29 November 2019
N° 2019-312

In Q3 2019, producer prices for services sold to French businesses increased slightly (+0.2%)Services producer price indices - third quarter 2019

In the 3rd quarter of 2019, producer prices in services sold to French businesses increased slightly (+0.2% after +0.9%). Year on year, they grew by 1.5%, as in the previous quarter.

Informations rapides
No 312
Paru le : Paru le 29/11/2019
Informations rapides  No 312 - November 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 99.2 102.8 102.2 102.2
2019-Q2 100.3 103.7 103.0 103.1
2019-Q3 101.2 103.9 105.0 103.9

Producer price indices for all services

  • Source: INSEE.

SPPI, production sold to French businesses: +0.2%

In the 3rd quarter of 2019, producer prices in services sold to French businesses increased slightly (+0.2% after +0.9%). Year on year, they grew by 1.5%, as in the previous quarter.

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 104.9 100.7 104.2 102.2 102.6
2019-Q1 105.5 100.2 105.3 102.0 103.1
2019-Q2 106.7 101.2 105.7 103.0 103.2
2019-Q3 106.8 101.0 108.4 102.9 103.6

Producer price indices of services sold to French businesses

  • Source: INSEE.

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

Prices for real estate activities sped up sharply in the 3rd quarter of 2019 (+2.6% after +0.4%), driven by the strong rise in prices for renting and operating services of own or leased real estate, especially office rentals in Île-de-France. Year on year, prices for real estate activities sped up strongly (+4.6% after +1.6%).

Prices for administrative and support services increased anew (+0.4% after +0.1%), notably as a result of seasonal rebound in prices for travel agency, tour operator services and other reservation services and related services (+9.1% after –3.5%). Year on year, prices for administrative and support services remained up (+0.8%, as in the 2nd quarter of 2019).

Downturns in prices for accommodation-food services and information-communication services

Prices for accommodation-food services fell back in the 3rd quarter of 2019 (–0.4% after +2.9%), mainly thanks to the seasonal decline in prices for accommodation services (–2.2% after +10.3%). However, they sped up year on year (+2.7% after +1.8%).

Prices for information-communication services decreased slightly (–0.2% after +1.0%). The seasonal decline in prices for programming and broadcasting services (–8.9% after +9.1%) was partially offset by the new rise in prices for computer programming, consultancy and related services (+0.5% after +0.8%). Year on year, prices for information-communication services increased again (+0.3% after +0.2%).

Virtual stabilities in prices for transport and storage services and scientific and technical services

Prices for transport and storage services stabilized in the 3rd quarter of 2019 (+0.1% after +1.1%) and slowed down year on year (+1.6% after +2.5%). The seasonal rise in prices for air transport services counteracted the strong downturn, after seven consecutive quarters of increase, in prices for warehousing and support services for transportation (–1.0% after +1.5%).

Prices for scientific and technical services were virtually stable in the 3rd quarter of 2019 (–0.1% after +1.0%) despite the seasonal downturn in prices for advertising and market research services (–3.4% after +2.7%). Year on year, prices for transport and storage services slowed down slightly (+1.4% after +1.9%).

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 2019Q03 Q/Q-1 Q/Q-4
HS : all services 1000 103.9 0.2 1.5
H : transport. and storage 201 106.8 0.1 1.6
   49 : land and pipeline transport 94 104.6 0.3 1.1
   52 : warehousing and auxiliary services for transport 77 108.1 -1.0 2.3
I : accommodation and food 49 102.2 -0.4 2.7
J : information and communic. 228 101.0 -0.2 0.3
   62 : IT services 104 101.9 0.5 1.2
L : real estate activities 98 108.4 2.6 4.6
M : prof., scient. and tech. 214 102.9 -0.1 1.4
   69 : legal and accounting services 47 99.3 -0.2 0.5
   70 : activities of head offices and management consulting services 44 102.7 0.6 1.5
   71 : architectural and engineering services 82 104.3 0.3 1.9
   73 : advertising and market research services 21 100.7 -3.4 0.1
N : administ. and support serv. 201 103.6 0.4 0.8
   77 : renting & leasing services 61 100.1 0.3 0.3
   78 : employment services 63 103.9 -0.3 1.6
   82 : office administrative and support services 21 105.5 0.1 -0.5
  • BtoB: business to business
  • Source: INSEE

SPPI, production sold to households in France: +1.9%

In the 3rd quarter of 2019, producer prices of services sold to households in France sped up (+1.9% after +0.8%) due to the seasonal rises in prices for accommodation-food services (+3.3% after +0.6%), transport and storage services (+3.4% after +2.4%) and real estate activities (+1.4% after +0.4%). Year on year, producer prices of services sold to households in France kept increasing (+0.8% 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 %
2019Q03 Q/Q-1 Q/Q-4
HS : all services 1000 105.0 1.9 0.8
H : transport. and storage 153 107.3 3.4 1.6
I : accommodation and food 282 109.0 3.3 0.3
J : information and communic. 139 101.0 -0.2 -0.1
L : real estate activities 298 102.6 1.4 1.1
M : prof., scient. and tech. 75 105.8 0.1 0.6
N : administ. and support serv. 37 100.0 1.6 1.4
  • BtoC: business to consumer
  • Source: INSEE

SPPI, production sold on foreign markets: +0.9%

Export prices increased again in the 3rd quarter of 2019 (+0.9% after +1.1%) mainly thanks to the acceleration in prices for transport and storage services (+2.2% after +1.6%) and the rise in prices for scientific and technical services (+1.0% after +1.3%). Export prices for administrative and support services slowed down (+0.2% after +0.7%). Year on year, export prices increased again (+0.9% after +1.1%).

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 %
2019Q03 Q/Q-1 Q/Q-4
HS : all services 1000 101.2 0.9 0.9
H : transport. and storage 307 102.8 2.2 0.2
J : information and communic. 168 94.7 -0.5 -1.8
M : prof., scient. and tech. 281 102.6 1.0 2.5
N : administ. and support serv. 235 103.0 0.2 1.7
  • BtoE: business to exports
  • Source: INSEE

SPPI (all markets): +0.8%

In the 3rd quarter of 2019, producer prices of services on all markets kept increasing, on a quarter (+0.8% after +0.9%) and year on year (+1.2%, as in the 2nd quarter of 2019).

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 %
2019Q03 Q/Q-1 Q/Q-4
HS : all services 1000 103.9 0.8 1.2
H : transport. and storage 200 106.2 1.0 1.4
I : accommodation and food 106 106.9 2.2 1.0
J : information and communic. 199 100.4 -0.2 0.0
L : real estate activities 140 105.3 1.9 2.6
M : prof., scient. and tech. 185 103.2 0.1 1.5
N : administ. and support serv. 162 103.2 0.4 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 103.5 103.0 100.3 102.0 102.1 102.0
2019-Q1 103.6 103.2 99.8 102.9 102.1 102.5
2019-Q2 105.1 104.6 100.6 103.3 103.1 102.8
2019-Q3 106.2 106.9 100.4 105.3 103.2 103.2

Services producer price indices, all markets

  • Source: INSEE.

Revision of variations

in percentage points
Revision of variations (in percentage points)
Services producer price indices 2019Q02 / 2019Q01
- services sold to all markets 0.0
- 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 first quarter 2019 and the second quarter 2019. Published at the end of August 2019 at +0.9%, it has not been revised.

For further information

Next publication: 28 February 2020 at 12.00 p.m

Next publication: 28 February 2020 at 12.00 p.m


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