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In Q3 2017, producer prices for services sold to French businesses decreased by 0.2%Services producer price indices - third quarter 2017

In the third quarter of 2017, producer prices of services sold to French businesses dipped slightly (−0.2% after +0.5%). Year over year, they grew by 0.5%, as in the previous quarter.

SPPI, production sold to French businesses

In the third quarter of 2017, producer prices of services sold to French businesses dipped slightly (−0.2% after +0.5%). Year over year, they grew by 0.5%, as in the previous quarter.

Seasonal declines in prices for most services in the third quarter

Prices for information-communication services fell back in the third quarter of 2017 (−0.6% after +0.4%), due to the seasonal decline in prices for television programming and broadcasting services (−9.8%).

Prices for accomodation-food services dwindled (−1.2% after +1.5%), due to the seasonal decline in prices for hotels and similar accommodation services, aimed to professionals.

Prices for scientific and technical services went down by 0.3% (after −0.1%). The sharp fall in prices for media representation (−8.2%) was eased by the rise in prices for business and other management consulting services.

Prices for admistrative and support services declined slightly (−0.2% after +0.8%), in the wake of the decline of temporary employment agency services (−1.6% after +2.0%).

Virtual stability in prices for real estate activities

Prices for real estate activities held steady after their significant increase the previous quarter (+0.1% after +0.9%) and slowed down year over year (+0.8% after +2.7%).

Rise in prices for transport and storage services

Prices for transport and storage services remained buoyant (+0.5% as in the previous quarter and +1.2% year over year) thanks to the seasonal rise in prices for passenger air transport.

SPPI, production sold to households in France

In the third quarter of 2017, producer prices of services sold to households in France sped up sharply (+1.6% after +0.3%). This rise, widely seasonal, came essentially from accomodation-food services, transport and storage services and, to a lesser extent, real estate activities. Prices for other services were on slight decrease or stable.

SPPI, production sold on foreign markets

After their rise in the previous quarter (+0.5%), export prices were virtually stable in the third quarter (−0.1%). The fall in prices for admistrative and support services (−1.8%) was offset by the rise in prices for transport and storage services (+1.7%).

SPPI (all markets)

In the third quarter of 2017, on all markets, producer prices of services slowed down slightly (+0.3% after +0.5%). Year over year, they rose by 0.7% (after +0.8%).

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 2017Q03 Q/Q-1 Q/Q-4
Prices of services sold to French businesses (BtoB)
HN : all services 1000 103.1 –0.2 0.5
H : transport. and storage 180 108.0 0.5 1.2
49 : land and pipeline transport 81 106.4 0.2 1.0
52 : warehousing and auxiliary services for transport 73 107.3 –0.2 0.8
I : accommodation and food 44 111.0 –1.2 0.1
J : information and communic. 237 94.8 –0.6 0.0
62 : IT services 92 101.7 –0.4 –0.5
L : real estate activities 103 107.3 0.1 0.8
M : prof., scient. and tech. 218 101.1 –0.3 0.1
69 : Legal and accounting services 46 103.6 –0.3 –0.3
70 : activities of head offices and management consulting services 47 104.2 1.0 0.4
71 : Architectural and engineering services 83 100.1 0.1 0.0
73 : Advertising and market research services 26 96.7 –2.5 1.3
N : administ. and support serv. 210 106.0 –0.2 0.6
77 : renting & leasing services 60 98.7 0.0 –0.5
78 : employment services 52 108.7 –1.4 0.8
82 : Office administrative and support services 46 109.1 –0.9 1.3
Prices of services sold to households in France (BtoC)
HN : all services 1000 107.8 1.6 1.0
H : transport. and storage 153 113.4 3.1 2.8
I : accommodation and food 255 117.6 2.9 1.6
J : information and communic. 179 90.6 –0.3 –0.5
L : real estate activities 284 108.3 1.3 0.5
M : prof., scient. and tech. 73 104.6 0.0 1.9
N : administ. and support serv. 42 96.8 –0.2 –1.7
Export prices of services (BtoE)
HN : all services 1000 96.8 –0.1 0.5
H : transport. and storage 313 95.6 1.7 3.1
J : information and communic. 148 80.2 –0.4 –1.0
M : prof., scient. and tech. 215 101.8 0.5 0.9
N : administ. and support serv. 314 103.6 –1.8 –1.3
Prices of services sold on all markets (BtoAll)
HN : all services 1000 103.9 0.3 0.7
H : transport. and storage 189 107.2 1.1 1.9
I : accommodation and food 92 115.4 1.6 1.1
J : information and communic. 212 93.3 –0.5 –0.2
L : real estate activities 136 107.8 0.7 0.7
M : scient. and tech. services 181 101.7 –0.1 0.5
N : administ. and support serv. 180 105.4 –0.6 0.0
  • 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 2017T02 / 2017T01
- services sold to all markets //
- services sold to French businesses //
- services sold to consumers in France -0.2
- export of services 0.1
  • //: unchanged compared to the previous release
  • How to read it : there was no change in the variation of the services price index for services sold to French businesses between the first quarter and the second quarter 2017. Published at the end of August 2017at +0.5%, it has not been revised.
  • Source: INSEE