services in the second quarter

After three quarters of virtual stability, prices for admistrative and support services picked up in the second quarter 2017 (+0.7% ; +0.8% year over year), especially because of the rise in prices for employment services (+1.4%).

Prices for transport and storage services gathered pace (+0.6% after +0.3%). This increase was driven by the impact of the petroleum price strengthening in the beginning of the year on prices for service activities incidental to transportation as well as by a lesser competition in sea and coastal water freight transport services.

Prices for accomodation-food services recovered seasonally (+1.6% after −1.0% ; −0.8% year over year).

Lastly, prices for real estate activities picked up slightly (+0.7% after +0.5% ;+2.4% year over year), mainly thanks to renting and operating services of own or leased real estate.

Stability in prices for information-communication services and for scientific and technical services

Prices for information-communication services were stable in the second quarter 2017 (after −0.7% in the first quarter ; −0.2% year over year) as well as those for scientific and technical services (after −0.1% ; −0.9% year over year).

SPPI, production sold to households in France

In the second quarter of 2017, producer prices of services sold to households in France gathered pace (+0.5% after +0.3% ; +1.0% year over year) mainly because of rises in prices for transport and storage services (+1.3%) and for real estate activities (+0.5%). Only prices for administrative and support services declined (−0.9% ; −1.3% year over year).

SPPI, production sold on foreign markets

After two quarters of stability, export prices rose anew (+0.4%). This rise in prices is due to an increase in prices of transport and storage services (+1.6%), partially offset by a decline in prices of scientific and technical services (−0.5%) and administrative and support services (−0.3%).

SPPI (all markets)

In the second quarter of 2017, on all markets, producer prices of services sped up (+0.5% after 0.0%). Year over year, they remained quite buoyant: +0.7% after 0.6%.

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 2017Q02 Q/Q-1 Q/Q-4
Prices of services sold to French businesses (BtoB)
HN : all services 1000 103.2 0.5 0.4
H : transport. and storage 180 107.5 0.6 1.3
49 : land and pipeline transport 81 106.1 0.1 1.1
52 : warehousing and auxiliary services for transport 73 107.7 0.6 0.8
I : accommodation and food 44 112.3 1.6 –0.8
J : information and communic. 237 95.0 0.0 –0.2
62 : IT services 92 102.1 0.1 0.1
L : real estate activities 103 106.9 0.7 2.4
M : prof., scient. and tech. 218 101.3 0.0 –0.9
69 : Legal and accounting services 46 103.9 0.0 –0.8
70 : activities of head offices and management consulting services 47 102.9 –0.5 –1.4
71 : Architectural and engineering services 83 100.4 0.1 –1.0
73 : Advertising and market research services 26 98.9 0.9 0.5
N : administ. and support serv. 210 106.1 0.7 0.8
77 : renting & leasing services 60 98.7 –0.2 –0.9
78 : employment services 52 109.8 1.4 1.8
82 : Office administrative and support services 46 109.7 1.4 1.7
Prices of services sold to households in France (BtoC)
HN : all services 1000 106.1 0.5 1.0
H : transport. and storage 153 110.0 1.3 2.6
I : accommodation and food 255 114.0 0.4 1.0
J : information and communic. 179 91.5 0.3 0.5
L : real estate activities 284 106.9 0.5 0.5
M : prof., scient. and tech. 73 104.6 0.8 2.6
N : administ. and support serv. 42 97.0 –0.9 –1.3
Export prices of services (BtoE)
HN : all services 1000 96.7 0.4 1.3
H : transport. and storage 313 93.4 1.6 2.8
J : information and communic. 148 81.0 –0.1 0.5
M : prof., scient. and tech. 215 101.0 –0.5 0.2
N : administ. and support serv. 314 105.3 –0.3 0.9
Prices of services sold on all markets (BtoAll)
HN : all services 1000 103.5 0.5 0.7
H : transport. and storage 189 105.8 0.9 1.8
I : accommodation and food 92 113.4 0.7 0.4
J : information and communic. 212 93.7 0.1 0.0
L : real estate activities 136 106.9 0.6 1.4
M : scient. and tech. services 181 101.7 0.0 –0.4
N : administ. and support serv. 180 105.8 0.4 0.6
  • 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 2017T01 / 2016T04
- services sold to all markets –0,1
- services sold to French businesses –0,2
- services sold to consumers in France //
- export of services //
  • How to read it: the change in the services price index for services sold to French businesses between the fourth quarter 2016 and the first quarter 2017 published at the end of May 2017 was 0.0%. It has been revised at –0.2%; that is to say a revision of (0.2 points.
  • Source : INSEE