30 June 2020
2020- n° 162The producer prices in French industry decreased slightly in May 2020 (–0.2%) Industrial Producer and Import Price Indices - May 2020
The producer prices in French industry decreased by 0.2% in May 2020, after the stronger declines observed in April (–2.3%) and March (–1.5%). The producer prices for the French market were virtually stable (–0.1%) whereas those for the foreign markets fell by 0.3%. Year on year, the producer prices in French industry kept declining sharply (–3.5% after –3.8%).
- Producer prices in French industry: –0.2%
- FRENCH MARKET: –0.1%
- Fall in prices of mining and quarrying products, energy and water
- Rebound in refined petroleum product prices
- New fall in prices of the “other industrial products”
- Fall in food and beverage prices
- FOREIGN MARKETS: –0.3%
- Import price indices of industrial products: +0.2%
- For further information
tableauTotal 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 | 103.8 | 102.8 | 103.6 | 101.5 |
2020-02 | 103.1 | 102.5 | 103.0 | 100.6 |
2020-03 | 101.5 | 101.2 | 101.5 | 97.3 |
2020-04 | 98.6 | 100.3 | 99.2 | 95.0 |
2020-05 | 98.5 | 100.0 | 99.0 | 95.2 |
graphiqueTotal Industry price indices
Producer prices in French industry: –0.2%
The producer prices in French industry decreased by 0.2% in May 2020, after the stronger declines observed in April (–2.3%) and March (–1.5%). The producer prices for the French market were virtually stable (–0.1%) whereas those for the foreign markets fell by 0.3%. Year on year, the producer prices in French industry kept declining sharply (–3.5% after –3.8%).
FRENCH MARKET: –0.1%
The French producer prices in industry for the French market stabilized in May 2020 (–0.1% after –2.9% in April and –1.6% in March), the fall in prices of mining and quarrying products, energy and water was almost offset by the slight rebound in manufactured product prices (+0.3% after –1.4%). Year on year, the French producer prices in industry for the French market kept however declining in May 2020 (–4.1% after –4.5%).
Fall in prices of mining and quarrying products, energy and water
In May 2020, the prices of mining and quarrying products, energy and water declined by 1.3% (after –7.5%). In particular, the prices of electricity production and trade products declined by 2.0% (after –4.0%), owing to the seasonality and a reduced demand due the measures to contain the Covid-19 outbreak. Year on year, the prices of mining and quarrying products, energy and water decreased by 2.7% in May 2020 (after –3.9%).
Rebound in refined petroleum product prices
In the wake of oil prices, the prices of refined petroleum products recovered by 23.7% in May 2020, after the historic declines observed in April (–34.7%) and March (–35.3%). Year on year, they kept falling very sharply in May 2020 (–57.1% after –65.2%).
tableauProducer 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 | 107.7 |
2020-03 | 69.7 |
2020-04 | 45.5 |
2020-05 | 56.3 |
graphiqueProducer price indices of coke and refined petroleum products sold on the French market
New fall in prices of the “other industrial products”
The prices of the “other industrial products” fell by 0.3% in May 2020 (after –0.5%). They were mainly driven down by those of chemical products which decreased by 1.8% over a month (after –3.8%) and by 14.0% over a year (after –12.1%), following the downward trend in raw material prices (oil and gas in particular). Year on year, the decline in the “other industrial product” prices strengthened in May 2020 (–2.7% after –2.4%).
Fall in food and beverage prices
In May 2020, the food and beverage prices fell by 0.4% (after –0.2%), mainly due to supply exceeding demand, with some outlets (restaurants, etc.) recovering very gradually. In particular, the prices of meat and meat products decreased by 0.7% (after –0.6%). Year on year, the food and beverage prices slowed down in May 2020 (+0.6% after +1.1%).
tableauProducer 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 | 102.2 | 102.9 |
2020-03 | 102.0 | 101.1 | 102.3 | 102.8 |
2020-04 | 102.0 | 100.6 | 102.1 | 103.0 |
2020-05 | 102.2 | 100.3 | 101.7 | 103.0 |
graphiqueProducer price indices of manufactured products sold on the French market
FOREIGN MARKETS: –0.3%
In May 2020, the producer prices of French industrial products for foreign markets declined by 0.3% (after –0.9%), driven down by the export manufactured product prices (–0.3% after –0.6%).
The export prices of the “other industrial products” kept decreasing (–0.8% after –0.6%), mainly due to the fall in chemical product prices (–3.0% after –2.1%) whereas those of basic metals recovered slightly (+0.5% after –1.4%).
In the wake of oil prices, the export prices of refined petroleum products recovered over a month (+15.6% after –39.5%) but kept declining sharply over a year (–59.2% after –64.7%).
The export prices of food products and beverages fell back for the first time since July 2019 (–0.6% after +0.2%), driven up by those of meat and meat products (–1.6% after +0.1%).
Year on year, the producer prices of French industrial products for foreign markets kept declining sharply in May 2020 (–2.2% after –2.1%).
tableauFrench Producer Price Indices in industry according to the market where the products are sold
Change in % | ||||
---|---|---|---|---|
Levels A 10 and A 17 in CPF rev. 2 | Weight | May 20 | In 1 month | In 1 year |
French market | ||||
BE:TOTAL INDUSTRY | 1000 | 98.5 | -0.1 | -4.1 |
(DE) Mining and quarrying, energy, water | 232 | 97.1 | -1.3 | -2.7 |
CZ: Manufactured products | 768 | 99.1 | 0.3 | -4.3 |
(C1) Food products, beverages, tobacco | 205 | 101.7 | -0.4 | 0.6 |
(C2) Coke and refined petroleum products | 37 | 56.3 | 23.7 | -57.1 |
(C3) Electrical & electronic equip., computers, mach. | 74 | 102.2 | 0.2 | 0.9 |
(C4) Transport equipment | 99 | 103.0 | 0.0 | 1.7 |
(C5) Other manufactured products | 353 | 100.3 | -0.3 | -2.7 |
Foreign markets | ||||
BE:TOTAL INDUSTRY | 1000 | 100.0 | -0.3 | -2.2 |
CZ: Manufactured products | 980 | 100.5 | -0.3 | -1.7 |
(C1) Food products, beverages, tobacco | 86 | 103.5 | -0.6 | 1.7 |
(C2) Coke and refined petroleum products | 25 | 50.3 | 15.6 | -59.2 |
(C3) Electrical & electronic equip., computers, mach. | 132 | 100.6 | -0.2 | -0.1 |
(C4) Transport equipment | 297 | 108.1 | -0.2 | 4.8 |
(C5) Other manufactured products | 440 | 97.5 | -0.8 | -3.5 |
All markets | ||||
BE:TOTAL INDUSTRY | 1000 | 99.0 | -0.2 | -3.5 |
CZ: Manufactured products | 833 | 99.7 | 0.1 | -3.4 |
(C1) Food products, beverages, tobacco | 168 | 102.0 | -0.5 | 0.8 |
(C2) Coke and refined petroleum products | 33 | 54.7 | 21.8 | -57.6 |
(C3) Electrical & electronic equip., computers, mach. | 92 | 101.5 | 0.1 | 0.5 |
(C4) Transport equipment | 160 | 105.8 | -0.1 | 3.6 |
(C5) Other manufactured products | 380 | 99.4 | -0.5 | -3.0 |
- Source: INSEE.
Import price indices of industrial products: +0.2%
In May 2020, the import prices of industrial products recovered very slightly (+0.2%), after the strong falls in April (–2.4%) and March (–3.3%). The rise in import prices of unrefined hydrocarbons was partly offset by the decrease in manufactured product prices (–0.2% after –1.1%).
The import prices of “other industrial products” remained below (–0.6% after –0.5%), driven down by those of chemical products (–2.6%, like in April) and wearing apparel (–1.1% after –0.2%).
The import prices for coke and refined petroleum products recovered slightly over a month (+0.7% after –26.2%) and fall by 56.6% over a year (after –56.9%).
Year on year, the import prices of industrial products kept falling very strongly in May 2020 (–7.2% after –7.4%).
tableauImport prices of industrial products
Change in % | ||||
---|---|---|---|---|
Levels A 10 and A 17 in CPF rev. 2 | Weight | May 20 | In 1 month | In 1 year |
BE:TOTAL INDUSTRY | 1000 | 95.2 | 0.2 | -7.2 |
CZ: Manufactured products | s | 98.1 | -0.2 | -3.3 |
(C1) Food products, beverages, tobacco | 75 | 101.9 | -0.3 | -1.5 |
(C2) Coke and refined petroleum products | 36 | 54.1 | 0.7 | -56.6 |
(C3) Electrical & electronic equip., computers, mach. | 226 | 98.7 | 0.0 | 0.0 |
(C4) Transport equipment | 188 | 101.9 | 0.2 | 1.0 |
(C5) Other manufactured products | s | 99.1 | -0.6 | -1.6 |
- s: confidential
- Source: INSEE.
tableauRevision of variations
Feb. 20 / Jan. 20 | Mar. 20 / Feb. 20 | Apr. 20 / Mar. 20 | |
---|---|---|---|
French producer prices in industry sold on: | |||
- the French market | +0.1 | +0.1 | // |
- the foreign markets | // | -0.1 | -0.1 |
- all markets | +0.1 | // | // |
Import prices of industrial products | +0.1 | +0.5 | +0.2 |
- (1) How to read it: the variation of the producer price index in industry for products sold on the French Market between March and April 2020 is unchanged: -2.9% as it was published in May 2020.
For further information
Next publication: 30 July 2020 at 8.45 a.m.
Pour en savoir plus
Next publication: 30 July 2020 at 8.45 a.m.