Informations rapides
30 April 2020
2020- n° 110
The producer prices in industry plummeted in March 2020 (–1.6%) Industrial Producer and Import Price Indices - March 2020

In March 2020, the producer prices in French industry fell by 1.6% (after –0.7% in February 2020), consequence of an economic slowdown in the context of the Covid-19 pandemic. The decline was more pronounced on prices for the French market (–1.7% after –0.9%) than on those for foreign markets (–1.0% after –0.4%). Year on year, the producer prices in French industry declined sharply (–2.1% after –0.6%).

Informations rapides
No 110
Paru le :Paru le30/04/2020
Prochaine parution le : 31/07/2025 at 08:45 - June 2025
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Warning

Given the lockdown of the population since 17 March, response rates for business survey about March 2020 (collected during April) are lower than usual. Therefore, the results presented here might be more revised than usually in the next publication, which will take into account the answers delivered late.

Total Industry price indices

Total Industry price indices
PPI for domestic market PPI for foreign markets PPI for all markets Import prices
2015-01 100.0 98.9 99.8 99.4
2015-02 101.0 100.1 100.8 101.0
2015-03 101.1 100.6 101.0 101.6
2015-04 100.8 101.1 100.9 102.2
2015-05 100.4 100.6 100.4 102.5
2015-06 100.5 100.7 100.6 102.0
2015-07 100.3 100.9 100.5 100.8
2015-08 99.2 99.8 99.4 99.3
2015-09 99.2 99.4 99.3 98.6
2015-10 99.4 99.5 99.4 98.1
2015-11 99.5 99.6 99.5 98.2
2015-12 98.4 98.9 98.5 96.5
2016-01 97.3 98.2 97.5 94.7
2016-02 96.9 97.2 96.9 94.1
2016-03 97.1 97.4 97.2 95.0
2016-04 96.5 97.4 96.7 95.0
2016-05 97.0 97.7 97.1 95.9
2016-06 97.4 98.0 97.5 96.4
2016-07 97.5 97.9 97.6 96.4
2016-08 97.4 97.9 97.5 96.2
2016-09 97.7 98.2 97.8 96.5
2016-10 98.4 98.9 98.5 97.5
2016-11 99.0 99.3 99.1 97.5
2016-12 99.8 100.2 99.9 99.1
2017-01 100.7 101.7 100.9 99.7
2017-02 100.5 100.9 100.6 100.0
2017-03 100.0 100.4 100.1 99.7
2017-04 99.7 100.4 99.8 99.6
2017-05 99.1 100.1 99.3 98.8
2017-06 98.8 99.4 99.0 97.9
2017-07 98.9 99.2 98.9 97.6
2017-08 99.4 99.1 99.3 98.2
2017-09 99.8 99.6 99.7 99.0
2017-10 100.0 100.2 100.1 99.4
2017-11 101.7 101.1 101.5 100.2
2017-12 102.0 100.9 101.7 100.2
2018-01 102.0 100.3 101.5 100.4
2018-02 102.0 100.6 101.7 99.9
2018-03 102.2 100.7 101.8 100.1
2018-04 101.4 100.6 101.2 100.6
2018-05 102.1 101.3 101.8 102.0
2018-06 102.1 102.0 102.1 102.4
2018-07 102.7 102.2 102.6 102.7
2018-08 103.1 102.3 102.9 102.8
2018-09 103.6 102.5 103.3 103.6
2018-10 103.9 103.0 103.7 104.6
2018-11 104.4 102.5 103.9 102.8
2018-12 103.4 101.8 103.0 101.1
2019-01 103.7 102.4 103.4 101.2
2019-02 104.2 101.9 103.5 101.9
2019-03 104.1 101.9 103.5 102.0
2019-04 103.2 102.5 103.1 102.6
2019-05 102.7 102.2 102.6 102.6
2019-06 102.1 101.7 102.0 101.3
2019-07 102.5 102.0 102.4 101.4
2019-08 102.6 101.8 102.4 100.8
2019-09 102.7 102.4 102.7 101.6
2019-10 102.5 102.4 102.5 101.5
2019-11 103.9 102.7 103.6 101.6
2019-12 104.0 102.9 103.7 101.9
2020-01 103.9 102.7 103.6 101.5
2020-02 103.0 102.3 102.9 100.5
2020-03 101.3 101.3 101.3 96.7

Total Industry price indices

  • Source: INSEE.

Producer prices in French industry: –1.6%

In March 2020, the producer prices in French industry fell by 1.6% (after –0.7% in February 2020), consequence of an economic slowdown in the context of the Covid-19 pandemic. The decline was more pronounced on prices for the French market (–1.7% after –0.9%) than on those for foreign markets (–1.0% after –0.4%). Year on year, the producer prices in French industry declined sharply (–2.1% after –0.6%).

FRENCH MARKET: –1.7%

The French producer prices in industry for the French market kept declining strongly in March 2020 (–1.7% after –0.9%), driven down by manufactured product prices (–2.0% after –0.5%) and, to a lesser extent, by those of mining and quarrying products, energy and water. Year on year, the French producer prices in industry for the French market fell sharply in March 2020 (–2.7% after –1.2%).

Historic decline in refined petroleum product prices

In the wake of oil prices, the prices of refined petroleum products declined by 35.3% in March 2020 (after –8.7%), reaching their lowest level in 4 years. Year on year, they plummeted (–43.6% after –9.4%).

Producer price indices of coke and refined petroleum products sold on the French market

Producer price indices of coke and refined petroleum products sold on the French market
Producer price indices of coke and refined petroleum products sold on the French market
2015-01 91.2
2015-02 106.6
2015-03 110.2
2015-04 113.8
2015-05 117.9
2015-06 115.6
2015-07 107.6
2015-08 92.8
2015-09 91.3
2015-10 89.1
2015-11 89.4
2015-12 74.5
2016-01 65.9
2016-02 65.6
2016-03 75.5
2016-04 78.5
2016-05 88.1
2016-06 91.9
2016-07 85.3
2016-08 85.2
2016-09 87.6
2016-10 97.0
2016-11 91.7
2016-12 105.7
2017-01 107.1
2017-02 108.1
2017-03 101.4
2017-04 104.7
2017-05 97.1
2017-06 89.7
2017-07 92.1
2017-08 95.1
2017-09 101.8
2017-10 103.2
2017-11 111.1
2017-12 110.9
2018-01 116.1
2018-02 109.2
2018-03 111.3
2018-04 121.8
2018-05 132.1
2018-06 130.2
2018-07 131.4
2018-08 133.2
2018-09 136.5
2018-10 142.7
2018-11 125.8
2018-12 109.3
2019-01 109.4
2019-02 118.8
2019-03 123.3
2019-04 130.7
2019-05 131.3
2019-06 117.5
2019-07 122.3
2019-08 115.7
2019-09 121.5
2019-10 117.6
2019-11 117.0
2019-12 119.6
2020-01 117.8
2020-02 107.6
2020-03 69.6

Producer price indices of coke and refined petroleum products sold on the French market

  • Source: INSEE.

New fall in prices of mining and quarrying products, energy and water

In March 2020, the prices of mining and quarrying products, energy and water kept declining (–0.6% after –1.8%), mainly those of electricity, gas, steam and air-conditioning supply (–0.9% after –2.0%), due notably to a reduced demand during the lockdown. Year on year, the prices of mining and quarrying products, energy and water kept decreasing sharply in March 2020 (–2.4% after –2.9%).

Decline in prices of “other industrial products”

The prices of “other industrial products” fell by 0.4% in March 2020 (after –0.2%), due to the decreases in prices of chemical products (–1.8% after –0.9%) and basic metal products (–1.4% after –0.6%), following the fall in raw material costs and in demand. Year on year, the prices of “other industrial products” kept decreasing in March 2020 (–1.7% after –1.2%).

Producer price indices of manufactured products sold on the French market

Producer price indices of manufactured products sold on the French market
C3 C5 C1 C4
2015-01 100.2 100.0 99.8 99.9
2015-02 100.2 99.9 99.9 99.9
2015-03 100.2 100.2 99.8 99.9
2015-04 100.2 100.6 99.9 99.9
2015-05 100.0 100.8 99.9 99.9
2015-06 100.0 100.8 99.9 99.8
2015-07 100.0 100.8 100.2 99.8
2015-08 99.6 100.2 100.5 100.0
2015-09 99.7 99.6 100.3 100.1
2015-10 100.0 99.2 100.2 100.3
2015-11 100.0 99.0 99.9 100.4
2015-12 99.9 98.8 99.7 100.1
2016-01 99.7 98.4 99.3 100.2
2016-02 99.5 98.1 99.1 100.1
2016-03 99.7 97.9 98.6 100.1
2016-04 99.6 98.0 98.5 100.1
2016-05 99.6 98.3 98.4 100.1
2016-06 99.9 98.6 98.5 100.0
2016-07 99.6 98.6 98.9 100.0
2016-08 99.7 98.5 98.8 99.9
2016-09 99.7 98.5 98.8 99.9
2016-10 99.6 98.7 99.1 100.0
2016-11 99.5 98.8 99.2 100.0
2016-12 99.4 99.0 99.2 100.1
2017-01 100.1 99.6 99.2 100.1
2017-02 99.9 100.1 99.6 100.1
2017-03 100.0 100.4 99.8 100.1
2017-04 99.9 100.7 100.1 100.2
2017-05 99.8 100.8 100.1 100.3
2017-06 99.9 100.7 100.4 100.3
2017-07 99.8 100.4 100.4 100.3
2017-08 99.7 100.5 100.6 100.4
2017-09 99.7 100.7 100.5 100.4
2017-10 99.8 101.0 100.4 100.4
2017-11 100.0 100.9 100.3 100.6
2017-12 100.1 101.1 100.4 100.6
2018-01 100.7 101.6 100.0 100.5
2018-02 100.3 101.9 100.1 100.5
2018-03 100.5 102.1 100.4 100.6
2018-04 100.6 102.2 100.1 100.6
2018-05 100.8 102.7 100.2 100.5
2018-06 100.9 102.8 100.1 100.6
2018-07 100.7 102.9 100.4 100.6
2018-08 100.9 103.0 100.6 100.6
2018-09 100.9 103.1 100.7 100.5
2018-10 100.8 103.0 100.7 100.7
2018-11 101.0 102.9 101.1 100.9
2018-12 101.0 102.6 101.4 101.0
2019-01 101.4 102.7 101.2 100.9
2019-02 101.3 102.8 101.2 101.0
2019-03 101.3 103.0 100.9 101.1
2019-04 101.5 103.1 101.0 101.2
2019-05 101.3 103.1 101.1 101.3
2019-06 101.3 102.8 101.3 101.4
2019-07 101.3 102.6 101.5 101.6
2019-08 101.4 102.6 101.6 101.6
2019-09 101.7 102.5 101.5 101.7
2019-10 101.8 102.3 101.8 102.1
2019-11 101.8 102.0 102.1 102.3
2019-12 101.8 101.9 102.5 102.7
2020-01 102.0 101.8 102.2 102.8
2020-02 102.3 101.6 102.1 103.0
2020-03 102.2 101.2 102.2 102.9

Producer price indices of manufactured products sold on the French market

  • Source: INSEE.

FOREIGN MARKETS: –1.0%

In March 2020, the producer prices of French industrial products for foreign markets declined by 1.0%, after –0.4% in February 2020. They were mainly driven down by the fall in export manufactured product prices (–0.9% after –0.1%).

The export prices of refined petroleum products fell strongly (–29.6% after –10.3%), in the wake of oil prices. The export prices of the other product categories were virtually stable or decreased slightly.

Year on year, the producer prices of French industrial products for foreign markets fell back sharply in March 2020 (–0.6% after +0.4%).

French Producer Price Indices in industry according to the market where the products are sold

reference year: 2015
French Producer Price Indices in industry according to the market where the products are sold (reference year: 2015)
Change in %
Levels A 10 and A 17 in CPF rev. 2 Weight March 20 In 1 month In 1 year
French market
BE:TOTAL INDUSTRY 1000 101.3 -1.7 -2.7
(DE) Mining and quarrying, energy, water 228 105.5 -0.6 -2.4
CZ: Manufactured products 772 100.2 -2.0 -2.7
   (C1) Food products, beverages, tobacco 194 102.2 0.1 1.3
   (C2) Coke and refined petroleum products 38 69.6 -35.3 -43.6
   (C3) Electrical & electronic equip., computers, mach. 78 102.2 -0.1 0.9
   (C4) Transport equipment 100 102.9 -0.1 1.8
   (C5) Other manufactured products 362 101.2 -0.4 -1.7
Foreign markets
BE:TOTAL INDUSTRY 1000 101.3 -1.0 -0.6
CZ: Manufactured products 979 101.5 -0.9 -0.4
   (C1) Food products, beverages, tobacco 105 103.6 0.1 2.5
   (C2) Coke and refined petroleum products 22 71.1 -29.6 -39.0
   (C3) Electrical & electronic equip., computers, mach. 124 101.0 -0.2 0.3
   (C4) Transport equipment 295 106.7 -0.4 3.7
   (C5) Other manufactured products 433 99.1 -0.2 -1.9
All markets
BE:TOTAL INDUSTRY 1000 101.3 -1.6 -2.1
CZ: Manufactured products 833 100.7 -1.7 -1.9
   (C1) Food products, beverages, tobacco 168 102.5 0.1 1.6
   (C2) Coke and refined petroleum products 33 69.5 -34.4 -42.8
   (C3) Electrical & electronic equip., computers, mach. 92 101.7 -0.1 0.6
   (C4) Transport equipment 157 104.9 -0.3 2.8
   (C5) Other manufactured products 383 100.5 -0.4 -1.9
  • Source: INSEE.

Import price indices of industrial products: –3.8%

In March 2020, the import prices of industrial products plummeted (–3.8% after –1.0%), driven down by the import prices of hydrocarbons and by those of manufactured products (–1.9% after –0.1%).

The import prices for coke and refined petroleum products collapsed over one month (–37.6% after –5.0%) and even more over one year (–43.7% after –7.6%).

Year on year, the import prices of industrial products fell drastically in March 2020 (–5.2% after –1.4%).

Import prices of industrial products

reference year: 2015
Import prices of industrial products (reference year: 2015)
Change in %
Levels A 10 and A 17 in CPF rev. 2 Weight March 20 In 1 month In 1 year
BE:TOTAL INDUSTRY 1000 96.7 -3.8 -5.2
CZ: Manufactured products s 99.1 -1.9 -2.1
   (C1) Food products, beverages, tobacco 74 102.5 -0.6 -0.6
   (C2) Coke and refined petroleum products 36 67.3 -37.6 -43.7
   (C3) Electrical & electronic equip., computers, mach. 226 98.6 -0.2 0.1
   (C4) Transport equipment 186 101.7 -0.1 1.1
   (C5) Other manufactured products s 100.2 -0.4 -0.6
  • s: confidential
  • Source: INSEE.

Revision of variations

In %
Revision of variations (In %)
Dec. 19 / Nov. 19 Jan. 20 / Dec. 19 Feb. 20 / Jan. 20
French producer prices in industry sold on:
   - the French market // // -0.3
   - the foreign markets // -0.2 +0.1
   - all markets // // -0.2
Import prices of industrial products // +0.1 +0.1
  • (1) How to read it: the variation of the producer price index in industry for products sold on the French Market between January 2020 and February 2020 has been revised by -0.3 points: published in March 2019 equal to -0.6%, it has been updated to -0.9%.

For further information

Next publication: 29 May 2020 at 8.45 a.m.

Documentation

Producer and Import Price Index in Industry

Aggregated classification - NA, 2008

French classification of products - CPF Rev. 2.1, 2015

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Next publication: 29 May 2020 at 8.45 a.m.

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