Informations Rapides ·
31 May 2023 · n° 142
In Q1 2023, services producer prices rose by 0.2% over a quarter and by 3.0% over
a year Services producer price indices - first quarter 2023
In the first quarter of 2023, producer prices of services rebounded slightly over a quarter (+0.2% after ‑0.7%). Prices of services sold to home businesses accelerated (+0.7% after +0.5%), while those sold on foreign markets fell sharply again (‑4.1% after ‑6.3%). Prices of services sold to households in France rebounded in accordance with their usual seasonal pattern (+0.7% after ‑1.2%). Over a year, producer prices of services – for all markets – continued to decelerate (+3.0% after +3.6% in the fourth quarter of 2022 and +4.9% in the third quarter of 2022). They were 6.9% above their level in the first quarter of 2021.
- All markets: +0.2%
- Services sold to home businesses: +0.7%
- Acceleration of prices for administrative and support service activities
- Rise of prices for professional, scientific and technical activities and for real estate activities
- Rebound of prices for transportation and storage services
- Deceleration of prices for information and communication services and for accommodation and food service activities
- Services sold to households in France: +0.7%
- Services sold on foreign markets: ‑4.1%
- Revisions
- For further information
tableauProducer price indices for all services
| Export | Home businesses | Households in France | All markets | |
|---|---|---|---|---|
| 2023-Q1 | 113.2 | 111.7 | 111.1 | 111.8 |
| 2022-Q4 | 118.0 | 110.9 | 110.3 | 111.6 |
| 2022-Q3 | 125.9 | 110.3 | 111.6 | 112.4 |
| 2022-Q2 | 124.4 | 109.5 | 108.7 | 111.0 |
| 2022-Q1 | 119.7 | 107.5 | 106.1 | 108.5 |
| 2021-Q4 | 118.1 | 106.6 | 105.8 | 107.7 |
| 2021-Q3 | 116.3 | 105.7 | 106.6 | 107.2 |
| 2021-Q2 | 110.0 | 105.1 | 104.3 | 105.5 |
| 2021-Q1 | 106.3 | 104.7 | 103.5 | 104.6 |
| 2020-Q4 | 102.6 | 104.6 | 103.4 | 104.1 |
| 2020-Q3 | 101.6 | 104.6 | 104.7 | 104.3 |
| 2020-Q2 | 102.1 | 104.3 | 103.1 | 103.7 |
| 2020-Q1 | 101.2 | 104.4 | 103.2 | 103.7 |
| 2019-Q4 | 101.0 | 104.2 | 103.4 | 103.6 |
| 2019-Q3 | 101.4 | 103.8 | 105.1 | 103.9 |
| 2019-Q2 | 100.4 | 103.6 | 103.0 | 103.1 |
| 2019-Q1 | 99.2 | 102.7 | 102.2 | 102.2 |
| 2018-Q4 | 99.8 | 102.6 | 101.8 | 102.1 |
| 2018-Q3 | 100.3 | 102.4 | 104.2 | 102.7 |
| 2018-Q2 | 99.2 | 102.2 | 102.3 | 101.9 |
| 2018-Q1 | 98.6 | 101.5 | 101.8 | 101.3 |
| 2017-Q4 | 98.9 | 101.6 | 101.1 | 101.2 |
| 2017-Q3 | 99.4 | 100.9 | 102.8 | 101.2 |
| 2017-Q2 | 99.7 | 101.0 | 101.0 | 100.9 |
| 2017-Q1 | 99.2 | 100.6 | 100.7 | 100.5 |
| 2016-Q4 | 99.3 | 100.8 | 100.2 | 100.5 |
| 2016-Q3 | 99.3 | 100.5 | 101.6 | 100.7 |
| 2016-Q2 | 98.5 | 100.6 | 100.0 | 100.3 |
| 2016-Q1 | 98.4 | 100.2 | 99.7 | 99.9 |
| 2015-Q4 | 99.5 | 100.4 | 99.5 | 100.0 |
| 2015-Q3 | 100.7 | 100.1 | 101.6 | 100.5 |
| 2015-Q2 | 99.8 | 99.9 | 99.6 | 99.9 |
| 2015-Q1 | 100.0 | 99.7 | 99.3 | 99.6 |
graphiqueProducer price indices for all services
- Source: INSEE
All markets: +0.2%
In the first quarter of 2023, producer prices of services rebounded slightly over a quarter (+0.2% after ‑0.7%). Prices of services sold to home businesses accelerated (+0.7% after +0.5%), while those sold on foreign markets fell sharply again (‑4.1% after ‑6.3%). Prices of services sold to households in France rebounded in accordance with their usual seasonal pattern (+0.7% after ‑1.2%). Over a year, producer prices of services – for all markets – continued to decelerate (+3.0% after +3.6% in the fourth quarter of 2022 and +4.9% in the third quarter of 2022). They were 6.9% above their level in the first quarter of 2021.
tableauServices producer price indices for all markets (BtoAll*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2023 Q1 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 111.8 | 0.2 | 3.0 |
| H : transportation and storage services | 194 | 123.2 | -2.0 | 0.5 |
| I : accommodation and food service activities | 103 | 115.1 | 1.1 | 7.3 |
| J : information and communication services | 201 | 101.5 | 0.3 | 1.3 |
| L : real estate activities | 136 | 110.0 | 0.7 | 2.5 |
| M : professional, scientific and technical activities | 191 | 110.0 | 0.9 | 3.5 |
| N : administrative and support service activities | 166 | 112.5 | 1.1 | 5.3 |
- *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: +0.7%
In the first quarter of 2023, producer prices of services sold to home businesses sped up over a quarter (+0.7% after +0.5%) and rose by 3.9% over a year (after +4.0%).
tableauServices producer price indices: services sold to home businesses (BtoB*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2023 Q1 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 111.7 | 0.7 | 3.9 |
| H : transportation and storage services | 193 | 122.4 | 0.5 | 4.9 |
| I : accommodation and food service activities | 46 | 112.7 | 1.0 | 10.2 |
| J : information and communication services | 233 | 102.1 | 0.2 | 1.6 |
| L : real estate activities | 95 | 116.5 | 0.5 | 2.9 |
| M : professional, scientific and technical activities | 214 | 109.0 | 0.8 | 3.2 |
| N : administrative and support service activities | 211 | 112.9 | 1.5 | 5.3 |
- *BtoB: business to business
- The sector S "Other services" is not displayed due to its low economic weight.
- Source: INSEE
Acceleration of prices for administrative and support service activities
Prices for administrative and support service activities sped up significantly in the first quarter of 2023 (+1.5% after +0.7%), mainly due to the acceleration of prices for rental and leasing services (+2.1% after +1.3%) and those of services to buildings and landscape (+1.2% after +0.2%). On the contrary, prices for employment services decelerated (+0.9% after +1.5%). Year on year, prices for administrative and support service activities accelerated again in the first quarter of 2023 (+5.3% after +4.8% and +4.5%) and were 7.6% above their level in the first quarter of 2021.
Rise of prices for professional, scientific and technical activities and for real estate activities
In the first quarter of 2023, prices for professional, scientific and technical activities rose by 0.8% over a quarter (after +1.0%), held up by the acceleration of those for engineering services and related technical consulting services (+2.5% after +0.7%). Prices for media representation services fell back in accordance with their seasonal pattern (‑13.2% after +18.7%). Year on year, prices for professional, scientific and technical activities sped up slightly (+3.2% after +2.9%). They were around 5% above their Q1 2021 level.
In the first quarter of 2023, prices for real estate activities went up by 0.5% over a quarter (after +0.4%) and decelerated over a year (+2.9% after +4.3%). These prices were around 6% above their level in the first quarter of 2021.
Rebound of prices for transportation and storage services
In the first quarter of 2023, prices for transportation and storage services rebounded over a quarter (+0.5% after ‑0.5%), notably due to the upturn of those for warehousing and support services for transportation (+0.9% after two quarters of virtual stability). However, prices for transportation and storage services slowed down again over a year (+4.9% after +6.3% and +7.7%). These prices were 11.4% above their Q1 2021 level.
Deceleration of prices for information and communication services and for accommodation and food service activities
In the first quarter of 2023, prices for information and communication services slowed down over a quarter (+0.2% after +0.8%). Prices for computer consultancy services rebounded (+1.6% after ‑0.4%), as did those for publishing services (+3.8% after ‑0.6%). On the contrary, prices for programming and broadcasting services fell back in accordance with their seasonal pattern (‑12.2% after +12.8%). Year on year, prices for information and communication services sped up (+1.6% after +1.3%). They were around 2% above their level in the first quarter of 2021.
In the first quarter of 2023, prices for accommodation and food service activities decelerated again over a quarter (+1.0% after +1.8% and +2.4%), but accelerated over a year (+10.2% after +8.9%), and reached a level around 14% higher than in Q1 2021.
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 | |
|---|---|---|---|---|---|---|
| 2023-Q1 | 122.4 | 112.7 | 102.1 | 116.5 | 109.0 | 112.9 |
| 2022-Q4 | 121.8 | 111.6 | 101.9 | 115.9 | 108.1 | 111.2 |
| 2022-Q3 | 122.4 | 109.6 | 101.1 | 115.4 | 107.0 | 110.4 |
| 2022-Q2 | 120.7 | 107.0 | 101.4 | 114.2 | 106.8 | 109.1 |
| 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: +0.7%
In the first quarter of 2023, producer prices of services sold to households in France rebounded over a quarter (+0.7% after ‑1.2%), notably due to the seasonal rebound of prices for accommodation and food service activities (+1.2% after ‑1.7%) and to the acceleration of those for real estate activities (+0.9% after +0.2%). Prices for information and communication rebounded (+0.7% after ‑1.4%). Those for transportation and storage services were almost unchanged (+0.1% after ‑4.3%). Year on year, producer prices of services sold to households in France sped up slightly in the first quarter of 2023 (+4.7%, after +4.3%) and were 7.3% above their Q1 2021 level.
tableauServices producer price indices: services sold to households in France (BtoC*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2023 Q1 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 111.1 | 0.7 | 4.7 |
| H : transportation and storage services | 160 | 120.2 | 0.1 | 10.7 |
| I : accommodation and food service activities | 284 | 116.2 | 1.2 | 6.0 |
| J : information and communication services | 133 | 101.4 | 0.7 | -0.1 |
| L : real estate activities | 294 | 104.5 | 0.9 | 2.1 |
| M : professional, scientific and technical activities | 78 | 120.6 | 0.5 | 4.2 |
| N : administrative and support service activities | 37 | 105.3 | 0.6 | 6.5 |
- *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: ‑4.1%
In the first quarter of 2023, exported services producer prices went down notably again over a quarter (‑4.1% after ‑6.3%), driven by the new strong fall of those for transportation and storage services (‑12.5% after ‑16.5%). In particular, prices for sea and coastal freight water transport services fell back considerably again (‑22.9% after ‑25.7%), mainly due to a continuing demand running out of steam while fuel costs decreased but remained on a high level. Furthermore, prices for administrative and support service activities fell back (‑0.5% after +0.6%), for the first time after eight quarters of rise in a row. On the contrary, prices for professional, scientific and technical activities were back on the rise (+1.5% after ‑0.1%). At last, prices for information and communication services were almost unchanged (+0.1% after +1.2%). Year on year, exported services producer prices fell back sharply (‑5.4% after ‑0.1%). However they were still around 6.5% above their level in the first quarter of 2021.
tableauServices producer price indices: services sold on foreign markets (BtoE*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2023 Q1 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 113.2 | -4.1 | -5.4 |
| H : transportation and storage services | 279 | 129.4 | -12.5 | -20.8 |
| J : information and communication services | 183 | 96.8 | 0.1 | 1.8 |
| M : professional, scientific and technical activities | 323 | 107.4 | 1.5 | 3.6 |
| N : administrative and support service activities | 205 | 114.6 | -0.5 | 5.8 |
- *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
Revisions
Compared to the previous release, the variation of producer price index for services sold to all markets in the fourth quarter 2022 has been revised upwards by 0.1 points: it now stands at -0.7%.
tableauRevision of variations
| Services producer price indices | 2022 Q2 / 2022 Q1 | 2022 Q3 / 2022 Q2 | 2022 Q4 / 2022 Q3 |
|---|---|---|---|
| services sold to all markets (BtoAll) | +0.1 | -0.1 | +0.1 |
| - services sold to home businesses (BtoB) | // | // | // |
| - services sold to households in France (BtoC) | // | // | +0.1 |
| - 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 all markets between the third quarter of 2022 and the fourth quarter of 2022 has been revised by +0.1 points: published in February 2023 equal to -0.8%, it has been updated to -0.7%.
- Source: INSEE
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 August 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 August 2023 at 12.00 p.m.