30 October 2020
2020- n° 283In August 2020, services output sped up (+4.1%) but remained below its February level
(−7.2%) Index of services production - August 2020
In August 2020 output in services kept recovering (+4.1% after +2.7% in July). Compared to February, output was still down sharply (−7.2%).
The indices presented here generally reflect well the magnitude of the shocks on activity in recent months, but month−to−month variations in certain specific sectors may possibly suffer from lags compared to activity. Indeed, the measurement of index of services production is based in particular on invoicing computed from VAT declarations which may in some cases be lagged, as for example in the case of employment activities (temporary employment).
In the following paragraphs, percentage changes by subsections are presented in descending order of their contribution to the overall percentage change of the services production index. The contribution of a subsection takes into account its weight and the magnitude of its evolution.
All data are seasonaly and working day adjusted (SA−WDA).
In August 2020 output in services kept recovering (+4.1% after +2.7% in July). Compared to February, output was still down sharply (−7.2%).
In August 2020, output increased in most sectors
In August 2020, output kept increasing strongly in accommodation and food service activities (+12.7% after +24.7%) and in arts, entertainment and recreation (+18.2% after +38.2%). It bounced back in real estate activities (+9.5% after −5.8%), in information-communication (+3.5% after −1.2%) and in specialised, scientific and technical activities (+2.4% after −5.9%). It kept increasing in administrative and business support activities (+3.2% after +3.9%). In contrast, output fell back in transportation and storage (−2.8% after +13.4%).
Compared to February, output in services was still down sharply (−7.2%) notably in administrative and business support activities (−14.5%), transportation and storage (−10.9%), specialised, scientific and technical activities (−6.3%), arts, entertainment and recreation (−20.9%) and accommodation and food service activities (−8.1%). In the latter, accommodation activity was still sharply impacted (−18.7%), while production in food and beverage service activities got closer of its February level (−5.2%). Information-communication was the only large section where output exceeded its February level (+3.3%).
tableauIndex of services production
| Business support (MN) | Transportation and storage (H) | Accommodation & food service (I) | Information-communication (J) | All services (SPI) | |
|---|---|---|---|---|---|
| 2016-01 | 101.89 | 100.78 | 100.86 | 102.71 | 101.28 |
| 2016-02 | 103.12 | 103.93 | 102.43 | 104.92 | 103.45 |
| 2016-03 | 99.81 | 102.11 | 102.36 | 103.74 | 101.03 |
| 2016-04 | 100.59 | 100.82 | 102.0 | 101.68 | 100.82 |
| 2016-05 | 102.33 | 101.64 | 102.85 | 102.99 | 102.22 |
| 2016-06 | 102.74 | 100.13 | 102.74 | 104.06 | 102.29 |
| 2016-07 | 100.27 | 100.91 | 102.89 | 104.39 | 101.53 |
| 2016-08 | 104.87 | 102.71 | 103.35 | 105.14 | 104.04 |
| 2016-09 | 102.6 | 98.76 | 103.88 | 105.25 | 102.52 |
| 2016-10 | 102.83 | 101.76 | 103.19 | 103.25 | 101.96 |
| 2016-11 | 104.17 | 102.39 | 103.52 | 105.54 | 104.05 |
| 2016-12 | 103.44 | 102.84 | 105.04 | 105.39 | 104.31 |
| 2017-01 | 106.1 | 104.1 | 105.03 | 104.36 | 104.89 |
| 2017-02 | 105.2 | 102.68 | 106.23 | 108.12 | 105.24 |
| 2017-03 | 107.22 | 104.38 | 107.27 | 110.58 | 106.74 |
| 2017-04 | 103.29 | 102.69 | 107.02 | 107.11 | 104.15 |
| 2017-05 | 108.99 | 107.44 | 106.63 | 110.11 | 107.45 |
| 2017-06 | 107.92 | 105.32 | 106.21 | 109.03 | 106.72 |
| 2017-07 | 107.8 | 106.66 | 108.78 | 113.09 | 108.42 |
| 2017-08 | 107.73 | 104.2 | 109.32 | 110.5 | 107.23 |
| 2017-09 | 107.64 | 103.72 | 108.35 | 111.57 | 106.99 |
| 2017-10 | 108.97 | 105.05 | 109.89 | 109.82 | 108.0 |
| 2017-11 | 108.44 | 104.16 | 112.13 | 111.82 | 108.39 |
| 2017-12 | 112.51 | 106.69 | 109.89 | 113.21 | 110.06 |
| 2018-01 | 111.74 | 109.78 | 112.37 | 113.32 | 111.52 |
| 2018-02 | 109.92 | 105.94 | 109.8 | 114.73 | 109.36 |
| 2018-03 | 109.95 | 106.52 | 110.74 | 114.16 | 109.13 |
| 2018-04 | 114.54 | 107.0 | 111.76 | 117.65 | 112.24 |
| 2018-05 | 111.74 | 104.09 | 113.31 | 115.6 | 110.71 |
| 2018-06 | 114.08 | 107.69 | 111.45 | 117.2 | 111.72 |
| 2018-07 | 112.02 | 106.66 | 111.69 | 118.6 | 111.19 |
| 2018-08 | 115.22 | 107.71 | 112.87 | 116.33 | 113.39 |
| 2018-09 | 115.79 | 106.99 | 114.41 | 116.52 | 112.94 |
| 2018-10 | 115.85 | 107.8 | 114.82 | 121.92 | 114.03 |
| 2018-11 | 116.13 | 108.12 | 114.01 | 119.41 | 113.78 |
| 2018-12 | 117.77 | 108.89 | 115.46 | 117.92 | 114.43 |
| 2019-01 | 113.52 | 108.82 | 115.48 | 119.86 | 113.04 |
| 2019-02 | 117.16 | 110.01 | 117.68 | 120.5 | 115.46 |
| 2019-03 | 118.36 | 109.08 | 116.63 | 122.58 | 116.03 |
| 2019-04 | 118.02 | 109.98 | 117.42 | 122.95 | 115.88 |
| 2019-05 | 118.24 | 109.31 | 115.96 | 123.24 | 116.03 |
| 2019-06 | 117.39 | 109.55 | 118.9 | 122.81 | 116.02 |
| 2019-07 | 117.16 | 108.88 | 116.31 | 123.68 | 116.31 |
| 2019-08 | 119.61 | 110.7 | 119.52 | 125.64 | 117.52 |
| 2019-09 | 120.17 | 112.06 | 119.0 | 125.54 | 118.18 |
| 2019-10 | 119.61 | 110.09 | 119.29 | 125.01 | 117.19 |
| 2019-11 | 119.74 | 108.72 | 120.16 | 125.66 | 117.6 |
| 2019-12 | 117.52 | 108.12 | 120.06 | 126.85 | 116.6 |
| 2020-01 | 119.67 | 106.34 | 121.22 | 125.89 | 116.98 |
| 2020-02 | 118.43 | 103.18 | 115.44 | 124.42 | 115.16 |
| 2020-03 | 107.97 | 93.2 | 58.66 | 125.51 | 100.39 |
| 2020-04 | 101.39 | 81.91 | 21.05 | 118.56 | 87.33 |
| 2020-05 | 99.6 | 74.13 | 32.81 | 115.08 | 88.56 |
| 2020-06 | 106.48 | 83.42 | 75.48 | 125.6 | 99.99 |
| 2020-07 | 104.07 | 94.6 | 94.13 | 124.13 | 102.65 |
| 2020-08 | 106.93 | 91.95 | 106.06 | 128.53 | 106.86 |
graphiqueIndex of services production
- Sources: DGFiP, INSEE
tableauVariation in the services production
| Nace classification | Weight (1) | Aug 20 | Change in % | ||||
|---|---|---|---|---|---|---|---|
| Aug/July | July/June | Aug/Feb | Q/Q-1 (2) | Q/Q-4 (3) | |||
| Index of services production | 10000 | 106.9 | 4.1 | 2.7 | -7.2 | 12.0 | -11.5 |
| H transportation and storage | 1504 | 91.9 | -2.8 | 13.4 | -10.9 | 8.3 | -18.0 |
| 49 Land transport… | 715 | 97.3 | -6.1 | 15.8 | -6.9 | 9.0 | -14.7 |
| 50 Water transport | 36 | 121.2 | -11.4 | 29.9 | 3.3 | 2.0 | -10.7 |
| 51 Air transport | 115 | 47.6 | -5.9 | 58.9 | -55.1 | -4.0 | -58.8 |
| 52 Warehousing and support for transportation | 504 | 94.0 | 2.9 | 8.5 | -8.6 | 5.3 | -17.9 |
| 53 Postal and courier activities | 135 | 86.0 | 0.7 | -1.5 | -5.7 | 28.1 | -1.6 |
| I Accommodation and food service activities | 870 | 106.1 | 12.7 | 24.7 | -8.1 | 145.0 | -22.3 |
| 55 Accommodation | 205 | 87.6 | 22.6 | 52.0 | -18.7 | 123.9 | -36.5 |
| 56 Food and beverage service activities | 664 | 111.8 | 10.5 | 20.0 | -5.2 | 150.0 | -18.4 |
| J Information-communication | 1635 | 128.5 | 3.5 | -1.2 | 3.3 | 5.3 | 1.6 |
| 58 Publishing activities | 208 | 112.8 | 5.6 | -4.9 | 4.6 | 10.1 | -1.5 |
| 59 Motion picture, sound recording, music publishing | 119 | 89.4 | 9.2 | 3.6 | -14.4 | -0.2 | -25.8 |
| 60 Programming and broadcasting activities | 71 | 112.0 | 23.3 | -0.2 | 5.1 | -9.6 | -8.5 |
| 61 Telecommunications | 415 | 128.4 | 6.1 | 6.1 | 17.2 | 13.6 | 14.4 |
| 62 Computer programming... | 720 | 137.9 | 0.2 | -3.3 | -1.7 | 1.9 | 0.2 |
| 63 Information services | 102 | 151.8 | 2.4 | -6.6 | 6.6 | 7.9 | 9.0 |
| L Real estate activities | 964 | 99.7 | 9.5 | -5.8 | -2.3 | 14.4 | -6.5 |
| M+N Business support | 4289 | 106.9 | 2.7 | -2.3 | -9.7 | 2.8 | -10.4 |
| M Specialised, scientific and technical activities | 2540 | 108.5 | 2.4 | -5.9 | -6.3 | 4.4 | -5.6 |
| 69 Legal and accounting activities | 502 | 115.4 | 1.5 | -4.5 | -1.5 | 17.8 | -2.7 |
| 70 Activities of head offices and management consultancy | 739 | 105.0 | 0.8 | -2.1 | -7.4 | -1.4 | -9.6 |
| 71 Architecture and engineering activities | 491 | 111.6 | 2.8 | -3.4 | -3.5 | 0.1 | -4.6 |
| 72 Scientific research and development | 559 | 102.6 | 6.2 | -15.0 | -10.2 | 4.5 | -2.5 |
| 73 Advertising and market research | 146 | 82.4 | 10.3 | -8.0 | -19.4 | -7.0 | -23.3 |
| 74 Other professional, scientific and technical activities | 79 | 161.3 | -6.6 | 1.0 | -0.5 | 16.1 | 4.1 |
| 75 Veterinary activities | 26 | 129.7 | 0.6 | -9.9 | 4.7 | 18.5 | 13.6 |
| N Administrative and business service activities | 1748 | 104.6 | 3.2 | 3.9 | -14.5 | 0.3 | -16.9 |
| 77 Rental and leasing activities | 526 | 116.9 | 3.8 | -0.1 | -14.7 | 11.3 | -7.4 |
| 78 Employment activities | 502 | 93.1 | 13.2 | 6.3 | -23.3 | -22.5 | -35.4 |
| 79 Travel agency, tour operator | 35 | 42.5 | 49.8 | 24.6 | -48.7 | 7.4 | -70.4 |
| 80 Security and investigation | 104 | 108.8 | -2.6 | -1.1 | -3.4 | 5.7 | -3.3 |
| 81 Services to building and landscape activities | 245 | 118.3 | 2.5 | 0.6 | 3.4 | 11.4 | -0.9 |
| 82 Other administrative and business support activities | 336 | 97.8 | -8.2 | 12.6 | -13.7 | 9.9 | -12.3 |
| R+S Household services | 738 | 99.1 | 12.2 | 22.0 | -15.2 | 41.7 | -29.2 |
| R Arts, entertainment and recreation | 460 | 97.9 | 18.2 | 38.2 | -20.9 | 40.4 | -38.9 |
| S Other personal services | 278 | 101.1 | 3.7 | 4.6 | -4.1 | 43.5 | -9.8 |
- (1) Weight (10 000 = H…S excepting K, O, P, Q)
- (2) last three months / previous three months
- (3) Year-on-year: last three months / same three months of previous year
- Note : given the discrepancies that may exist between the use of temporary employment and the invoices used to establish production indices, the evolution of output observed in the last two months in the sector of employment activities does not necessarily reflect well the evolution of activity over this period in the current particular circumstances.
- Sources : DGFiP, Insee
Output also fell over a year
Over the last three months from June to August, services output fell steeply compared to the same period one year earlier (−11.5%).
Output decreased very sharply in administrative and business service activities (−16.9%) and in transportation and storage (−18.0%), with a collapse in air transport (−58.8%). Output also fell significantly in accommodation and food services activities (−22.3%) and in arts, entertainment and recreation (−38.9%). It decreased more moderately in specialised, scientific and technical activities (−5.6%) and in real estate activities (−6.5%). It increased in information and communication (+1.6%).
Revisions
The month−on−month percentage change rate of the index of services production in June 2020 has not been revised (after rounding). The revision of the raw index (+0.4 points) has been offset by the update of the SA−WDA coefficients (−0.4 points).
tableauRevision of variations
| July/June | June/May | May/April | Q2 2020/Q1 2020 | 2019/ 2018 | |
|---|---|---|---|---|---|
| Services production | -0.05 | 0.26 | 0.01 | 0.09 | 0.01 |
| Raw series | 0.35 | -0.11 | -0.01 | -0.02 | 0.01 |
| SA-WDA parameters | -0.40 | 0.37 | 0.02 | 0.11 | 0.00 |
- How to read: in the services industries, the SA-WDA percentage change in output between June 2020 and July 2020 is revised by -0.05 points: +0.35 points due to the revisions of raw data and -0.40 points due to the update of SA-WDA parameters
- Sources : DGFiP, Insee
For Further informations
Next issue 27 november 2020 at 12h00
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