Informations Rapides ·
26 February 2021 · n° 58
In Q4 2020, services producer prices fell by 0.3% Services producer price indices - fourth quarter 2020
In the 4th quarter of 2020, producer prices of services went down by 0.3% (after +0.6% in the previous quarter). Those for services sold to home businesses were virtually stable (–0.1% after +0.4%). The producer prices of services sold to households in France fell back in accordance with the usual seasonal pattern (–1.2% after +1.6%), while those of exported services rebounded (+0.8% after –0.6%). Year on year, producer prices of services rose by 0.5% (as in the previous quarter).
- All markets: –0.3%
- Services sold to home businesses: –0.1%
- Downturn in prices for accommodation and food service activities, for those in real estate activities and in administrative and support service activities
- Rise in prices for professional, scientific and technical activities and for information and communication services
- Stability in prices for transportation and storage services
- Services sold to households in France: –1.2%
- Services sold on foreign markets: +0.8%
- For further information
tableauProducer price indices for all services depending on the market for which they are intended
| All markets (BtoALL) | Home businesses (BtoB) | Households in France (BtoC) | Export (BtoE) | |
|---|---|---|---|---|
| 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 | 103.7 | 104.4 | 103.2 | 101.2 |
| 2020-Q2 | 103.8 | 104.3 | 103.1 | 102.0 |
| 2020-Q3 | 104.4 | 104.7 | 104.7 | 101.4 |
| 2020-Q4 | 104.1 | 104.6 | 103.4 | 102.2 |
graphiqueProducer price indices for all services depending on the market for which they are intended
- Source: INSEE.
All markets: –0.3%
In the 4th quarter of 2020, producer prices of services went down by 0.3% (after +0.6% in the previous quarter). Those for services sold to home businesses were virtually stable (–0.1% after +0.4%). The producer prices of services sold to households in France fell back in accordance with the usual seasonal pattern (–1.2% after +1.6%), while those of exported services rebounded (+0.8% after –0.6%). Year on year, producer prices of services rose by 0.5% (as in the previous quarter).
tableauServices producer price indices for all markets (BtoAll*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2020Q4 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 104.1 | -0.3 | 0.5 |
| H : transportation and storage services | 195 | 107.4 | -0.2 | 1.9 |
| I : accommodation and food service activities | 103 | 103.7 | -2.2 | -0.9 |
| J : information and communication services | 200 | 100.4 | 0.2 | -0.3 |
| L : real estate activities | 138 | 105.6 | -0.4 | 1.1 |
| M : professional, scientific and technical activities | 191 | 103.8 | 0.4 | -0.2 |
| N : administrative and support service activities | 164 | 103.6 | -0.5 | 0.2 |
- *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: –0.1%
In the 4th quarter of 2020, producer prices of services sold to home businesses were virtually stable (–0.1% after +0.4%). Year on year, they slowed down sharply (+0.4% after +0.9%).
tableauServices producer price indices: services sold to home businesses (BtoB*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2020Q4 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 104.6 | -0.1 | 0.4 |
| H : transportation and storage services | 198 | 108.3 | 0.0 | 1.4 |
| I : accommodation and food service activities | 47 | 98.8 | -2.1 | -3.1 |
| J : information and communication services | 229 | 100.9 | 0.3 | -0.4 |
| L : real estate activities | 99 | 110.8 | -0.8 | 1.9 |
| M : professional, scientific and technical activities | 213 | 103.7 | 0.4 | 0.0 |
| N : administrative and support service activities | 205 | 104.4 | -0.3 | 0.7 |
- *BtoB: business to business
- The sector S "Other services" is not displayed due to its low economic weight.
- Source: INSEE
Downturn in prices for accommodation and food service activities, for those in real estate activities and in administrative and support service activities
In connection with the measures taken to contain the Covid-19 epidemic, prices for accommodation and food service activities fell back strongly in the 4th quarter of 2020 (–2.1% after +2.0%), notably those for hotel and similar accommodation services (–8.3% after +7.5%). Year on year, prices for accommodation and food service activities decreased strongly (–3.1% after –0.9%).
Prices for real estate activities also turned down in the 4th quarter of 2020 (–0.8% after +1.8%), driven down by those for renting and operating services of own or leased real estate (–1.1% after +1.7%). Year on year, prices for real estate activities decelerated (+1.9% after +3.9%).
At last, prices for administrative and support service activities fell back slightly in the 4th quarter of 2020 (–0.3% after +0.7%), notably as a result of the downturn in prices for rental and leasing activities (–0.5% after +0.8%). Nevertheless, prices for administrative and support service activities increased again over a year (+0.7% after +1.0%).
Rise in prices for professional, scientific and technical activities and for information and communication services
Prices for professional, scientific and technical activities went up in the 4th quarter of 2020 (+0.4% after two quarters of virtual stability), driven by the seasonal rebound in prices for media representation services (+12.8% after –2.1%). Year on year, prices for professional, scientific and technical activities were stable (after +0.3%).
Prices for information and communication services kept increasing in the 4th quarter of 2020 (+0.3% after +0.4%), mainly due to the seasonal rise in prices for television programming and broadcasting services (+8.5% after –0.6%). Nevertheless, year on year, prices for information and communication services decreased again (–0.4% after –0.3%).
Stability in prices for transportation and storage services
Prices for transportation and storage services were stable in the 4th quarter of 2020 (after –0.6 %). The rebound in prices for warehousing and support activities for transportation (+1.1% after –1.8%) was counterbalanced by the strong fall in prices for air transport services. Year on year, prices for transportation and storage services increased by 1.4% (after +1.2%).
tableauProducer price indices of services of services sold to home businesses (BtoB)
| 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 | 108.5 | 101.0 | 100.5 | 110.0 | 103.4 | 103.9 |
| 2020-Q2 | 108.9 | 98.9 | 100.2 | 109.7 | 103.4 | 104.0 |
| 2020-Q3 | 108.3 | 100.9 | 100.6 | 111.7 | 103.3 | 104.7 |
| 2020-Q4 | 108.3 | 98.8 | 100.9 | 110.8 | 103.7 | 104.4 |
graphiqueProducer price indices of services sold to home businesses (BtoB)
- Source: INSEE
Services sold to households in France: –1.2%
In the 4th quarter of 2020, producer prices of services sold to households in France fell back (–1.2% after +1.6%), mainly due to the seasonal downturns in prices for transportation and storage services (–3.1% after +3.9%) and for accommodation and food service activities (–2.3% after +2.2%). Year on year, producer prices of services sold to households in France were stable (after –0.4%).
tableauServices producer price indices: services sold to households in France (BtoC*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2020Q4 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 103.4 | -1.2 | 0.0 |
| H : transportation and storage services | 155 | 104.1 | -3.1 | -0.6 |
| I : accommodation and food service activities | 285 | 105.9 | -2.3 | 0.0 |
| J : information and communication services | 136 | 101.4 | -0.6 | 0.1 |
| L : real estate activities | 298 | 101.3 | 0.1 | 0.3 |
| M : professional, scientific and technical activities | 75 | 108.0 | 1.2 | 0.7 |
| N : administrative and support service activities | 36 | 98.2 | -2.4 | -0.7 |
- *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: +0.8%
Exported services producer prices rebounded in the 4th quarter of 2020 (+0.8% after –0.6%), driven by the strong rise in prices for transportation and storage services (+3.1% after –0.4%). Those for administrative and support service activities kept falling (–0.6% after –1.1%). Year on year, exported services producer prices were back on the rise (+1.2% after a stability).
tableauServices producer price indices: services sold on foreign markets (BtoE*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2020Q4 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 102.2 | 0.8 | 1.2 |
| H : transportation and storage services | 266 | 108.6 | 3.1 | 7.6 |
| J : information and communication services | 180 | 94.7 | 0.5 | -0.4 |
| M : professional, scientific and technical activities | 325 | 101.8 | 0.0 | -0.8 |
| N : administrative and support service activities | 220 | 102.2 | -0.6 | -1.9 |
- *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 | 2020Q3 / 2020Q2 |
|---|---|
| - services sold to all markets (BtoAll) | +0.1 |
| - services sold to home businesses (BtoB) | +0.1 |
| - services sold to households in France (BtoC) | 0.0 |
| - exported services (BtoE) | -0.2 |
- How to read it: the variation of the services producer price index for all markets between the second quarter of 2020 and the third quarter of 2020 has been revised by +0.1 points: published in November 2020 equal to +0.5%, it has been updated to +0.6%.
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: 28 May 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: 28 May 2021 at 12.00 p.m
Time series: Services producer price indices