Informations rapides
27 November 2020
2020 - n° 311
In Q3 2020, producer prices of services increased by 0.5%Services producer price indices - third quarter 2020

In the 3rd quarter of 2020, producer prices of services increased by 0.5% (after +0.1% in the previous quarter). Those for services sold to home businesses were back on the rise (+0.3% after a stability), as well as prices of services sold to households in France (+1.6% after –0.1%), while those of exported services fell back (–0.4% after +1.2%). Year on year, producer prices of services slowed down again (+0.5% after +0.8% and +1.6%).

Informations rapides
No 311
Paru le : Paru le 27/11/2020
Warning

As of this issue, the format of the « Informations rapides » on services producer prices evolves: the title of the publication now refers to the evolution of services producer prices for all market segments, whether they are sold to home businesses, to housesolds or intended for export. In addition, we now first comment the overall evolution of the services prices.

Furthermore, on the occasion of this publication, the time series of services producer prices indices are enriched with backcasted data in base 2015: https://www.insee.fr/en/statistiques/series/110182815.

Producer price indices for all services

Producer price indices for all services
All markets Home businesses Households in France Export
2015-Q1 99.6 99.7 99.3 100.0
2015-Q2 99.9 99.9 99.6 99.8
2015-Q3 100.5 100.1 101.6 100.7
2015-Q4 100.0 100.4 99.5 99.5
2016-Q1 99.9 100.2 99.7 98.4
2016-Q2 100.3 100.6 100.0 98.5
2016-Q3 100.7 100.5 101.6 99.3
2016-Q4 100.5 100.8 100.2 99.3
2017-Q1 100.5 100.6 100.7 99.2
2017-Q2 100.9 101.0 101.0 99.7
2017-Q3 101.2 100.9 102.8 99.4
2017-Q4 101.2 101.6 101.1 98.9
2018-Q1 101.3 101.5 101.8 98.6
2018-Q2 101.9 102.2 102.3 99.2
2018-Q3 102.7 102.4 104.2 100.3
2018-Q4 102.1 102.6 101.8 99.8
2019-Q1 102.2 102.7 102.2 99.2
2019-Q2 103.1 103.6 103.0 100.4
2019-Q3 103.9 103.8 105.1 101.4
2019-Q4 103.6 104.2 103.4 101.0
2020-Q1 103.8 104.4 103.2 101.3
2020-Q2 103.9 104.4 103.1 102.5
2020-Q3 104.4 104.7 104.7 102.1

Producer price indices for all services

  • Source: INSEE.

All markets: +0.5%

In the 3rd quarter of 2020, producer prices of services increased by 0.5% (after +0.1% in the previous quarter). Those for services sold to home businesses were back on the rise (+0.3% after a stability), as well as prices of services sold to households in France (+1.6% after –0.1%), while those of exported services fell back (–0.4% after +1.2%). Year on year, producer prices of services slowed down again (+0.5% after +0.8% and +1.6%).

Services producer price indices for all markets (BtoAll*), by section

reference year: 2015
Services producer price indices for all markets (BtoAll*), by section (reference year: 2015)
French classification of activities – NAF rév. 2 Weight Indices Change in %
2020Q03 Q/Q-1 Q/Q-4
All services 1000 104.4 0.5 0.5
H : transportation and storage 195 107.6 0.3 1.1
I : accommod. and food serv. 103 106.1 2.1 -0.7
J : information and communic. 200 100.7 0.5 0.4
L : real estate activities 138 106.1 0.9 1.1
M : prof., scient. and tech. 191 103.3 -0.1 -0.1
N : administ. and support serv. 164 104.0 0.3 0.8
  • *BtoAll: business to all
  • The sector S "Other services" is not displayed due to its low economic weight.
  • Source: INSEE

Services sold to home businesses: +0.3%

In the 3rd quarter of 2020, producer prices of services sold to French businesses were back on the rise (+0.3% after a stability). Year on year, they increased practically at the same pace as in the 2nd quarter (+0.9% after +0.8%).

Services producer price indices: services sold to home businesses (BtoB*), by section

reference year: 2015
Services producer price indices: services sold to home businesses (BtoB*), by section (reference year: 2015)
French classification of activities – NAF rév. 2 Weight Indices Change in %
2020Q03 Q/Q-1 Q/Q-4
All services 1000 104.7 0.3 0.9
H : transportation and storage 198 108.3 -0.6 1.2
I : accommod. and food serv. 47 101.1 2.2 -0.7
J : information and communic. 229 100.8 0.5 -0.1
L : real estate activities 99 111.8 1.5 4.0
M : prof., scient. and tech. 213 103.0 -0.4 0.0
N : administ. and support serv. 205 104.6 0.5 0.9
  • *BtoB: business to business
  • The sector S "Other services" is not displayed due to its low economic weight.
  • Source: INSEE

Rebound in prices for real estate activities, accommodation and food service activities and for information and communication services

Prices for real estate activities recovered sharply in the 3rd quarter of 2020 (+1.5% after –0.1%), driven by the rise in prices for renting and operating services of own or leased real estate (+1.4% after a stability). Year on year, prices for real estate activities kept increasing sharply (+4.0% after +4.2%).

Prices for accommodation and food service activities rebounded in the 3rd quarter of 2020 (+2.2% after –2.1%), mainly due to the strong recovery in prices for hotel and similar accommodation services (+7.5% after –10.1%). Nevertheless, prices for accommodation and food service activities remained down over a year (–0.7% after –3.5%).

Prices for information and communication services rebounded also in the 3rd quarter of 2020 (+0.5% after –0.2%), notably due to the significant rise in prices for computer consultancy activities (+1.3% after –0.1%). Year on year, prices for information and communication services were virtually stable (–0.1% after –0.7%).

Rise in prices for administrative and support service activities

Prices for administrative and support service activities increased again in the 3rd quarter of 2020 (+0.5% after +0.2%), notably as a result of the strong rise in prices for rental and leasing activities (+0.8% after +1.1%) and the rebound in prices for general cleaning services of buildings (+1.7% after –3.4%). On the contrary, prices for temporary employment agency activities fell back (–1.5% after +1.6%). Year on year, prices for administrative and support service activities increased by 0.9% (as in the previous quarter).

Decline in prices for transportation and storage services and for professional, scientific and technical activities

Prices for transportation and storage services fell back in the 3rd quarter of 2020 (–0.6% after +0.4%), driven by the strong fall in prices for warehousing and support activities for transportation (–1.9% after +0.7%). Year on year, prices for transportation and storage services decelerated again (+1.2% after +2.1% and +2.9%).

Prices for professional, scientific and technical activities declined slightly in the 3rd quarter of 2020 (–0.4% after a stability) and were stable over a year (after +0.2%).

Producer price indices of services sold to French businesses

Producer price indices of services sold to French businesses
H: transp. and storage I: accommod. and food J: info. and comm. L: real estate act. M: prof., scient. and tech. N: adm. and support
2015-Q1 99.6 98.7 99.6 100.2 99.4 99.9
2015-Q2 100.4 98.9 99.9 100.0 99.6 100.0
2015-Q3 100.4 104.2 99.8 99.8 99.5 99.9
2015-Q4 99.6 98.2 100.8 100.0 101.6 100.1
2016-Q1 99.4 97.4 100.2 100.7 101.4 100.3
2016-Q2 99.8 100.0 100.6 101.0 101.5 100.6
2016-Q3 100.4 97.9 100.1 102.9 100.3 100.6
2016-Q4 100.3 98.5 101.0 102.2 100.8 100.7
2017-Q1 100.7 97.7 100.1 102.8 100.8 100.6
2017-Q2 101.2 99.2 100.5 103.2 100.7 101.1
2017-Q3 101.5 98.0 100.0 103.1 100.4 101.2
2017-Q4 102.1 99.6 101.1 104.3 101.2 101.4
2018-Q1 102.6 99.1 100.2 103.3 101.0 102.0
2018-Q2 104.1 100.8 101.0 104.0 101.1 102.4
2018-Q3 105.1 99.5 100.7 103.6 101.5 102.8
2018-Q4 104.9 100.1 100.7 104.2 102.2 102.6
2019-Q1 105.5 99.6 100.2 105.3 102.0 103.1
2019-Q2 106.8 102.5 101.0 105.7 103.2 103.2
2019-Q3 107.0 101.8 100.9 107.5 103.0 103.7
2019-Q4 106.8 102.0 101.3 108.7 103.7 103.7
2020-Q1 108.6 101.0 100.5 110.2 103.4 103.9
2020-Q2 109.0 98.9 100.3 110.1 103.4 104.1
2020-Q3 108.3 101.1 100.8 111.8 103.0 104.6

Producer price indices of services sold to French businesses

  • Source: INSEE

Services sold to households in France: +1.6%

In the 3rd quarter of 2020, producer prices of services sold to households in France recovered (+1.6% after –0.1%), mainly driven by the seasonal rises in prices for transportation and storage services (+3.9% after +0.3%) and for accommodation and food service activities (+2.2% after –0.1%). Nevertheless, producer prices of services sold to households in France declined over a year (–0.4% after +0.1%).

Services producer price indices: services sold to households in France (BtoC*), by section

reference year: 2015
Services producer price indices: services sold to households in France (BtoC*), by section (reference year: 2015)
French classification of activities – NAF rév. 2 Weight Indices Change in %
2020Q03 Q/Q-1 Q/Q-4
All services 1000 104.7 1.6 -0.4
H : transportation and storage 155 107.4 3.9 0.0
I : accommod. and food serv. 285 108.4 2.2 -0.6
J : information and communic. 136 101.8 1.1 0.8
L : real estate activities 298 101.3 0.2 -1.2
M : prof., scient. and tech. 75 106.8 0.3 -0.3
N : administ. and support serv. 36 100.6 2.3 0.5
  • *BtoC: business to consumer
  • The sector S "Other services" is not displayed due to its low economic weight.
  • Source: INSEE

Services sold on foreign markets: –0.4%

Exported services producer prices fell back in the 3rd quarter of 2020 (–0.4% after +1.2%), in particular those for information and communication services (–0.6% after +3.0%). Prices for administrative and support service activities declined strongly again (–1.2%, as in the previous quarter). Year on year, exported services producer prices decelerated sharply (+0.7% after +2.1%).

Services producer price indices: services sold on foreign markets (BtoE*), by section

reference year: 2015
Services producer price indices: services sold on foreign markets (BtoE*), by section (reference year: 2015)
French classification of activities – NAF rév. 2 Weight Indices Change in %
2020Q03 Q/Q-1 Q/Q-4
All services 1000 102.1 -0.4 0.7
H : transportation and storage 266 105.8 0.0 2.6
J : information and communic. 180 97.5 -0.6 3.3
M : prof., scient. and tech. 325 101.9 0.2 -1.0
N : administ. and support serv. 220 102.6 -1.2 -0.4
  • *BtoE: business to exports
  • The sectors I "Accomodation and food", L "Real estate activities" and S "Other services" are not displayed due to their lows economics weights.
  • Source: INSEE

Revision of variations

in percentage points
Revision of variations (in percentage points)
Services producer price indices 2020Q02 / 2020Q01
- services sold to all markets (BtoAll) +0.2
- services sold to home businesses (BtoB) +0.3
- services sold to households in France (BtoC) 0.0
- exported services (BtoE) +0.9
  • How to read it: the variation of the services producer price index for all markets between the first quarter of 2020 and the second quarter of 2020 has been revised by +0.2 points: published in August 2020 equal to -0.1%, it has been updated to +0.1%.

For further information

Definition: Services producer prices indices (SPPI) measure the quarterly evolution of transaction prices, excluding VAT, of services sold by French businesses. They are calculated, by market and by product, based on the results of the survey « Observation of prices in industry and services » (Opise) operated by INSEE.

SPPI are calculated on four types of market segments:

BtoB: business to business, corresponding to services sold to home businesses;

BtoC: business to customer, corresponding to services sold to households in France;

BtoE: business to exports, corresponding to services sold on foreign markets;

BtoAll: business to all, corresponding to the aggregation of the three market segments BtoB, BtoC and BtoE.

Next publication: 26 February 2021 at 12.00 p.m

Pour en savoir plus

Definition: Services producer prices indices (SPPI) measure the quarterly evolution of transaction prices, excluding VAT, of services sold by French businesses. They are calculated, by market and by product, based on the results of the survey « Observation of prices in industry and services » (Opise) operated by INSEE.

SPPI are calculated on four types of market segments:

BtoB: business to business, corresponding to services sold to home businesses;

BtoC: business to customer, corresponding to services sold to households in France;

BtoE: business to exports, corresponding to services sold on foreign markets;

BtoAll: business to all, corresponding to the aggregation of the three market segments BtoB, BtoC and BtoE.

Next publication: 26 February 2021 at 12.00 p.m

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