Informations Rapides ·
28 February 2023 · n° 58
In Q4 2022, services producer prices fell back over a quarter (‑0.8%) but remained
on a rise over a year (+3.5%) Services producer price indices - fourth quarter 2022
In the fourth quarter of 2022, producer prices of services fell back over a quarter (‑0.8% after +1.4%). This is the first quarterly downturn since the fourth quarter of 2020 (‑0.2%). Prices of services sold to home businesses slowed down (+0.5% after +0.7%), while the prices of those sold on foreign markets fell back markedly (‑6.3% after +1.3%). Prices of services sold to households in France went down in accordance with the usual seasonal pattern (‑1.3% after +2.7%). Over a year, producer prices of services – for all markets – decelerated significantly (+3.5% after +4.9%).
- All markets: ‑0.8%
- Services sold to home businesses: +0.5%
- Deceleration of prices for administrative and support service activities, for accommodation and food service activities and for real estate activities
- Acceleration of prices for professional, scientific and technical activities
- Rebound of prices for information and communication services
- Fall of prices for transportation and storage services
- Services sold to households in France: ‑1.3%
- Services sold on foreign markets: ‑6.3%
- Compared to the previous release, the variation of producer price index for services sold to all markets in the third quarter 2022 is unchanged (after rounding) at +1.4%
- For further information
tableauProducer price indices for all services
| All markets | Home businesses | Households in France | Export | |
|---|---|---|---|---|
| 2022-Q4 | 111.5 | 110.8 | 110.2 | 117.9 |
| 2022-Q3 | 112.4 | 110.3 | 111.6 | 125.8 |
| 2022-Q2 | 110.9 | 109.5 | 108.7 | 124.2 |
| 2022-Q1 | 108.5 | 107.5 | 106.1 | 119.7 |
| 2021-Q4 | 107.7 | 106.6 | 105.8 | 118.1 |
| 2021-Q3 | 107.2 | 105.7 | 106.6 | 116.3 |
| 2021-Q2 | 105.5 | 105.1 | 104.3 | 110.0 |
| 2021-Q1 | 104.6 | 104.7 | 103.5 | 106.3 |
| 2020-Q4 | 104.1 | 104.6 | 103.4 | 102.6 |
| 2020-Q3 | 104.3 | 104.6 | 104.7 | 101.6 |
| 2020-Q2 | 103.7 | 104.3 | 103.1 | 102.1 |
| 2020-Q1 | 103.7 | 104.4 | 103.2 | 101.2 |
| 2019-Q4 | 103.6 | 104.2 | 103.4 | 101.0 |
| 2019-Q3 | 103.9 | 103.8 | 105.1 | 101.4 |
| 2019-Q2 | 103.1 | 103.6 | 103.0 | 100.4 |
| 2019-Q1 | 102.2 | 102.7 | 102.2 | 99.2 |
| 2018-Q4 | 102.1 | 102.6 | 101.8 | 99.8 |
| 2018-Q3 | 102.7 | 102.4 | 104.2 | 100.3 |
| 2018-Q2 | 101.9 | 102.2 | 102.3 | 99.2 |
| 2018-Q1 | 101.3 | 101.5 | 101.8 | 98.6 |
| 2017-Q4 | 101.2 | 101.6 | 101.1 | 98.9 |
| 2017-Q3 | 101.2 | 100.9 | 102.8 | 99.4 |
| 2017-Q2 | 100.9 | 101.0 | 101.0 | 99.7 |
| 2017-Q1 | 100.5 | 100.6 | 100.7 | 99.2 |
| 2016-Q4 | 100.5 | 100.8 | 100.2 | 99.3 |
| 2016-Q3 | 100.7 | 100.5 | 101.6 | 99.3 |
| 2016-Q2 | 100.3 | 100.6 | 100.0 | 98.5 |
| 2016-Q1 | 99.9 | 100.2 | 99.7 | 98.4 |
| 2015-Q4 | 100.0 | 100.4 | 99.5 | 99.5 |
| 2015-Q3 | 100.5 | 100.1 | 101.6 | 100.7 |
| 2015-Q2 | 99.9 | 99.9 | 99.6 | 99.8 |
| 2015-Q1 | 99.6 | 99.7 | 99.3 | 100.0 |
graphiqueProducer price indices for all services
- Source: INSEE
All markets: ‑0.8%
In the fourth quarter of 2022, producer prices of services fell back over a quarter (‑0.8% after +1.4%). This is the first quarterly downturn since the fourth quarter of 2020 (‑0.2%). Prices of services sold to home businesses slowed down (+0.5% after +0.7%), while the prices of those sold on foreign markets fell back markedly (‑6.3% after +1.3%). Prices of services sold to households in France went down in accordance with the usual seasonal pattern (‑1.3% after +2.7%). Over a year, producer prices of services – for all markets – decelerated significantly (+3.5% after +4.9%).
tableauServices producer price indices for all markets (BtoAll*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2022Q4 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 111.5 | -0.8 | 3.5 |
| H : transportation and storage services | 194 | 125.7 | -4.8 | 3.8 |
| I : accommodation and food service activities | 103 | 113.9 | -0.7 | 7.1 |
| J : information and communication services | 201 | 100.9 | 0.3 | 0.7 |
| L : real estate activities | 136 | 109.2 | 0.3 | 2.7 |
| M : professional, scientific and technical activities | 191 | 109.2 | 1.0 | 3.2 |
| N : administrative and support service activities | 166 | 111.0 | 0.5 | 5.1 |
- *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: +0.5%
In the fourth quarter of 2022, producer prices of services sold to home businesses decelerated over a quarter (+0.5% after +0.7%), as over a year (+3.9% after +4.4%).
tableauServices producer price indices: services sold to home businesses (BtoB*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2022Q4 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 110.8 | 0.5 | 3.9 |
| H : transportation and storage services | 193 | 121.8 | -0.5 | 6.3 |
| I : accommodation and food service activities | 46 | 111.7 | 1.8 | 9.0 |
| J : information and communication services | 233 | 101.6 | 0.7 | 1.0 |
| L : real estate activities | 95 | 115.9 | 0.4 | 4.3 |
| M : professional, scientific and technical activities | 214 | 108.2 | 1.0 | 2.9 |
| N : administrative and support service activities | 211 | 111.2 | 0.7 | 4.8 |
- *BtoB: business to business
- The sector S "Other services" is not displayed due to its low economic weight.
- Source: INSEE
Deceleration of prices for administrative and support service activities, for accommodation and food service activities and for real estate activities
Prices for administrative and support service activities slowed down in the fourth quarter of 2022 (+0.7% after +1.1%), notably those for rental and leasing services (+1.2% after +1.5%). However, prices for employment services sped up (+1.5% after +0.4%). Year on year, prices for administrative and support service activities accelerated slightly (+4.8% after +4.5%) and were 7% above their 2019 level.
In the fourth quarter of 2022, prices for accommodation and food service activities decelerated again over a quarter (+1.8% after +2.4% in the third quarter of 2022 and +4.7% in the second quarter of 2022), due to the slowdown of prices for hotel and similar accommodation services (+2.1% after +3.2% and +17.4%). However, prices for accommodation and food service activities sped up over a year (+9.0% after +7.0%), thus reaching a level 10% higher than in 2019.
In the fourth quarter of 2022, prices for real estate activities also decelerated over a quarter (+0.4% after +1.1%) as over a year, but remained nonetheless on a high rise (+4.3% after +4.5%). They were 7% above their 2019 level.
Acceleration of prices for professional, scientific and technical activities
In the fourth quarter of 2022, prices for professional, scientific and technical activities accelerated over a quarter (+1.0% after +0.3%), driven by those for media representation services which rebounded in accordance with the seasonal pattern (+18.6% after ‑11.1%). Year on year, prices for professional, scientific and technical activities rose by 2.9% (after +3.1%). Those prices were 4% above their 2019 level.
Rebound of prices for information and communication services
In the fourth quarter of 2022, prices for information and communication services rebounded over a quarter (+0.7% after ‑0.3%), driven by the seasonal rebound in prices for programming and broadcasting services (+13.1% after ‑8.4%). Over a year, prices for information and communication services slowed down (+1.0% after +1.5%). They were almost unchanged compared to their level in 2019 (+0.3%).
Fall of prices for transportation and storage services
In the fourth quarter of 2022, prices for transportation and storage services fell over a quarter (‑0.5% after +1.4%). Prices for air transport services went down, while those for land transport services and transport services via pipelines decelerated (+0.5% after +1.0%) and those for warehousing and support services for transportation were stable (+0.0% after +0.2%). Year on year, prices for transportation and storage services slowed down (+6.3% after +7.7%). However, these prices were still 14% above their 2019 average level.
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 | |
|---|---|---|---|---|---|---|
| 2022-Q4 | 121.8 | 111.7 | 101.6 | 115.9 | 108.2 | 111.2 |
| 2022-Q3 | 122.4 | 109.7 | 100.9 | 115.4 | 107.1 | 110.4 |
| 2022-Q2 | 120.7 | 107.1 | 101.2 | 114.2 | 106.8 | 109.2 |
| 2022-Q1 | 116.7 | 102.3 | 100.5 | 113.2 | 105.6 | 107.2 |
| 2021-Q4 | 114.6 | 102.5 | 100.6 | 111.1 | 105.1 | 106.1 |
| 2021-Q3 | 113.7 | 102.5 | 99.4 | 110.4 | 103.9 | 105.6 |
| 2021-Q2 | 110.5 | 100.0 | 100.3 | 110.5 | 104.1 | 105.1 |
| 2021-Q1 | 109.9 | 98.8 | 99.9 | 110.0 | 103.9 | 104.9 |
| 2020-Q4 | 108.5 | 98.8 | 100.6 | 110.7 | 103.9 | 104.1 |
| 2020-Q3 | 108.6 | 100.9 | 100.1 | 111.6 | 103.2 | 104.5 |
| 2020-Q2 | 108.9 | 98.9 | 99.9 | 109.7 | 103.4 | 103.9 |
| 2020-Q1 | 108.5 | 101.0 | 100.5 | 110.0 | 103.4 | 103.9 |
| 2019-Q4 | 106.8 | 102.0 | 101.3 | 108.7 | 103.7 | 103.7 |
| 2019-Q3 | 107.0 | 101.8 | 100.9 | 107.5 | 103.0 | 103.7 |
| 2019-Q2 | 106.8 | 102.5 | 101.0 | 105.7 | 103.2 | 103.2 |
| 2019-Q1 | 105.5 | 99.6 | 100.2 | 105.3 | 102.0 | 103.1 |
| 2018-Q4 | 104.9 | 100.1 | 100.7 | 104.2 | 102.2 | 102.6 |
| 2018-Q3 | 105.1 | 99.5 | 100.7 | 103.6 | 101.5 | 102.8 |
| 2018-Q2 | 104.1 | 100.8 | 101.0 | 104.0 | 101.1 | 102.4 |
| 2018-Q1 | 102.6 | 99.1 | 100.2 | 103.3 | 101.0 | 102.0 |
| 2017-Q4 | 102.1 | 99.6 | 101.1 | 104.3 | 101.2 | 101.4 |
| 2017-Q3 | 101.5 | 98.0 | 100.0 | 103.1 | 100.4 | 101.2 |
| 2017-Q2 | 101.2 | 99.2 | 100.5 | 103.2 | 100.7 | 101.1 |
| 2017-Q1 | 100.7 | 97.7 | 100.1 | 102.8 | 100.8 | 100.6 |
| 2016-Q4 | 100.3 | 98.5 | 101.0 | 102.2 | 100.8 | 100.7 |
| 2016-Q3 | 100.4 | 97.9 | 100.1 | 102.9 | 100.3 | 100.6 |
| 2016-Q2 | 99.8 | 100.0 | 100.6 | 101.0 | 101.5 | 100.6 |
| 2016-Q1 | 99.4 | 97.4 | 100.2 | 100.7 | 101.4 | 100.3 |
| 2015-Q4 | 99.6 | 98.2 | 100.8 | 100.0 | 101.6 | 100.1 |
| 2015-Q3 | 100.4 | 104.2 | 99.8 | 99.8 | 99.5 | 99.9 |
| 2015-Q2 | 100.4 | 98.9 | 99.9 | 100.0 | 99.6 | 100.0 |
| 2015-Q1 | 99.6 | 98.7 | 99.6 | 100.2 | 99.4 | 99.9 |
graphiqueProducer price indices of services sold to French businesses
- Source: INSEE
Services sold to households in France: ‑1.3%
In the fourth quarter of 2022, producer prices of services sold to households in France fell over a quarter (‑1.3% after +2.7%), notably due to the seasonal downturn of prices for accommodation and food service activities (‑1.6% after +4.4%) and for administrative and support service activities (‑1.7% after +3.8%). Prices for transportation and storage services fell sharply (‑4.3% after +6.2%), as those for information and communication services (‑1.4% after +0.1%). However, those for professional, scientific and technical activities accelerated (+1.9% after +1.0%), while those for real estate activities slowed down (+0.2% after +0.5%). Year on year, producer prices of services sold to households in France decelerated slightly in the fourth quarter of 2022 (+4.2%, after +4.7%).
tableauServices producer price indices: services sold to households in France (BtoC*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2022Q4 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 110.2 | -1.3 | 4.2 |
| H : transportation and storage services | 160 | 120.1 | -4.3 | 9.0 |
| I : accommodation and food service activities | 284 | 114.7 | -1.6 | 6.3 |
| J : information and communication services | 133 | 100.7 | -1.4 | -0.5 |
| L : real estate activities | 294 | 103.6 | 0.2 | 1.3 |
| M : professional, scientific and technical activities | 78 | 120.0 | 1.9 | 4.6 |
| N : administrative and support service activities | 37 | 103.2 | -1.7 | 4.6 |
- *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: ‑6.3%
In the fourth quarter of 2022, exported services producer prices fell back sharply over a quarter (‑6.3% after +1.3%), driven by the strong fall of those for transportation and storage services (‑16.5% after +1.7%) which had gone up significantly during the health crisis. In particular, prices for sea and coastal freight water transport services fell considerably (‑25.8% after ‑1.3% and +6.8% in the second quarter of 2022), notably due to a fall in demand. Prices for administrative and support service activities decelerated (+0.5% after +2.2%), as did those for professional, scientific and technical activities (+0.4% after +1.1%). At last, prices for information and communication services rebounded moderately (+0.3% after ‑1.0%). Year on year, exported services producer prices fell slightly (‑0.2% after +8.2%). However, these prices still stood 17% above their 2019 level.
tableauServices producer price indices: services sold on foreign markets (BtoE*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2022Q4 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 117.9 | -6.3 | -0.2 |
| H : transportation and storage services | 279 | 148.0 | -16.5 | -7.4 |
| J : information and communication services | 183 | 95.9 | 0.3 | 0.5 |
| M : professional, scientific and technical activities | 323 | 106.4 | 0.4 | 3.4 |
| N : administrative and support service activities | 205 | 114.2 | 0.5 | 7.4 |
- *BtoE: business to exports
- The sectors I "Accommodation and food services", L "Real estate activities" and S "Other services" are not displayed due to their low economics weights.
- Source: INSEE
Compared to the previous release, the variation of producer price index for services sold to all markets in the third quarter 2022 is unchanged (after rounding) at +1.4%
tableauRevision of variations
| Services producer price indices | 2022Q1/ 2021Q4 | 2022Q2/ 2022Q1 | 2022Q3/ 2022Q2 |
|---|---|---|---|
| - services sold to all markets (BtoAll) | // | -0.1 | // |
| - services sold to home businesses (BtoB) | // | // | -0.1 |
| - services sold to households in France (BtoC) | // | +0.1 | -0.2 |
| - exported services (BtoE) | +0.1 | // | -0.1 |
- //: unrevised evolution (after rounding)
- How to read it: the variation of the producer prices of services sold to home businesses between the second quarter of 2022 and the third quarter of 2022 has been revised by -0.1 point: published in November 2022 equal to +0.8%, it has been updated to +0.7%.
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.
Further information (methodological documentation, classification, etc.) is available by the “Documentation” tab on the web page of this publication.
Next publication: 31 May 2023 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.
Further information (methodological documentation, classification, etc.) is available by the “Documentation” tab on the web page of this publication.
Next publication: 31 May 2023 at 12.00 p.m.