29 May 2020
2020- n° 137In Q1 2020, producer prices for services sold to French businesses decreased slightly
(–0.2%) Services producer price indices - first quarter 2020
In the 1st quarter of 2020, producer prices in services sold to French businesses decreased slightly (–0.2% after +0.4% in the previous quarter). Year on year, they slowed down (+1.3% after +1.6%).
Given the lockdown of the population between 17 March and 10 May, response rates for business survey about Q1 2020 (collected during Q2 2020) 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.
- SPPI, production sold to French businesses: –0.2%
- Seasonal downturns in prices for scientific and technical services and for information-communication services
- Decreases in prices for accommodation-food services and for transport and storage services
- Increase in prices for real estate activities
- Stability in prices for administrative and support services
- SPPI, production sold to households in France: +0.1%
- SPPI, production sold on foreign markets: +0.3%
- SPPI (all markets): –0.1%
- For further information
tableauProducer 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 | 102.7 | 102.2 | 102.2 |
| 2019-Q2 | 100.4 | 103.6 | 103.0 | 103.1 |
| 2019-Q3 | 101.4 | 103.8 | 105.1 | 103.9 |
| 2019-Q4 | 100.7 | 104.2 | 103.3 | 103.6 |
| 2020-Q1 | 101.0 | 104.0 | 103.4 | 103.5 |
graphiqueProducer price indices for all services
- Source: INSEE.
SPPI, production sold to French businesses: –0.2%
In the 1st quarter of 2020, producer prices in services sold to French businesses decreased slightly (–0.2% after +0.4% in the previous quarter). Year on year, they slowed down (+1.3% after +1.6%).
tableauProducer 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 | 106.8 | 101.0 | 105.7 | 103.2 | 103.2 |
| 2019-Q3 | 107.0 | 100.9 | 107.5 | 102.9 | 103.7 |
| 2019-Q4 | 106.8 | 101.3 | 108.7 | 103.7 | 103.7 |
| 2020-Q1 | 106.6 | 101.0 | 109.7 | 103.2 | 103.7 |
graphiqueProducer price indices of services sold to French businesses
- Source: INSEE
Seasonal downturns in prices for scientific and technical services and for information-communication services
Prices for scientific and technical services fell back in the 1st quarter of 2020 (–0.5% after +0.8%), due to the seasonal downturn in prices for media representation services (–14.1% after +15.1%). Year on year, prices for scientific and technical services slowed down (+1.2% after +1.5%).
Prices for information-communication services fell back also in the 1st quarter of 2020 (–0.3% after +0.4%), mainly due to the seasonal downturn in prices for television programming and broadcasting services (–9.2% after +10.7%). Year on year, prices for information-communication services increased by 0.8% (after +0.6%).
Decreases in prices for accommodation-food services and for transport and storage services
Prices for accommodation-food services declined in the 1st quarter of 2020 (–0.9% after +0.2%), mainly due to the seasonal decrease in prices for hotel and similar accommodation services (–4.8% after –0.2%). Year on year, prices for accommodation-food services slowed down again (+1.5% after +1.9% and +2.3%).
Prices for transport and storage services kept declining slightly in the 1st quarter of 2020 (–0.2%, as in the previous quarter). Year on year, they slowed down (+1.0% after +1.8%)
Increase in prices for real estate activities
Prices for real estate activities kept rising in the 1st quarter of 2020 (+0.9% after +1.1%), still driven up by the dynamism in prices for renting and operating services of own or leased real estate (+0.8% after +1.3%). Year on year, prices for real estate activities increased sharply again (+4.2% after +4.3%).
Stability in prices for administrative and support services
Prices for administrative and support services were stable in the 1st quarter of 2020 and slowed down year on year (+0.6% after +1.1%).
tableauServices producer price indices, services sold to French businesses (BtoB), by sector
| Sections and choices of | Weight | Indices | Change in % | |
|---|---|---|---|---|
| levels in NAF rev.2 | 2020Q01 | Q/Q-1 | Q/Q-4 | |
| HS : all services | 1000 | 104.0 | -0.2 | 1.3 |
| H : transport. and storage | 201 | 106.6 | -0.2 | 1.0 |
| 49 : land and pipeline transport | 94 | 104.7 | 0.2 | 1.0 |
| 52 : warehousing and auxiliary services for transport | 77 | 108.4 | -0.6 | 0.7 |
| I : accommodation and food | 49 | 101.1 | -0.9 | 1.5 |
| J : information and communic. | 228 | 101.0 | -0.3 | 0.8 |
| 62 : IT services | 104 | 101.5 | 0.3 | 1.1 |
| L : real estate activities | 98 | 109.7 | 0.9 | 4.2 |
| M : prof., scient. and tech. | 214 | 103.2 | -0.5 | 1.2 |
| 69 : legal and accounting services | 47 | 100.3 | 0.3 | 1.2 |
| 70 : activities of head offices and management consulting services | 44 | 102.6 | -0.7 | 1.1 |
| 71 : architectural and engineering services | 82 | 104.6 | 0.0 | 1.9 |
| 73 : advertising and market research services | 21 | 100.3 | -4.4 | -1.0 |
| N : administ. and support serv. | 201 | 103.7 | 0.0 | 0.6 |
| 77 : renting & leasing services | 61 | 99.6 | -0.2 | -0.2 |
| 78 : employment services | 63 | 104.7 | -0.3 | 1.2 |
| 82 : office administrative and support services | 21 | 106.2 | 0.1 | 1.0 |
- BtoB: business to business
- Source: INSEE
SPPI, production sold to households in France: +0.1%
In the 1st quarter of 2020, producer prices of services sold to households in France were virtually stable (+0.1% after –1.7%). The decrease in prices for transport and storage services (–1.5% after –2.4%) was counteracted by the seasonal rebounds in accommodation-food services (+0.8% after –2.8%) and in real estate activities (+0.6% after –1.7%). Year and year, producer prices of services sold to households in France slowed down slightly (+1.2% after +1.5%).
tableauServices producer price indices, services sold to households in France (BtoC), by sector
| Sections | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2020Q01 | Q/Q-1 | Q/Q-4 | ||
| HS : all services | 1000 | 103.4 | 0.1 | 1.2 |
| H : transport. and storage | 153 | 103.1 | -1.5 | 1.7 |
| I : accommodation and food | 282 | 106.7 | 0.8 | 1.7 |
| J : information and communic. | 139 | 101.2 | -0.2 | 0.4 |
| L : real estate activities | 298 | 101.5 | 0.6 | 0.7 |
| M : prof., scient. and tech. | 75 | 106.1 | -1.0 | 1.2 |
| N : administ. and support serv. | 37 | 99.0 | 0.6 | 1.0 |
- BtoC: business to consumer
- Source: INSEE
SPPI, production sold on foreign markets: +0.3%
Export service producer prices increased slightly in the 1st quarter of 2020 (+0.3% after –0.7%), mainly thanks to the rebound in prices for transport and storage services (+1.2% after –2.1%). Year on year, export service producer prices sped up (+1.8% after +0.9%).
tableauServices producer price indices, export prices of services (BtoE), by sector
| Sections | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2020Q01 | Q/Q-1 | Q/Q-4 | ||
| HS : all services | 1000 | 101.0 | 0.3 | 1.8 |
| H : transport. and storage | 307 | 102.2 | 1.2 | 3.2 |
| J : information and communic. | 168 | 95.5 | 0.6 | 0.5 |
| M : prof., scient. and tech. | 281 | 101.7 | -0.6 | 1.5 |
| N : administ. and support serv. | 235 | 103.2 | -0.1 | 1.2 |
- BtoE: business to exports
- Source: INSEE
SPPI (all markets): –0.1%
In the 1st quarter of 2020, producer prices of services on all markets were virtually stable (–0.1% after –0.3%). Year on year, they rose by 1.3% (after +1.5%).
tableauServices producer price indices, export prices of services (BtoAll), by sector
| Sections | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2020Q01 | Q/Q-1 | Q/Q-4 | ||
| HS : all services | 1000 | 103.5 | -0.1 | 1.3 |
| H : transport. and storage | 200 | 105.1 | -0.3 | 1.5 |
| I : accommodation and food | 106 | 104.9 | 0.3 | 1.6 |
| J : information and communic. | 199 | 100.6 | -0.1 | 0.8 |
| L : real estate activities | 140 | 105.3 | 0.8 | 2.3 |
| M : prof., scient. and tech. | 185 | 103.3 | -0.5 | 1.3 |
| N : administ. and support serv. | 162 | 103.2 | 0.0 | 0.7 |
- BtoAll: business to all
- Source: INSEE
tableauServices 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 | 103.5 | 103.2 | 99.8 | 102.9 | 102.0 | 102.5 |
| 2019-Q2 | 105.2 | 104.6 | 100.5 | 103.3 | 103.2 | 102.8 |
| 2019-Q3 | 106.4 | 106.8 | 100.3 | 104.9 | 103.4 | 103.3 |
| 2019-Q4 | 105.4 | 104.6 | 100.7 | 104.5 | 103.8 | 103.2 |
| 2020-Q1 | 105.1 | 104.9 | 100.6 | 105.3 | 103.3 | 103.2 |
graphiqueServices producer price indices, all markets
- Source: INSEE.
tableauRevision of variations
| Services producer price indices | 2019Q04 / 2019Q03 |
|---|---|
| - services sold to all markets | 0.1 |
| - services sold to French businesses | 0.2 |
| - services sold to consumers in France | 0.0 |
| - export of services | 0.0 |
- How to read it: the change in the services price index for services sold to French businesses between the third quarter 2019 and the fourth quarter 2019 published at the end of February 2020 was +0.2%. It has been revised at +0.4%; that is to say a revision of +0.2 points.
For further information
Next publication: 28 August 2020 at 12.00 p.m
Pour en savoir plus
Next publication: 28 August 2020 at 12.00 p.m
Time series: Services producer price indices
