Insee
Informations Rapides · 31 October 2024 · n° 273
Informations rapidesIn 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.

Informations rapides
No 273
Paru le :Paru le31/10/2024
Prochaine parution le : 27/06/2025 at 08:45 - April 2025

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%).

Index of services production

Index 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

Index of services production

  • Sources: DGFiP, INSEE

Variation in the services production

2021 based, SA-WDA
Variation in the services production (2021 based, SA-WDA)
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.

Revision of variations

in percentage points
Revision of variations (in percentage points)
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.

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