27 November 2020
2020- n° 311In 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%).
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.
- All markets: +0.5%
- Services sold to home businesses: +0.3%
- Rebound in prices for real estate activities, accommodation and food service activities and for information and communication services
- Rise in prices for administrative and support service activities
- Decline in prices for transportation and storage services and for professional, scientific and technical activities
- Services sold to households in France: +1.6%
- Services sold on foreign markets: –0.4%
- For further information
tableauProducer 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 |
graphiqueProducer 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%).
tableauServices producer price indices for all markets (BtoAll*), by section
| 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%).
tableauServices producer price indices: services sold to home businesses (BtoB*), by section
| 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%).
tableauProducer 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 |
graphiqueProducer 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%).
tableauServices producer price indices: services sold to households in France (BtoC*), by section
| 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%).
tableauServices producer price indices: services sold on foreign markets (BtoE*), by section
| 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
tableauRevision of variations
| 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
Time series: Services producer price indices
