In Q4 2017, producer prices for services sold to French businesses recoveredServices producer price indices - fourth quarter 2017

In the fourth quarter of 2017, producer prices of services sold to French increased again (+0.7% after −0.2%). Year over year, they gathered pace (+0.8% after +0.4%).

Information: in accordance with the European directives, services producer price indices will be broadcast in reference and base 100 in 2015 from May 31st 2018. Additional information related to this change are available on the Web page of these indicators (flag: Documentation).

SPPI, production sold to French businesses

In the fourth quarter of 2017, producer prices of services sold to French increased again (+0.7% after −0.2%). Year over year, they gathered pace (+0.8% after +0.4%).

Seasonal rises in prices for scientific and technical services and information-communication services

Prices for scientific and technical services picked up in the fourth quarter 2017 (+0.8% after−0.2%), driven by the seasonal rebound, strong this year, in prices for media representation (+17.5%). In parallel, those for information-communication services also picked up (+0,7 % après −0,4 %), driven by prices for television programming and broadcasting activities (+12.1% after −10.0%). These seasonal rebounds were linked with the increase in advertising revenues by the end of the year.

Marked growths in prices for real estate activities and for accomodation-food services

Prices for real estate activities went up by 1.1% (after −0,3 % in the third quarter). Year over year, they accelerated (+2.0% after +0.2%). Prices for accomodation-food services also bounced back in the fourth quarter 2017 (+2.0% after −1.2%) thanks to the seasonal rise in prices for hotel and similar accommodation services aimed to professionals.

Lesser increases in prices for transport and storage services and for administrative and support services

Prices for transport and storage services grew modestly (+0.4%), driven by prices for storage and for support activities for transportation. Prices for administrative and support services increased also very slightly (+0,2%).

SPPI, production sold to households in France

In the fourth quarter of 2017, producer prices of services sold to households in France fell back (−1.5% after +1.7%). This downturn was due to the seasonal declines in prices for accomodation-food services, transport and storage services and for real estate activities. Prices for other services rose or were virtually stable.

SPPI, production sold on foreign markets

Export prices stabilised in the fourth quarter 2017 (−0.1% after −0.2%). The drop due to prices of transport and storage services (−1.3%) was reduced by the rise in prices for administrative and support services (+0.6%).

SPPI (all markets)

In the fourth quarter of 2017, on all markets, producer prices of services were stable (after +0.3%). Year over year, they slightly sped up (+0.8% after +0.6%).

Graphique1 – Producer price indices for all services

  • Reference year: 2010
  • Source: INSEE

Graphique2 – Producer price indices of services sold to French businesses

  • Reference year: 2010
  • Source: INSEE

Graphique3 – Services producer price indices, all markets

  • Reference year: 2010
  • 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 2017Q04 Q/Q-1 Q/Q-4
Prices of services sold to French businesses (BtoB)
HN : all services 1000 103.7 0.7 0.8
H : transport. and storage 180 108.2 0.4 1.5
49 : land and pipeline transport 81 106.6 0.3 0.9
52 : warehousing and auxiliary services for transport 73 108.8 1.5 1.8
I : accommodation and food 44 113.2 2.0 1.4
J : information and communic. 237 95.5 0.7 –0.2
62 : IT services 92 102.0 0.7 –0.6
L : real estate activities 103 107.8 1.1 2.0
M : prof., scient. and tech. 218 101.9 0.8 0.5
69 : Legal and accounting services 46 103.3 –0.4 –0.6
70 : activities of head offices and management consulting services 47 103.9 0.2 0.9
71 : Architectural and engineering services 83 100.7 0.6 0.5
73 : Advertising and market research services 26 101.5 4.6 1.4
N : administ. and support serv. 210 106.2 0.2 0.7
77 : renting & leasing services 60 99.1 0.3 –0.2
78 : employment services 52 109.5 0.7 0.8
82 : Office administrative and support services 46 110.0 0.8 1.5
Prices of services sold to households in France (BtoC)
HN : all services 1000 106.3 –1.5 0.9
H : transport. and storage 153 109.8 –3.2 1.5
I : accommodation and food 255 115.1 –2.1 1.7
J : information and communic. 179 90.9 0.3 –0.5
L : real estate activities 284 106.4 –1.8 0.3
M : prof., scient. and tech. 73 106.2 0.5 3.5
N : administ. and support serv. 42 97.4 0.1 –0.4
Export prices of services (BtoE)
HN : all services 1000 96.5 –0.1 0.2
H : transport. and storage 313 94.4 –1.3 3.1
J : information and communic. 148 78.9 0.0 –3.0
M : prof., scient. and tech. 215 101.9 0.2 0.7
N : administ. and support serv. 314 104.2 0.6 –1.5
Prices of services sold on all markets (BtoAll)
HN : all services 1000 103.8 0.0 0.8
H : transport. and storage 189 106.4 –0.7 1.7
I : accommodation and food 92 114.4 –1.0 1.6
J : information and communic. 212 93.7 0.6 –0.5
L : real estate activities 136 107.1 –0.3 1.1
M : scient. and tech. services 181 102.5 0.7 0.9
N : administ. and support serv. 180 105.7 0.3 0.1
  • 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 2017Q03 / 2017Q02
- services sold to all markets //
- services sold to French businesses //
- services sold to consumers in France 0.1
- 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 second quarter and the third quarter 2017. Published at the end of November 2017at –0,2%, it has not been revised.
  • Source: INSEE