Informations Rapides ·
31 August 2023 · n° 223
In Q2 2023, services producer prices rose by 1.1% over a quarter and by 1.7% over
a year Services producer price indices - second quarter 2023
In the second quarter of 2023, producer prices of services rose over a quarter by 1.1% (after +0.1%). Prices of services sold to home businesses accelerated (+0.9% after +0.6%), as did those of services sold to households in France (+1.7% after +0.7%). On the other hand, prices sold on foreign markets fell slightly after two quarters of strong decline (‑0.2%, after ‑4.0% in the first quarter of 2023 and ‑6.3% in the fourth quarter of 2022).
Over a year, producer prices of services –for all markets– continued to decelerate (+1.7%, after +2.9% in the first quarter of 2023 and +3.6% in the fourth quarter of 2022). They were 7.0% above their level in the second quarter of 2021.
- All markets: +1.1%
- Services sold to home businesses: +0.9%
- Rise of prices for administrative and support service activities and for professional, scientific and technical activities
- Acceleration of prices for accommodation and food service activities and for real estate activities
- Rebound of prices for information and communication services
- Virtual stability of prices for transportation and storage services
- Services sold to households in France: +1.7%
- Services sold on foreign markets: ‑0.2%
- Revisions
- For further information
tableauProducer price indices for all services
| All markets | Home businesses | Households in France | Export | |
|---|---|---|---|---|
| 2023-Q2 | 112.9 | 112.7 | 113.0 | 113.1 |
| 2023-Q1 | 111.7 | 111.7 | 111.1 | 113.3 |
| 2022-Q4 | 111.6 | 111.0 | 110.3 | 118.0 |
| 2022-Q3 | 112.4 | 110.3 | 111.6 | 125.9 |
| 2022-Q2 | 111.0 | 109.5 | 108.7 | 124.4 |
| 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: +1.1%
In the second quarter of 2023, producer prices of services rose over a quarter by 1.1% (after +0.1%). Prices of services sold to home businesses accelerated (+0.9% after +0.6%), as did those of services sold to households in France (+1.7% after +0.7%). On the other hand, prices sold on foreign markets fell slightly after two quarters of strong decline (‑0.2%, after ‑4.0% in the first quarter of 2023 and ‑6.3% in the fourth quarter of 2022).
Over a year, producer prices of services –for all markets– continued to decelerate (+1.7%, after +2.9% in the first quarter of 2023 and +3.6% in the fourth quarter of 2022). They were 7.0% above their level in the second 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 Q2 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 112.9 | 1.1 | 1.7 |
| H: transportation and storage services | 194 | 123.9 | 0.5 | -3.9 |
| I: accommodation and food service activities | 103 | 118.8 | 3.2 | 7.6 |
| J: information and communication services | 201 | 101.6 | 0.5 | 0.6 |
| L: real estate activities | 136 | 110.9 | 0.9 | 2.6 |
| M: professional, scientific and technical activities | 191 | 110.7 | 0.6 | 3.0 |
| N: administrative and support service activities | 166 | 114.4 | 1.4 | 4.9 |
- *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: +0.9%
In the second quarter of 2023, producer prices of services sold to home businesses sped up over a quarter (+0.9% after +0.6%), but decelerated over a year (+2.9% after +3.9%).
tableauServices producer price indices: services sold to home businesses (BtoB*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2023 Q2 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 112.7 | 0.9 | 2.9 |
| H: transportation and storage services | 193 | 122.5 | 0.1 | 1.5 |
| I: accommodation and food service activities | 46 | 117.1 | 3.8 | 9.4 |
| J: information and communication services | 233 | 102.1 | 0.5 | 0.7 |
| L: real estate activities | 95 | 117.9 | 1.4 | 3.2 |
| M: professional, scientific and technical activities | 214 | 110.1 | 0.9 | 3.1 |
| N: administrative and support service activities | 211 | 115.0 | 1.6 | 5.4 |
- *BtoB: business to business
- The sector S "Other services" is not displayed due to its low economic weight.
- Source: INSEE
Rise of prices for administrative and support service activities and for professional, scientific and technical activities
In the second quarter of 2023, prices for administrative and support service activities rose by 1.6% over a quarter (as in the previous quarter). Prices for employment services accelerated sharply (+2.7% after +0.9%), while those for rental and leasing services slowed down (+0.8% after +2.5%). Year on year, prices for administrative and support service activities went up sharply again in the second quarter of 2023 (+5.4% after +5.6%). They were 9.4% above their level in the second quarter of 2021.
In the second quarter of 2023, prices for professional, scientific and technical activities rose by 0.9% over a quarter (after +0.8%). Prices for media representation services rebounded in accordance with their seasonal pattern (+12.2% after ‑14.9%), while those for engineering services and related technical consulting services decelerated (+1.1% after +1.9%). Year on year, prices for professional, scientific and technical activities went up by 3.1% (after +3.3%). They were 5.8% above their Q2 2021 level.
Acceleration of prices for accommodation and food service activities and for real estate activities
In the second quarter of 2023, prices for accommodation and food service activities accelerated over a quarter (+3.8% after +1.1%), mainly held up by the marked seasonal rebound of prices for hotel and similar accommodation services (+9.5% after ‑1.6%). Year on year, prices for accommodation and food service activities remained on a high rise (+9.4% after +10.3%). They reached a level 17.1% higher than in Q2 2021.
In the second quarter of 2023, prices for real estate activities sped up over a quarter (+1.4% after +0.5%), as over a year (+3.2% after +2.7%). These prices were 6.7% above their level in the second quarter of 2021.
Rebound of prices for information and communication services
In the second quarter of 2023, prices for information and communication services rebounded over a quarter (+0.5% after ‑0.4%), notably due to the seasonal rebound of those for web portal content (+10.9% after ‑6.0%) and to a further rise of prices for computer programming services (+0.8%, as in the previous quarter). Year on year, prices for information and communication services slowed down (+0.7% after +1.1%). They were 1.8% above their level in the second quarter of 2021.
Virtual stability of prices for transportation and storage services
In the second quarter of 2023, prices for transportation and storage services were almost unchanged over a quarter (+0.1% after +0.6%) and decelerated again over a year (+1.5%, after +4.9% in the first quarter of 2023 and +6.2% in the fourth quarter of 2022). These prices were 10.9% above their Q2 2021 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 | |
|---|---|---|---|---|---|---|
| 2023-Q2 | 122.5 | 117.1 | 102.1 | 117.9 | 110.1 | 115.0 |
| 2023-Q1 | 122.4 | 112.8 | 101.6 | 116.3 | 109.1 | 113.2 |
| 2022-Q4 | 121.7 | 111.6 | 102.0 | 115.7 | 108.2 | 111.4 |
| 2022-Q3 | 122.3 | 109.6 | 101.2 | 115.4 | 107.2 | 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: +1.7%
In the second quarter of 2023, producer prices of services sold to households in France rose again over a quarter (+1.7% after +0.7%), mainly due to the acceleration of prices for transportation and storage services (+5.5% after +0.1%) and for accommodation and food service activities (+2.0% after +1.2%). Prices for real estate activities rose by 0.7% (after +0.8%). Those for administrative and support service activities rebounded (+1.6% after ‑0.2%). Prices for information and communication services were almost unchanged (‑0.1% after +0.5%), as were those for professional, scientific and technical activities (‑0.1% after +0.5%).
Year on year, producer prices of services sold to households in France decelerated in the second quarter of 2023 (+4.0% after +4.7%) and were 8.3% above their level in the second quarter of 2021.
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 Q2 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 113.0 | 1.7 | 4.0 |
| H: transportation and storage services | 160 | 126.8 | 5.5 | 7.3 |
| I: accommodation and food service activities | 284 | 118.5 | 2.0 | 6.0 |
| J: information and communication services | 133 | 101.1 | -0.1 | -0.9 |
| L: real estate activities | 294 | 105.2 | 0.7 | 2.2 |
| M: professional, scientific and technical activities | 78 | 120.4 | -0.1 | 3.3 |
| N: administrative and support service activities | 37 | 106.1 | 1.6 | 3.4 |
- *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: ‑0.2%
In the second quarter of 2023, exported services producer prices went slightly down after two quarters of strong decline (‑0.2%, after ‑4.0% in the first quarter of 2023 and ‑6.3% in the fourth quarter of 2022). Prices for transportation and storage services went down again (‑4.2%, after ‑12.2% and ‑16.6%), in particular those for sea and coastal freight water transport services (‑13.4%, after ‑22.2% and ‑26.1%) due to low demand combined to increasing capacities, and to a lesser extent, due to the fall in oil prices. On the other hand, prices for information and communication services (+1.3% after ‑0.3%) and those for administrative and support service activities rebounded (+0.9% after ‑0.5%). At last, prices for professional, scientific and technical activities were stable (0.0% after +1.6%).
Year on year, exported services producer prices fell back markedly (‑9.1% after ‑5.3%). However, they were still 2.8% above their level in the second 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 Q2 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 113.1 | -0.2 | -9.1 |
| H: transportation and storage services | 279 | 124.4 | -4.2 | -28.7 |
| J: information and communication services | 183 | 98.0 | 1.3 | 1.3 |
| M: professional, scientific and technical activities | 323 | 107.4 | 0.0 | 2.5 |
| N: administrative and support service activities | 205 | 115.7 | 0.9 | 3.0 |
- *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 first quarter 2023 has been revised downwards by 0.1 points: it now stands at +0.1%.
tableauRevision of variations
| Services producer price indices | 2022 Q3 / 2022 Q2 | 2022 Q4 / 2022 Q3 | 2023 Q1 / 2022 Q4 |
|---|---|---|---|
| services sold to all markets (BtoAll) | // | // | -0.1 |
| - services sold to home businesses (BtoB) | // | +0.1 | -0.1 |
| - services sold to households in France (BtoC) | // | // | // |
| - exported services (BtoE) | // | // | +0.1 |
- //: unrevised evolution (after rounding)
- How to read it: the variation of the producer prices of services sold to all markets between the fourth quarter of 2022 and the first quarter of 2023 has been revised by -0.1 points: published in May 2023 equal to +0.7%, it has been updated to +0.6%.
- 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: 30 November 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: 30 November 2023 at 12.00 p.m.