Insee conjoncture
29 mai 2019
N° 2019-143

In Q1 2019, producer prices for services sold to French businesses grew by 0.4%Services producer price indices - first quarter 2019

In the 1st quarter of 2019, producer prices of services sold to French businesses sped up in a quarter (+0.4% after +0.2%) and year on year (+1.5% after +1.0%).

Informations rapides
No 143
Paru le : 29/05/2019

Producer price indices for all services

Producer price indices for all services
Export French businesses Households in France All markets
2015-Q1 100.0 99.7 99.3 99.6
2015-Q2 99.8 99.9 99.6 99.9
2015-Q3 100.7 100.1 101.6 100.5
2015-Q4 99.5 100.4 99.5 100.0
2016-Q1 98.4 100.2 99.7 99.9
2016-Q2 98.5 100.6 100.0 100.3
2016-Q3 99.3 100.5 101.6 100.7
2016-Q4 99.3 100.8 100.2 100.5
2017-Q1 99.2 100.6 100.7 100.5
2017-Q2 99.7 101.0 101.0 100.9
2017-Q3 99.4 100.9 102.8 101.2
2017-Q4 98.9 101.6 101.1 101.2
2018-Q1 98.6 101.5 101.8 101.3
2018-Q2 99.2 102.2 102.3 101.9
2018-Q3 100.3 102.4 104.2 102.7
2018-Q4 99.8 102.6 101.8 102.1
2019-Q1 99.5 103.0 102.3 102.4

Producer price indices for all services

  • Source : INSEE.

SPPI, production sold to French businesses: +0,4%

In the 1st quarter of 2019, producer prices of services sold to French businesses sped up in a quarter (+0.4% after +0.2%) and year on year (+1.5% after +1.0%).

Producer price indices of services sold to French businesses

Producer price indices of services sold to French businesses
H J L M N
2015-Q1 99.6 99.6 100.2 99.4 99.9
2015-Q2 100.4 99.9 100.0 99.6 100.0
2015-Q3 100.4 99.8 99.8 99.5 99.9
2015-Q4 99.6 100.8 100.0 101.6 100.1
2016-Q1 99.4 100.2 100.7 101.4 100.3
2016-Q2 99.8 100.6 101.0 101.5 100.6
2016-Q3 100.4 100.1 102.9 100.3 100.6
2016-Q4 100.3 101.0 102.2 100.8 100.7
2017-Q1 100.7 100.1 102.8 100.8 100.6
2017-Q2 101.2 100.5 103.2 100.7 101.1
2017-Q3 101.5 100.0 103.1 100.4 101.2
2017-Q4 102.1 101.1 104.3 101.2 101.4
2018-Q1 102.6 100.2 103.3 101.0 102.0
2018-Q2 104.1 101.0 104.0 101.1 102.4
2018-Q3 105.0 100.6 103.6 101.4 102.8
2018-Q4 104.8 100.9 104.3 102.1 102.7
2019-Q1 105.6 100.8 105.6 102.1 103.1

Producer price indices of services sold to French businesses

  • Source : INSEE.

Rise in prices for transport and storage services

Prices for transport and storage services picked up in the 1st quarter 2019 (+0.8% after −0.2%). Prices for warehousing and support activities for transportation ramped up (+1.6% after +0.7%) owing to, notably, annual revaluations of fee rates. Furthermore, prices for postal services under universal service obligation increased in the 1st quarter, as in the previous years. Conversely, prices for passenger air transport services went down, as every year in the 1st quarter. Year on year, prices for transport and storage services remained strong (+2.9% after +2.6%).

Acceleration in prices for real estate activities

Prices for real estate activities accelerated in the 1st quarter (+1.2% after +0.7%). This was the sharpest growth since the 4th quarter 2017. The rise was mainly owing to the increase in prices for renting and operating services of own or leased real estate, especially office rentals. Prices for real estate activities rocketed year on year (+2.2% after a stability).

Slight rises in prices for administrative and support services and for accommodation-food services

Prices for administrative and support services recovered in the 1st quarter 2019 (+0.4% after −0.1%), notably owing to the seasonal rise in prices for travel agency, tour operator and other reservation services and related services (+3.2%). Prices for employment services grew by 0.6%, as in the previous quarter, and by 1.7% year on year.

Prices for accommodation-food services slowed down in a quarter (+0.2% after +0.6%) but sped up year on year (+1.2% after +0.5%). In this quarter, the seasonal decline in prices for hotel and similar accommodation services aimed to professionals was less marked than the previous years (−0.3%) and did not offset the rise in food and beverage serving prices.

Stability in prices for scientific and technical services

Prices for scientific and technical services leveled off in the 1st quarter 2019, after +0.7% in the previous quarter. Prices for media representation dropped (−10.6%) after the seasonal increase in the previous quarter (+15,1%). This decline was counteracted by annual revaluations of other service prices such as other professional, scientific and technical services (+2.5%) and business and other management consulting services (+0.3%).

Virtual stability in prices for information-communication services

Prices for information-communication services were virtually stable (−0.1% after +0.3%). Prices for programming and broadcasting services went down seasonally (−7.0% after +6.5%). Those for motion picture production services also fell (−1.5%). These decreases were not totally offset by the rises in prices for computer programming, consultancy and related services (+0.4%) and those for edition services (+0.7%). Year on year, prices for information-communication services bounced back (+0.6% after −0.2%).

Services producer price indices, services sold to French businesses (BtoB), by sector

reference year: 2015
Services producer price indices, services sold to French businesses (BtoB), by sector (reference year: 2015)
Sections and choices of Weight Indices Change in %
levels in NAF rev.2 2019Q01 Q/Q-1 Q/Q-4
HS : all services 1000 103.0 0.4 1.5
H : transport. and storage 204 105.6 0.8 2.9
   49 : land and pipeline transport 91 103.5 0.3 1.7
   52 : warehousing and auxiliary services for transport 79 108.1 1.6 4.7
I : accommodation and food 50 100.3 0.2 1.2
J : information and communic. 225 100.8 -0.1 0.6
   62 : IT services 101 101.2 0.4 1.1
L : real estate activities 98 105.6 1.2 2.2
M : prof., scient. and tech. 216 102.1 0.0 1.1
   69 : legal and accounting services 51 98.3 0.0 0.3
   70 : activities of head offices and management consulting services 45 101.9 0.4 1.2
   71 : architectural and engineering services 79 103.1 0.1 1.7
   73 : advertising and market research services 23 101.8 -2.9 0.5
N : administ. and support serv. 199 103.1 0.4 1.1
   77 : renting & leasing services 64 99.8 0.0 0.0
   78 : employment services 59 103.5 0.6 1.7
   82 : office administrative and support services 21 105.3 -0.1 1.3
  • BtoB: business to business
  • Source: INSEE

SPPI, production sold to households in France: +0.5%

In the 1st quarter of 2019, producer prices of services sold to households in France recovered (+0.5% after −2.3%) owing to, mainly, seasonal rises in prices for accommodation-food services aimed to households (+0.8%), during the winter holiday, and to the rise in prices for real estate activities (+0.8%). Year on year, they slowed down (+0.5% after +0.7%).

Services producer price indices, services sold to households in France (BtoC), by sector

reference year: 2015
Services producer price indices, services sold to households in France (BtoC), by sector (reference year: 2015)
Sections Weight Indices Change in %
2019Q01 Q/Q-1 Q/Q-4
HS : all services 1000 102.3 0.5 0.5
H : transport. and storage 155 101.5 -0.4 0.5
I : accommodation and food 277 105.2 0.8 1.3
J : information and communic. 145 101 0.4 0.3
L : real estate activities 299 100.8 0.8 -0.1
M : prof., scient. and tech. 74 105 0.2 1.2
N : administ. and support serv. 35 97.4 0.4 0,0
  • BtoC: business to consumer
  • Source: INSEE

SPPI, production sold on foreign markets: −0.3%

Export prices went down again in the 1st quarter 2019 (−0.3% after −0.5%) but kept rising year on year (+0.9% as in the previous quarter). Prices for transport and storage services remained declining (−1.8% after −2.0%). Those for administrative and support services grew by 0.3% as in the previous quarter and those for scientific and technical services rallied (+0.8% after −0.3%).

Services producer price indices, export prices of services (BtoE), by sector

reference year: 2015
Services producer price indices, export prices of services (BtoE), by sector (reference year: 2015)
Sections Weight Indices Change in %
2019Q01 Q/Q-1 Q/Q-4
HS : all services 1000 99.5 -0.3 0.9
H : transport. and storage 291 98.7 -1.8 0.1
J : information and communic. 168 96.6 -0.2 0.4
M : prof., scient. and tech. 287 100.5 0.8 0.6
N : administ. and support serv. 244 102.1 0.3 2.4
  • BtoE: business to exports
  • Source: INSEE

SPPI (all markets): +0.3%

In the 1st quarter of 2019, on all markets, producer prices of services recovered (+0.3% after −0.6%). Year on year, they accelerated slightly (+1.1% after +0.9%).

Services producer price indices, export prices of services (BtoAll), by sector

reference year: 2015
Services producer price indices, export prices of services (BtoAll), by sector (reference year: 2015)
Sections Weight Indices Change in %
2019Q01 Q/Q-1 Q/Q-4
HS : all services 1000 102.4 0.3 1.1
H : transport. and storage 200 103.6 0.1 2.0
I : accommodation and food 106 103.6 0.6 1.2
J : information and communic. 198 100.4 -0.1 0.5
L : real estate activities 140 103.0 1.0 0.9
M : prof., scient. and tech. 186 102.1 0.1 1.0
N : administ. and support serv. 161 102.5 0.4 1.2
  • BtoAll: business to all
  • Source: INSEE

Services producer price indices, all markets

Services producer price indices, all markets
H I J L M N
2015-Q1 99.7 99.0 99.4 99.7 99.5 99.9
2015-Q2 100.3 99.0 99.8 99.9 99.6 100.1
2015-Q3 101.0 103.3 100.1 100.6 99.6 99.9
2015-Q4 99.0 98.7 100.7 99.8 101.3 100.1
2016-Q1 98.5 99.0 100.2 100.3 101.0 100.2
2016-Q2 98.9 100.2 100.5 100.7 101.0 100.3
2016-Q3 100.1 101.3 100.3 102.2 100.2 100.5
2016-Q4 99.5 99.9 101.0 101.1 100.6 100.7
2017-Q1 99.9 100.3 100.2 101.5 100.8 100.5
2017-Q2 100.8 100.8 100.4 101.9 100.7 100.9
2017-Q3 102.0 102.6 99.9 102.6 100.7 100.6
2017-Q4 101.3 101.4 100.8 102.2 101.3 100.6
2018-Q1 101.6 102.4 99.9 102.1 101.1 101.3
2018-Q2 103.2 102.8 100.7 102.5 101.1 101.8
2018-Q3 104.7 105.8 100.3 102.6 101.6 102.3
2018-Q4 103.5 103.0 100.5 102.0 102.0 102.1
2019-Q1 103.6 103.6 100.4 103.0 102.1 102.5

Services producer price indices, all markets

  • Source: INSEE.

Revision of variations

in percentage points
Revision of variations (in percentage points)
Services producer price indices 2018Q04 / 2018Q03
- services sold to all markets -0.1
- services sold to French businesses 0,0
- services sold to consumers in France 0.0
- export of services 0.1
  • How to read it: there was no change in the variation of the services price index for services sold to French businesses between the third quarter 2018 and the fourth quarter 2018. Published at the end of February 2018 at +0.2%, it has not been revised.

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Next publication: 30 August 2019 at 12.00 p.m.

Next publication: 30 August 2019 at 12.00 p.m.


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