Informations Rapides ·
31 October 2024 · n° 273
In August 2024, services output sped up sharply (+2.4%) Index of services production - August 2024
In August 2024, output in services sped up significantly: it increased by 2.4% after +0.6% in July.
In August 2024, output in services sped up significantly: it increased by 2.4% after +0.6% in July.
Over a month, output in services increased in all sub-sectors
In August 2024*, output bounced back significantly in arts, entertainment and recreation (+4.0% after ‑1.9%), as well as in professional, scientific and technical activities (+3.9% after ‑0.9%). Output sped up in information-communication (+2.7% after +0.5%) and in real estate activities (+2.9% after remaining stable). It remained on an upward trend in accommodation and food service activities (+0.7% after +0.6%), and slowed down in transportation and storage (+1.6% after +4.2%) and in administrative and support service activities (+0.8% after +1.1%).
tableauIndex of services production
| Business support (MN) | All services (SPI) | Transportation and storage (H) | Accommodation; food service (I) | Information-communication (J) | |
|---|---|---|---|---|---|
| 2024-08 | 117.54 | 121.8 | 116.28 | 156.16 | 123.92 |
| 2024-07 | 114.48 | 118.9 | 114.46 | 155.13 | 120.64 |
| 2024-06 | 114.6 | 118.25 | 109.82 | 154.16 | 120.06 |
| 2024-05 | 115.73 | 120.35 | 111.06 | 155.32 | 123.74 |
| 2024-04 | 117.39 | 121.05 | 115.16 | 154.46 | 122.46 |
| 2024-03 | 111.84 | 116.44 | 106.63 | 154.23 | 119.35 |
| 2024-02 | 114.39 | 118.11 | 107.31 | 155.18 | 119.74 |
| 2024-01 | 114.73 | 118.52 | 111.11 | 151.85 | 119.7 |
| 2023-12 | 114.03 | 118.96 | 116.55 | 154.58 | 119.84 |
| 2023-11 | 112.41 | 116.01 | 108.56 | 151.13 | 116.48 |
| 2023-10 | 112.44 | 116.22 | 107.99 | 152.42 | 118.57 |
| 2023-09 | 112.32 | 116.75 | 107.48 | 152.44 | 119.47 |
| 2023-08 | 112.09 | 116.51 | 107.91 | 151.1 | 118.31 |
| 2023-07 | 111.91 | 116.97 | 108.69 | 151.11 | 122.01 |
| 2023-06 | 112.25 | 117.0 | 108.8 | 154.94 | 118.62 |
| 2023-05 | 113.0 | 116.66 | 110.25 | 151.11 | 116.89 |
| 2023-04 | 109.28 | 114.01 | 106.69 | 150.13 | 113.34 |
| 2023-03 | 112.57 | 116.67 | 111.14 | 147.52 | 115.88 |
| 2023-02 | 110.72 | 115.14 | 109.57 | 149.47 | 115.4 |
| 2023-01 | 110.44 | 114.79 | 111.88 | 149.1 | 113.18 |
| 2022-12 | 110.99 | 114.9 | 109.78 | 149.57 | 114.19 |
| 2022-11 | 110.5 | 114.78 | 112.54 | 148.7 | 112.5 |
| 2022-10 | 109.71 | 114.86 | 112.87 | 147.99 | 113.19 |
| 2022-09 | 112.5 | 115.84 | 114.2 | 148.44 | 111.57 |
| 2022-08 | 109.74 | 114.72 | 111.32 | 148.37 | 113.88 |
| 2022-07 | 107.71 | 113.04 | 110.82 | 145.69 | 111.02 |
| 2022-06 | 108.7 | 113.31 | 112.05 | 146.47 | 108.1 |
| 2022-05 | 106.61 | 110.71 | 109.47 | 147.69 | 104.5 |
| 2022-04 | 107.43 | 110.36 | 107.7 | 143.1 | 106.2 |
| 2022-03 | 107.04 | 110.34 | 108.72 | 136.55 | 106.72 |
| 2022-02 | 107.77 | 109.35 | 108.75 | 131.05 | 105.61 |
| 2022-01 | 103.28 | 105.39 | 104.95 | 117.76 | 104.27 |
| 2021-12 | 105.21 | 107.68 | 105.75 | 129.49 | 105.03 |
| 2021-11 | 105.42 | 108.17 | 107.9 | 133.2 | 104.27 |
| 2021-10 | 104.0 | 105.82 | 102.74 | 132.71 | 100.72 |
| 2021-09 | 101.87 | 105.18 | 99.51 | 129.57 | 102.91 |
| 2021-08 | 98.81 | 102.7 | 100.99 | 130.3 | 100.55 |
| 2021-07 | 101.35 | 103.41 | 99.98 | 130.17 | 100.62 |
| 2021-06 | 98.57 | 100.16 | 100.63 | 112.33 | 99.65 |
| 2021-05 | 96.89 | 93.85 | 94.84 | 74.96 | 97.11 |
| 2021-04 | 98.17 | 93.28 | 98.05 | 53.15 | 99.05 |
| 2021-03 | 98.89 | 94.93 | 98.36 | 58.05 | 97.83 |
| 2021-02 | 95.48 | 92.64 | 96.89 | 58.88 | 95.9 |
| 2021-01 | 95.34 | 92.18 | 94.36 | 57.18 | 96.34 |
graphiqueIndex of services production
- Sources: DGFiP, INSEE
tableauVariation in the services production
| Nace classification | Weight (1) | Aug. 2024 | Change in % | |||
|---|---|---|---|---|---|---|
| July 2024/June 2024 | Aug. 2024/July 2024 | Q/Q-1(2) | Q/ Q-4(3) | |||
| Index of services production | 10,000 | 121.8 | 0.6 | 2.4 | 0.3 | 2.4 |
| H Transportation and storage | 1,506 | 116.3 | 4.2 | 1.6 | 2.3 | 4.7 |
| 49 Land transport… | 596 | 110.0 | 1.3 | 1.4 | -2.2 | 0.2 |
| 50 Water transport | 215 | 150.4 | 21.6 | -3.8 | 19.9 | 26.6 |
| 51 Air transport | 39 | 165.0 | -6.0 | 9.8 | 3.4 | 3.4 |
| 52 Warehousing and support for transportation | 544 | 114.0 | 1.1 | 3.0 | 0.8 | 2.2 |
| 53 Postal and courier activities | 113 | 78.5 | -1.4 | 9.0 | -6.0 | -6.1 |
| I Accommodation and food service activities | 609 | 156.2 | 0.6 | 0.7 | 0.3 | 1.8 |
| 55 Accommodation | 129 | 174.9 | 2.2 | 1.1 | -1.0 | 2.9 |
| 56 Food and beverage service activities | 481 | 151.1 | 0.2 | 0.5 | 0.7 | 1.5 |
| J Information-communication | 1,804 | 123.9 | 0.5 | 2.7 | -0.3 | 1.6 |
| 58 Publishing activities | 244 | 108.8 | -1.0 | 2.8 | 0.5 | -2.2 |
| 59 Motion picture, sound recording, music publishing | 104 | 125.6 | -9.6 | 6.8 | -3.0 | -6.0 |
| 60 Programming and broadcasting activities | 65 | 88.9 | -5.5 | -6.0 | -5.0 | -4.7 |
| 61 Telecommunications | 376 | 123.5 | -1.8 | 4.1 | 1.1 | 2.3 |
| 62 Computer programming... | 877 | 130.4 | 3.5 | 2.5 | -0.7 | 3.0 |
| 63 Information services | 137 | 126.2 | -0.2 | 0.8 | 1.5 | 5.5 |
| L Real estate activities | 915 | 101.6 | 0.0 | 2.9 | -0.6 | 0.2 |
| M+N Business support | 4,500 | 117.5 | -0.1 | 2.7 | 0.5 | 3.1 |
| M Professional, scientific and technical activities | 2,677 | 118.7 | -0.9 | 3.9 | 0.8 | 3.4 |
| 69 Legal and accounting activities | 549 | 112.9 | 1.8 | 4.7 | 1.0 | 4.8 |
| 70 Activities of head offices and management consultancy | 801 | 135.1 | 0.4 | 3.1 | 0.5 | 6.3 |
| 71 Architecture and engineering activities | 530 | 112.6 | -4.8 | 7.9 | -0.3 | 0.4 |
| 72 Scientific research and development | 559 | 107.2 | -2.2 | 2.2 | 1.6 | -0.6 |
| 73 Advertising and market research | 129 | 106.2 | -4.1 | 3.3 | -0.6 | 3.5 |
| 74 Other professional, scientific and technical activities | 80 | 141.9 | 1.2 | -0.2 | 4.0 | 5.2 |
| 75 Veterinary activities | 27 | 101.9 | 5.9 | -2.3 | 2.0 | 10.2 |
| N Administrative and support service activities | 1,823 | 115.8 | 1.1 | 0.8 | 0.1 | 2.6 |
| 77 Rental and leasing activities | 589 | 116.6 | 1.7 | -0.6 | -0.4 | 6.9 |
| 78 Employment activities | 543 | 106.9 | 2.5 | 0.6 | -2.1 | -4.4 |
| 79 Travel agency, tour operator | 13 | 204.0 | -3.6 | 2.3 | -5.5 | -12.5 |
| 80 Security and investigation | 103 | 125.4 | -2.3 | 4.6 | 3.0 | 5.4 |
| 81 Services to building and landscape activities | 262 | 116.0 | 0.4 | 5.0 | 1.7 | 3.6 |
| 82 Other administrative and business support activities | 313 | 122.5 | 0.1 | -0.6 | 2.5 | 6.2 |
| R+S Household services | 667 | 153.6 | -1.5 | 3.4 | -1.8 | -0.2 |
| R Arts, entertainment and recreation | 439 | 173.6 | -1.9 | 4.0 | -2.6 | -0.4 |
| S Other service activities | 228 | 115.2 | -0.6 | 1.6 | 0.3 | 0.3 |
- (1) Weight (10 000 = H…S excepting K, O, P, Q)
- (2) last three months / previous three months
- (3) Year-on-year: last three months / same three months of previous year
- Sources : DGFiP, INSEE
From June to August 2024 output in services was up by 2.4% compared to the same period a year earlier
Cumulated output for the last three months (June to August 2024) was 2.4% higher than that of the same months a year earlier. This increase is primarily driven by professional, scientific and technical activities (+3.4%) and transportation and storage (+4.7%) where water transport were very dynamic (+26.6%). Output also increased year-on-year in administrative and support service activities (+2.6%), information-communication (+1.6%), accommodation and food service activities (+1.8%), and much more modestly in real estate activities (+0.2%). Conversely, it declined slightly in arts, entertainment and recreation (‑0.4%).
Revisions
The monthly change in the services production index in July 2024 has been revised upwards by +0.5 points compared to the previous release and stands now at +0.6% (after rounding). This marked revision is mainly due to the late inclusion of declarations submitted after the due by certain companies during the summer vacations.
tableauRevision of variations
| May 2024/Apr. 2024 | June 2024/May 2024 | July 2024/June 2024 | Q2 2024/Q1 2024 | 2023/2022 | |
|---|---|---|---|---|---|
| Services production | 0.02 | 0.06 | 0.46 | -0.03 | 0.01 |
| Raw series | 0.05 | 0.05 | 0.29 | 0.01 | 0.01 |
| SA-WDA parameters | -0.03 | 0.01 | 0.17 | -0.04 | 0.00 |
- How to read: in the services industries, the SA-WDA percentage change in output between June and July 2024 is revised by +0.46 points : +0.29 points due to the revisions of raw data and +0.17 points due to the update of SA-WDA parameters.
- Sources : DGFiP, INSEE
For Further information
*All data are seasonally and working-day adjusted (SA-WDA)
Next issue: 29 November 2024 at 08:45 am.
Pour en savoir plus
*All data are seasonally and working-day adjusted (SA-WDA)
Next issue: 29 November 2024 at 08:45 am.
Time series: Services production index (base 2021)
Time series: Services turnover index (base 2021)
Insee Méthodes n° 143 - June 2023: turnover in industry and construction, index of services production and sales volume in wholesale and retail trade