30 août 2019
N° 2019-226

In Q2 2019, producer prices for services sold to French businesses increased by 0.9%Services producer price indices - second quarter 2019

In the second quarter of 2019, producer prices of services sold to French businesses rose sharply in a quarter (+0.9% after +0.1%) and gathered pace year on year (+1.4% after +1.2%).

Informations rapides
No 226
Paru le : Paru le 30/08/2019
Informations rapides  No 226 - août 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 99.3 102.7 102.2 102.2
2019-Q2 100.5 103.6 103.0 103.1

Producer price indices for all services

  • Source : INSEE.

SPPI, production sold to French businesses: +0,9%

In the second quarter of 2019, producer prices of services sold to French businesses rose sharply in a quarter (+0.9% after +0.1%) and gathered pace year on year (+1.4% after +1.2%).

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 105.1 100.7 103.6 101.5 102.8
2018-Q4 104.8 100.7 104.2 102.2 102.7
2019-Q1 105.4 100.1 105.4 102.0 103.1
2019-Q2 106.7 101.1 105.7 103.1 103.3

Producer price indices of services sold to French businesses

  • Source : INSEE.

Acceleration in prices for transport and storage services

Prices for transport and storage services grew again in the second quarter 2019 (+1.2% after +0.6%) notably as a result of the acceleration in prices for “other transportation support activities” (+4.2% after +1.8%). Furthermore, the growth was related to the seasonal rise in prices for passenger air transport and to the acceleration in prices for land transport and transport via pipelines, following tariff evolutions voted by the French Energy Regulatory Commission. Year on year, prices for transport and storage services remained strong (+2.5% after +2.7%).

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

Prices for scientific and technical services bounced back in the second quarter 2019 (+1.1% after −0.2%) driven by the recovery in prices for engineering activities and related technical consultancy (+1.5% after −0.2%). Prices for media representation grew seasonally in a quarter (+8.8% after −10.9%) because of the traditional rise in advertisement tariffs on various media in the second quarter and bounced back slightly year on year (+0.6% after –0.6%). Prices for information-communication services also rose (+1.0% after −0.6%), this was mainly attributable to the seasonal rebound in prices for programming and broadcasting services (+9.2% after −6.6%) following advertisement prices. Year on year, prices for scientific and technical services sped up sharply (+2.0% after +1.0%) and prices for information-communication services remained virtually stable.

Sharp rebound in prices for accommodation-food services

Prices for accommodation-food services went up sharply in the second quarter 2019 (+2.4% after −0.4%). Particularly, prices for hotel and similar accommodation services bounced back quarterly (+8.5% after −2.8%) and yearly (+1.0% after −2.0%).

Slowdown in prices for real estate activities and administrative and support services

Prices for real estate activities slowed down in the second quarter 2019 (+0.3% after +1.2%). This slight rise was attributable to that of prices for renting and operating services of own or leased real estate, especially office rentals. Prices for administrative and support services decelerated slightly (+0.2% after +0.4%). The growth of employment service prices (+0.9%) was diminished by the fall in prices for travel agency, tour operator services (−3.3%).

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 2019Q02 Q/Q-1 Q/Q-4
HS : all services 1000 103.6 0.9 1.4
H : transport. and storage 201 106.7 1.2 2.5
   49 : land and pipeline transport 94 104.2 0.7 1.2
   52 : warehousing and auxiliary services for transport 77 109.3 1.5 4.2
I : accommodation and food 49 102.1 2.4 1.3
J : information and communic. 228 101.1 1.0 0.1
   62 : IT services 104 101.3 0.8 0.7
L : real estate activities 98 105.7 0.3 1.6
M : prof., scient. and tech. 214 103.1 1.1 2.0
   69 : legal and accounting services 47 99.7 0.6 1.5
   70 : activities of head offices and management consulting services 44 102.0 0.4 2.1
   71 : architectural and engineering services 82 104.1 1.4 2.5
   73 : advertising and market research services 21 104.3 2.8 0.8
N : administ. and support serv. 201 103.3 0.2 0.9
   77 : renting & leasing services 61 99.8 -0.1 0.3
   78 : employment services 63 104.4 0.9 1.4
   82 : office administrative and support services 21 105.3 0.1 -0.2
  • BtoB: business to business
  • Source: INSEE

SPPI, production sold to households in France: +0.8%

In the second quarter of 2019, producer prices of services sold to households in France sped up (+0.8% after +0.4%) mainly as a result of the recovery in prices for transport and storage services (+2.4% after −0.5%) and of the further rise in prices for accommodation-food services (+0.6% after +0.5%). Prices for real estate activities slowed down (+0.4% after +0.8%). Year on year, producer prices of services sold to households in France also gathered pace (+0.7% after +0.4%).

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 %
2019Q02 Q/Q-1 Q/Q-4
HS : all services 1000 103.0 0.8 0.7
H : transport. and storage 153 103.8 2.4 0.5
I : accommodation and food 282 105.5 0.6 1.6
J : information and communic. 139 101.3 0.5 0.1
L : real estate activities 298 101.2 0.4 0.1
M : prof., scient. and tech. 75 105.2 0.5 0.9
N : administ. and support serv. 37 98.1 0.5 0.2
  • BtoC: business to consumer
  • Source: INSEE

SPPI, production sold on foreign markets: +1.2%

Export prices recovered in the second quarter 2019 (+1.2% after −0.5%) mainly thanks to the rebound in prices for transport and storage services (+1.6% after −1.6%) and to the acceleration in prices for scientific and technical services (+1.3% after +0.6%). Year on year, export prices sped up sharply (+1.3% after +0.7%).

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 %
2019Q02 Q/Q-1 Q/Q-4
HS : all services 1000 100.5 1.2 1.3
H : transport. and storage 307 100.6 1.6 0.9
J : information and communic. 168 96.0 0.6 -0.9
M : prof., scient. and tech. 281 101.8 1.3 2.8
N : administ. and support serv. 235 102.7 0.7 1.7
  • BtoE: business to exports
  • Source: INSEE

SPPI (all markets): +0.9%

In the second quarter of 2019, producer prices of services on all markets accelerated sharply on a quarter (+0.9% after +0.1%) and slightly year on year (+1.2% 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 %
2019Q02 Q/Q-1 Q/Q-4
HS : all services 1000 103.1 0.9 1.2
H : transport. and storage 200 105.1 1.5 1.8
I : accommodation and food 106 104.4 1.2 1.6
J : information and communic. 199 100.7 0.9 0.0
L : real estate activities 140 103.4 0.5 0.9
M : prof., scient. and tech. 185 103.1 1.0 2.0
N : administ. and support serv. 162 102.8 0.3 1.0
  • 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 104.7 105.8 100.4 102.6 101.7 102.2
2018-Q4 103.5 103.0 100.3 102.0 102.1 102.1
2019-Q1 103.5 103.2 99.8 102.9 102.1 102.5
2019-Q2 105.1 104.4 100.7 103.4 103.1 102.8

Services producer price indices, all markets

  • Source: INSEE.

Revision of variations

in percentage points
Revision of variations (in percentage points)
Services producer price indices 2019Q01 / 2018Q04
- services sold to all markets -0.2
- services sold to French businesses -0.3
- services sold to consumers in France -0.1
- export of services -0.2
  • How to read it: the change in the services price index for services sold to French businesses between the fourth quarter 2018 and the first quarter 2019 published at the end of May 2019 was +0.4%. It has been revised at +0.1% ; that is to say a revision of -0.3 points.

Encadré

For further information

Next publication: 29 November 2019 at 12.00 p.m.

Next publication: 29 November 2019 at 12.00 p.m.


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