Insee conjoncture
30 novembre 2018
N° 2018-315

In Q3 2018, producer prices for services sold to French businesses increased slightly (+0.2%)Services producer price indices - third quarter 2018

In the 3rd quarter of 2018, producer prices of services sold to French businesses went up slightly (+0.2% after +0.7%). Year over year, they ramped up (+1.5% after +1.2% in the 2nd quarter and +0.9% in the 1st quarter).

Informations rapides
No 315
Paru le : 30/11/2018

SPPI, production sold to French businesses

In the 3rd quarter of 2018, producer prices of services sold to French businesses went up slightly (+0.2% after +0.7%). Year over year, they ramped up (+1.5% after +1.2% in the 2nd quarter and +0.9% in the 1st quarter).

Rise in prices for transport and storage services, administrative and support services and scientific and technical services

Prices for transport and storage services grew by 1.0% in the 3rd quarter and gathered pace year over year (+3.5% after +2.9%). This increase was notably owing to the seasonal rise in prices for passenger air transport services and to higher tariffs in support activities for transportation.

Prices for administrative and support services kept rising this quarter (+0.4% after +0.5%), owing to the seasonal growth in prices for travel agency and tour operator services. However, employment service prices declined (−0.6% after +1.2%).

Prices for scientific and technical services increased slightly this quarter (+0.2% after +0.1%). The rise in prices for engineering services and for business and other management consulting services were not offset by the seasonal decline in prices for media representation services.

Seasonal downturns in prices for information-communication services and for accommodation-food services

Prices for information-communication services fell back in the 3rd quarter (−0.4% after +0.8%), especially due to the seasonal decrease in prices for programming and broadcasting activities (−7.0%).

Similarly, prices for accommodation-food services fell back, driven by the seasonal decline in hotel and similar accommodation services aimed to professionals.

Decline in prices for real estate activities

Prices for real estate activities dwindled in the 3rd quarter 2018 (−0.5% after +0.8%) but remained slightly growing year over year (+0.5%).

SPPI, production sold to households in France

In the 3rd quarter of 2018, producer prices of services sold to households in France accelerated (+1.8% after +0.5%). The rise was mainly owing to the summer increase in prices for accomodation services aimed to households and, to a lesser extent, to those of transport and storage service prices (+2.1%).

SPPI, production sold on foreign markets

Export prices gathered pace in the 3rd quarter of 2018 (+1.2% after +0.5%) and recovered year over year (+1.0% after −0.5%). This rise was mainly attributable to transport and storage services (+2.9%).

SPPI (all markets)

In the 3rd quarter of 2018, on all markets, producer prices of services kept increasing (+0.7% after +0.6%). Year over year, they sped up (+1.4% after +1.0%).

Graphique1Producer price indices for all services

  • Reference year: 2015
  • Source: INSEE

Graphique2Producer price indices of services sold to French businesses

  • Reference year: 2015
  • Source: INSEE

Graphique3Services producer price indices, all markets

  • Reference year: 2015
  • Source: INSEE

Tableau1Services producer price indices, by sector

reference year: 2015
Services producer price indices, by sector
Sections and choices of Change in %
levels in NAF rev.2 Weight 2018Q03 Q/Q-1 Q/Q-4
Prices of services sold to French businesses (BtoB)
HS : all services 1000 102.4 0.2 1.5
H : transport. and storage 204 105.1 1.0 3.5
49 : land and pipeline transport 91 103.4 0.4 2.5
52 : warehousing and auxiliary services for transport 79 106.1 1.1 5.3
I : accommodation and food 50 99.3 −1.5 1.3
J : information and communic. 225 100.6 −0.4 0.6
62 : IT services 101 100.9 0.3 1.1
L : real estate activities 98 103.6 −0.5 0.5
M : prof., scient. and tech. 216 101.3 0.2 0.9
69 : Legal and accounting services 51 98.2 −0.1 −0.4
70 : activities of head offices and management consulting services 45 101.0 1.2 1.4
71 : Architectural and engineering services 79 102.6 0.9 1.1
73 : Advertising and market research services 23 100.1 −3.1 −0.1
N : administ. and support serv. 199 102.8 0.4 1.6
77 : renting & leasing services 64 100.1 0.4 0.8
78 : employment services 59 102.4 −0.6 1.4
82 : Office administrative and support services 21 104.7 0.3 2.5
Prices of services sold to households in France (BtoC)
HS : all services 1000 104.1 1.8 1.3
H : transport. and storage 155 105.6 2.1 1.2
I : accommodation and food 277 108.7 4.7 3.8
J : information and communic. 145 101.1 −0.1 0.6
L : real estate activities 299 101.5 0.5 −0.6
M : prof., scient. and tech. 74 103.8 −0.2 0.9
N : administ. and support serv. 35 99.1 1.2 −0.5
Export prices of services (BtoE)
HS : all services 1000 100.4 1.2 1.0
H : transport. and storage 291 102.7 2.9 1.7
J : information and communic. 168 96.6 −0.2 −0.8
M : prof., scient. and tech. 287 100.1 0.9 −0.1
N : administ. and support serv. 244 101.5 0.6 2.7
Prices of services sold on all markets (BtoAll)
HS : all services 1000 102.6 0.7 1.4
H : transport. and storage 200 104.8 1.6 2.7
I : accommodation and food 106 105.8 2.9 3.1
J : information and communic. 198 100.3 −0.4 0.4
L : real estate activities 140 102.5 0.0 −0.1
M : scient. and tech. services 186 101.4 0.3 0.7
N : administ. and support serv. 161 102.3 0.5 1.7
  • s: statistical confidentiality
  • BtoB: business to business
  • BtoC: business to consumer
  • BtoE: business to exports
  • BtoAll: business to all
  • Source: INSEE

Tableau3Revision of variations

in percentage points
Revision of variations
Services producer price indices 2018Q02 / 2018Q01
- services sold to all markets –0.1
- services sold to French businesses //
- services sold to consumers in France 0.1
- export of services –0.2
  • //: 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 1st quarter and the 2nd quarter 2018. Published at the end of August 2018 at +0,7%, it has not been revised.
  • Source: INSEE

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