Services Production index base 2010
Documentation on methodology
The production of services of a company can be approached by the turnover it generates.
It is necessary to deflate (divide) the index of turnover in value by a price index
of production reflecting the evolution of prices of the sector in question in order to
monitor the turnover of the sector at constant prices.
Turover indices in value are produced monthly (available at M + 60 days), whereas
production price indices in services (IPSE) are produced only quarterly (available
at T + 60 days). Quarterly construction of production prices requires a double statistical
treatment for the calculation of a monthly production price index:
• Quarterly price indices should be monthly.
• The date of availability of these indices is 60 days after the end of the quarter
when the index of production is to be published 60 days after the end of the month.
At this date, for some months, the quarterly price indices are not yet available.
Prices must therefore be predicted.
Some sectors do not have a production price index for services. An imputation must
then be used. Other sectors have been covered more recently, so a retropolation is
necessary. The production prices of certain sectors are not collected; In these cases,
a very close price index, the consumer price index (CPI), or a price index of production
in another service appearing as a good proxy, are used.
In particular, for the R and S sectors, which are mainly services sectors for households,
there is none production price index for services. The Consumer Price Index (CPI),
which measures changes in the prices of goods and services consumed by households,
is then used as a deflator. It is measured all taxes included, so it is necessary
to correct the VAT rates to make it duty-free. Indeed, the measurement of a price
index for the production of services sold to households in France, according to the
conventions of the national accounts, must be established at basic prices (unlike
consumer price indices which are priced at market). The base price is the amount the
producer receives from the purchaser per unit of good or service produced, less taxes
on products and increased subsidies on products.
The CPI is used for lack of Production price index for services (IPSE)for the R and
S sectors, but also for accommodation and restaurants and some sub-sectors such as
cinema, theater etc ...
Once the price indexes have been processed via the various statistical methods, a
service sector turnover index and a raw price deflator have been available for each
service sector category since 2005.
The production indices at a fine level are defined as the ratio of the turnover index
in value to the associated price deflator. This is done for the 141 classes in the
service sector.
Once the indices at the finest level of nomenclature are calculated, the indices for
higher levels are obtained by aggregating .
Indices for the broader sectors are calculated as Laspeyres indices (with constant
weightings over time) from the most detailed indices. They are rebased every 5 years;
indices currently published use base 2010, i.e. the weightings of the different levels
correspond to values calculated for the year 2010. They are also published with a
reference of 100 in 2010, i.e. the indices have a mean of 100 in 2010.
The constant weightings of the basic indices are the values ??added per branch at
basic prices. The basic price is the amount the producer receives from the purchaser
per unit of good or service produced, less taxes on products and increased subsidies
on products. The base price excludes freight charges invoiced separately. The weights
were calculated from national accounts data.
The series are corrected for seasonal adjustments (SA) and calendar effects (working
day adjustments WDA). An estimate of these effects is produced with the X12-Arima
software in JDemetra+ (supplied by Eurostat) at the classes level of NAF rev. 2. This
correction is made at the level of the "volume" ratio, ie raw turnover index in value
/ raw price index. SA-WDA indices for higher levels are obtained by aggregating the
SA-WDA indices of the classes that make up the level.
The annual mean of the SA-WDA indices can slightly differ from that of the raw indices
because it takes into account variations from one year to the next in the annual composition
in working days: presence of leap years, position in the week of various public holidays,
and so on.