Informations Rapides ·
30 November 2023 · n° 309
In Q3 2023, services producer prices rose by 0.4% over a quarter and by 0.9% over
a year Services producer price indices - third quarter 2023
In the third quarter of 2023, producer prices of services rose again over a quarter but on a more moderate pace than in the second quarter (+0.4% after +1.2%). Prices of services sold to home businesses decelerated (+0.3% after +1.1%), as did those of services sold to households in France (+0.6% after +1.7%). Prices sold on foreign markets remained almost unchanged (-0.1%, as in previous quarter).
Over a year, producer prices of services –for all markets– continued to decelerate (+0.9%, after +1.8% in the second quarter of 2023 and +2.9% in the first quarter of 2023). They were 7.1% above their level in the third quarter of 2021.
- All markets: +0.4%
- Services sold to home businesses: +0.3%
- Acceleration of prices for transportation and storage services
- Slowdown of prices for administrative and support service activities and for real estate activities
- Downturn in prices for information and communication services and accommodation and food services
- Virtual stability for professional, scientific and technical activities
- Services sold to households in France: +0.6%
- Services sold on foreign markets: ‑0.1%
- Revisions
- For further information
tableauProducer price indices for all services
| All markets | Home businesses | Households in France | Export | |
|---|---|---|---|---|
| 2023-Q3 | 113.4 | 113.2 | 113.7 | 113.1 |
| 2023-Q2 | 113.0 | 112.9 | 113.0 | 113.2 |
| 2023-Q1 | 111.7 | 111.7 | 111.1 | 113.3 |
| 2022-Q4 | 111.7 | 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: +0.4%
In the third quarter of 2023, producer prices of services rose again over a quarter but on a more moderate pace than in the second quarter (+0.4% after +1.2%). Prices of services sold to home businesses decelerated (+0.3% after +1.1%), as did those of services sold to households in France (+0.6% after +1.7%). Prices sold on foreign markets remained almost unchanged (-0.1%, as in previous quarter).
Over a year, producer prices of services –for all markets– continued to decelerate (+0.9%, after +1.8% in the second quarter of 2023 and +2.9% in the first quarter of 2023). They were 7.1% above their level in the third 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 Q3 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 113.4 | 0.4 | 0.9 |
| H: transportation and storage services | 194 | 125.1 | 1.0 | -5.2 |
| I: accommodation and food service activities | 103 | 120.1 | 0.9 | 4.7 |
| J: information and communication services | 201 | 101.2 | -0.7 | 0.3 |
| L: real estate activities | 136 | 111.3 | 0.3 | 2.2 |
| M: professional, scientific and technical activities | 191 | 111 | 0.3 | 2.7 |
| N: administrative and support service activities | 166 | 114.9 | 0.3 | 4.0 |
- *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 third quarter of 2023, producer prices of services sold to home businesses decelerated over a quarter (+0.3% after +1.1%), as over a year (+2.6% after +3.1%).
tableauServices producer price indices: services sold to home businesses (BtoB*), by section
| French classification of activities – NAF rév. 2 | Weight | Indices | Change in % | |
|---|---|---|---|---|
| 2023 Q3 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 113.2 | 0.3 | 2.6 |
| H: transportation and storage services | 193 | 123.9 | 1.1 | 1.3 |
| I: accommodation and food service activities | 46 | 116.9 | -0.3 | 6.7 |
| J: information and communication services | 233 | 102.1 | -0.5 | 0.9 |
| L: real estate activities | 95 | 118.5 | 0.4 | 2.7 |
| M: professional, scientific and technical activities | 214 | 110.2 | 0.1 | 2.8 |
| N: administrative and support service activities | 211 | 115.5 | 0.4 | 4.6 |
- *BtoB: business to business
- The sector S "Other services" is not displayed due to its low economic weight.
- Source: INSEE
Acceleration of prices for transportation and storage services
In the third quarter of 2023, prices for transportation and storage services sped up over a quarter (+1.1% after +0.1%). In particular, passenger transport prices rose again (+12.7% after +13.6%). Over a year, prices of transportation and storage services slowed down again (+1.3%, after +1.6% in the second quarter of 2023). They were 9.0% above their Q3 2021 level.
Slowdown of prices for administrative and support service activities and for real estate activities
In the third quarter of 2023, prices for administrative and support service activities decelerated over a quarter (+0.4% after +1.5%). Over a year, they also slowed down but remained on a high rise in the third quarter of 2023 (+4.6% after +5.4%). They were 9.4% above their level in the third quarter of 2021.
In the third quarter of 2023, prices for real estate services slowed down over a quarter (+0.4% after +1.3%) due to a slowdown in prices for rental and operating services for owned or leased real estate (+0.4% after +1.7%). Over a year, they slowed down as well (+2.7% after +3.3%). They were 7.3% above their level in the third quarter of 2021.
Downturn in prices for information and communication services and accommodation and food services
In the third quarter of 2023, prices for information and communication services fell back over a quarter (-0.5% after +1.1%) and decelerated over a year (+0.9% after +1.2%). These prices were 2.7% above their Q3 2021 level.
Prices for accommodation and food services fell back slightly over a quarter (-0.3% after +3.9%) due to the downturn of prices for restaurants and mobile food service activities (-0.7% after +1.8%). Over a year, prices for accommodation and food services slowed down but remained up sharply (+6.7% after +9.5%). They were 14.0% above their level in the third quarter of 2021.
Virtual stability for professional, scientific and technical activities
In the third quarter of 2023, prices for professional, scientific and technical activities were almost unchanged over a quarter (+0.1% after +0.9%). Prices for accounting, bookkeeping and auditing services and tax consulting services decelerated (+0.8% after +1.1%). Over a year, prices for professional, scientific and technical activities rose by 2.8% after +3.1%. They were 6.1% above their Q3 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-Q3 | 123.9 | 116.9 | 102.1 | 118.5 | 110.2 | 115.5 |
| 2023-Q2 | 122.6 | 117.2 | 102.6 | 118.0 | 110.1 | 115.0 |
| 2023-Q1 | 122.5 | 112.8 | 101.5 | 116.5 | 109.1 | 113.3 |
| 2022-Q4 | 121.8 | 111.6 | 102.2 | 115.9 | 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: +0.6%
In the third quarter of 2023, producer prices of services sold to households in France decelerated over a quarter (+0.6% after +1.7%), mainly due to the slowdown of prices for transportation and storage services (+3.0% after +5.5%) and of those for accommodation and food services (+1.4% after +2.0%), as well as the downturn for information and communication services (-2.9% after +0.2%). In particular, prices for wireless telecoms services fell sharply (-8.5% after -1.1% in the previous quarter), following the overhaul of the incumbent operators' low-cost offers, new packages providing lower data volumes for less money, more in line with the volumes actually consumed.
Year on year, producer prices of services sold to households in France decelerated in the third quarter of 2023 (+1.9% after +4.0%) and were 6.7% above their level in the third 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 Q3 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 113.7 | 0.6 | 1.9 |
| H: transportation and storage services | 160 | 130.6 | 3.0 | 4.1 |
| I: accommodation and food service activities | 284 | 120.1 | 1.4 | 2.8 |
| J: information and communication services | 133 | 98.5 | -2.9 | -3.4 |
| L: real estate activities | 294 | 105.4 | 0.3 | 1.9 |
| M: professional, scientific and technical activities | 78 | 120.2 | -0.2 | 2.0 |
| N: administrative and support service activities | 37 | 105.8 | -0.2 | 1.3 |
- *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: ‑0.1%
In the third quarter of 2023, producer prices for exported services remained virtually stable (-0.1%, as in the previous quarter) after falling sharply in the first quarter of 2023 (-4.0%) and in the fourth quarter of 2022 (-6.3%). Prices for transportation and storage services fell again (-2.3% after -4.4% in Q2 2023, -12.2% in Q1 2023 and -16.6% in Q4 2022), in particular those for maritime and coastal freight transport services (-9.0% after -13.7%) due to persistently weak demand in the face of rising capacity, and to a lesser extent as a result of lower oil prices. Prices for administrative and support services slowed down (+0.3% after +0.9%), as did those for information and communication services (+0.5% after +0.9%). Lastly, prices for professional, scientific and technical services accelerated (+0.8% after +0.3%).
Year on year, the fall of exported services producer prices intensified again (‑10.2% in the third quarter of 2023 after ‑9.0% in the second and -5.3% in the first). Exported services producer prices were 2.8% below their level of the third 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 Q3 | Q/Q-1 | Q/Q-4 | ||
| All services | 1000 | 113.1 | -0.1 | -10.2 |
| H: transportation and storage services | 279 | 121.5 | -2.3 | -31.5 |
| J: information and communication services | 183 | 98.4 | 0.5 | 2.7 |
| M: professional, scientific and technical activities | 323 | 108.4 | 0.8 | 2.5 |
| N: administrative and support service activities | 205 | 116.1 | 0.3 | 1.3 |
- *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 quarterly variation of producer price index for services sold to all markets in the second quarter 2023 has been revised upwards by 0.1 points: it now stands at +1.2%.
tableauRevision of variations
| Services producer price indices | 2022 Q4 / 2022 Q3 | 2023 Q1 / 2022 Q4 | 2023 Q2 / 2023 Q1 |
|---|---|---|---|
| services sold to all markets (BtoAll) | 0.1 | -0.1 | 0.1 |
| - services sold to home businesses (BtoB) | // | // | 0.2 |
| - 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 home buisnesses between the first quarter of 2023 and the second quarter of 2023 has been revised by 0.1 points: published in August 2023 equal to +1.1%, it has been updated to +1.2%.
- 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: 29 February 2024 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: 29 February 2024 at 12.00 p.m.