Informations Rapides ·
31 July 2024 · n° 192Downturn in services output in May 2024 (‑0.3%) Index of services production - May 2024
In May 2024, output in services decreased over a month (‑0.3%), after a sharp increase in April 2024 (+3.6%).
In May 2024, output in services decreased over a month (‑0.3%), after a sharp increase in April 2024 (+3.6%).
Over a month, output went down slightly in particular due to transportation and storage
In May 2024*, output fell sharply in transportation and storage (‑4.3% after +5.6%), where all sub-sectors were in decline, and more moderately in administrative and support service activities (‑1.2% after +2.8%), and professional, scientific and technical activities (‑0.5% after +6.5%). On the contrary, it sped up in the arts, entertainment and recreation (+5.5% after +2.2%), and slowed down in information-communication (+1.0% after +2.4%) and real estate activities (+0.4% after +0.9%). It remained on an upward trend in accommodation and food service activities (+0.8% after +0.1%).
*All data are seasonally and working-day adjusted (SA-WDA).
tableauIndex of services production
Business support (MN) | All services (SPI) | Transportation and storage (H) | Accommodation; food service (I) | Information-communication (J) | |
---|---|---|---|---|---|
2024-05 | 116.45 | 120.41 | 108.33 | 154.88 | 123.86 |
2024-04 | 117.36 | 120.82 | 113.2 | 153.68 | 122.67 |
2024-03 | 111.78 | 116.6 | 107.17 | 153.58 | 119.78 |
2024-02 | 114.55 | 118.2 | 106.8 | 154.99 | 120.22 |
2024-01 | 114.43 | 118.46 | 111.21 | 152.81 | 119.57 |
2023-12 | 114.0 | 118.92 | 116.51 | 153.8 | 119.92 |
2023-11 | 112.35 | 115.91 | 108.1 | 151.03 | 116.53 |
2023-10 | 112.35 | 116.25 | 108.28 | 152.07 | 118.6 |
2023-09 | 112.53 | 116.82 | 107.41 | 152.6 | 119.06 |
2023-08 | 112.46 | 116.98 | 108.96 | 151.29 | 118.97 |
2023-07 | 111.28 | 116.09 | 107.59 | 150.47 | 120.49 |
2023-06 | 112.41 | 116.76 | 108.11 | 154.2 | 117.87 |
2023-05 | 112.73 | 116.86 | 111.23 | 151.3 | 117.34 |
2023-04 | 109.14 | 114.05 | 106.74 | 149.87 | 113.73 |
2023-03 | 112.39 | 116.74 | 111.61 | 147.43 | 116.3 |
2023-02 | 110.73 | 115.06 | 108.96 | 149.4 | 115.52 |
2023-01 | 110.77 | 115.03 | 111.86 | 149.84 | 113.4 |
2022-12 | 110.95 | 114.91 | 109.87 | 149.29 | 114.23 |
2022-11 | 110.47 | 114.65 | 112.05 | 148.63 | 112.38 |
2022-10 | 109.78 | 114.94 | 113.02 | 147.63 | 113.36 |
2022-09 | 112.47 | 115.81 | 114.16 | 148.7 | 111.24 |
2022-08 | 110.25 | 115.13 | 112.11 | 148.36 | 114.23 |
2022-07 | 107.23 | 112.51 | 110.35 | 145.36 | 110.12 |
2022-06 | 108.73 | 113.07 | 111.47 | 145.98 | 107.69 |
2022-05 | 106.34 | 110.77 | 110.14 | 147.85 | 104.85 |
2022-04 | 107.4 | 110.41 | 107.84 | 143.03 | 106.41 |
2022-03 | 106.93 | 110.39 | 109.02 | 136.54 | 106.95 |
2022-02 | 107.84 | 109.32 | 108.29 | 131.07 | 105.63 |
2022-01 | 103.49 | 105.53 | 104.9 | 118.0 | 104.42 |
2021-12 | 105.16 | 107.64 | 105.75 | 129.56 | 104.91 |
2021-11 | 105.43 | 108.14 | 107.74 | 133.23 | 104.13 |
2021-10 | 104.1 | 105.92 | 102.85 | 132.58 | 100.96 |
2021-09 | 101.81 | 105.14 | 99.54 | 129.7 | 102.7 |
2021-08 | 99.08 | 102.89 | 101.29 | 130.28 | 100.69 |
2021-07 | 101.12 | 103.22 | 99.71 | 130.14 | 100.42 |
2021-06 | 98.55 | 100.01 | 100.32 | 112.22 | 99.32 |
2021-05 | 96.8 | 93.92 | 95.1 | 74.94 | 97.5 |
2021-04 | 98.09 | 93.26 | 98.13 | 53.19 | 99.14 |
2021-03 | 98.83 | 94.93 | 98.51 | 58.04 | 97.79 |
2021-02 | 95.55 | 92.64 | 96.65 | 58.91 | 95.95 |
2021-01 | 95.49 | 92.29 | 94.41 | 57.21 | 96.46 |
graphiqueIndex of services production
tableauVariation in the services production
Nace classification | Weight (1) | May 2024 | Change in % | |||
---|---|---|---|---|---|---|
Apr. 2024/Mar. 2024 | May 2024/Apr. 2024 | Q/Q-1(2) | Q/ Q-4(3) | |||
Index of services production | 10,000 | 120.4 | 3.6 | -0.3 | 0.6 | 2.9 |
H Transportation and storage | 1,506 | 108.3 | 5.6 | -4.3 | -1.7 | -0.3 |
49 Land transport… | 596 | 113.0 | 6.1 | -1.6 | 1.8 | 2.1 |
50 Water transport | 215 | 101.1 | 14.2 | -14.5 | -17.8 | -11.1 |
51 Air transport | 39 | 146.7 | -1.9 | -1.7 | -1.0 | 3.7 |
52 Warehousing and support for transportation | 544 | 109.6 | 3.0 | -3.3 | 1.4 | 2.1 |
53 Postal and courier activities | 113 | 77.7 | 2.9 | -4.4 | 1.7 | -4.1 |
I Accommodation and food service activities | 609 | 154.9 | 0.1 | 0.8 | 0.1 | 3.0 |
55 Accommodation | 129 | 173.9 | -1.6 | 0.9 | -0.2 | 4.6 |
56 Food and beverage service activities | 481 | 149.8 | 0.6 | 0.7 | 0.2 | 2.5 |
J Information-communication | 1,804 | 123.9 | 2.4 | 1.0 | 1.8 | 5.4 |
58 Publishing activities | 244 | 110.0 | 2.4 | 2.2 | -1.1 | 5.0 |
59 Motion picture, sound recording, music publishing | 104 | 133.3 | 0.8 | 3.5 | 1.8 | 1.0 |
60 Programming and broadcasting activities | 65 | 104.3 | 2.9 | 5.6 | 1.0 | -3.4 |
61 Telecommunications | 376 | 120.3 | 3.9 | -0.6 | 2.2 | 5.2 |
62 Computer programming... | 877 | 129.0 | 2.3 | 0.5 | 2.8 | 6.6 |
63 Information services | 137 | 127.3 | 0.3 | 3.1 | -0.3 | 6.8 |
L Real estate activities | 915 | 101.0 | 0.9 | 0.4 | 0.3 | -1.6 |
M+N Business support | 4,500 | 116.5 | 5.0 | -0.8 | 0.8 | 3.4 |
M Professional, scientific and technical activities | 2,677 | 117.7 | 6.5 | -0.5 | 1.0 | 3.7 |
69 Legal and accounting activities | 549 | 109.0 | 4.6 | -0.7 | 0.6 | 4.0 |
70 Activities of head offices and management consultancy | 801 | 135.0 | 3.7 | 1.9 | 1.8 | 7.7 |
71 Architecture and engineering activities | 530 | 110.7 | 8.2 | -2.1 | 0.5 | 1.1 |
72 Scientific research and development | 559 | 108.5 | 13.4 | -2.5 | 0.7 | -0.8 |
73 Advertising and market research | 129 | 106.6 | 3.3 | -1.0 | -0.8 | 3.2 |
74 Other professional, scientific and technical activities | 80 | 138.0 | 5.2 | -2.3 | 1.4 | 5.7 |
75 Veterinary activities | 27 | 99.6 | 1.7 | 0.0 | 2.8 | 8.2 |
N Administrative and support service activities | 1,823 | 114.7 | 2.8 | -1.2 | 0.4 | 2.9 |
77 Rental and leasing activities | 589 | 114.9 | 0.9 | -2.2 | 1.6 | 7.2 |
78 Employment activities | 543 | 109.7 | 4.1 | -0.4 | -0.2 | -2.2 |
79 Travel agency, tour operator | 13 | 218.2 | 1.4 | -0.9 | -7.8 | -4.3 |
80 Security and investigation | 103 | 118.5 | 2.9 | -1.5 | 0.5 | 3.0 |
81 Services to building and landscape activities | 262 | 110.1 | 6.5 | -3.1 | -0.7 | 2.3 |
82 Other administrative and business support activities | 313 | 121.3 | 1.5 | 1.1 | 0.8 | 4.6 |
R+S Household services | 667 | 160.3 | 1.9 | 4.0 | 2.2 | 4.8 |
R Arts, entertainment and recreation | 439 | 184.4 | 2.2 | 5.5 | 3.0 | 6.2 |
S Other personal services | 228 | 113.9 | 1.1 | -0.6 | -0.2 | 0.8 |
- (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
Over a year, output in services was up by 2.9%
Output for the last three months (March to May 2024) was 2.9% higher than the same period a year earlier. It increased in professional, scientific and technical activities (+3.7%), information-communication (+5.4%), administrative and support service activities (+2.9%), arts, entertainment and recreation (+6.2%) and accommodation and food service activities (+3.0%). On the contrary, it dropped in real estate activities (‑1.6%) and more moderately in transportation and storage (‑0.3%).
Revisions
The monthly change in the services production index in April 2024 is unchanged (after rounding) at +3.6%, compared to the previous release.
tableauRevision of variations
Feb. 2024/Jan. 2024 | Mar. 2024/Feb. 2024 | Apr. 2024/Mar. 2024 | Q1 2024/Q4 2023 | 2023/2022 | |
---|---|---|---|---|---|
Services production | -0.04 | 0.04 | 0.03 | 0.12 | 0.01 |
Raw series | -0.10 | 0.17 | 0.07 | 0.01 | 0.02 |
SA-WDA parameters | 0.06 | -0.13 | -0.04 | 0.11 | -0.01 |
- How to read: in the services industries, the SA-WDA percentage change in output between March and April 2024 is revised by +0.03 points : +0.07 points due to the revisions of raw data and -0.04 points due to the update of SA-WDA parameters.
- Sources : DGFiP, INSEE
For Further information
Next issue: 30 August 2024 at 08:45 am.
Pour en savoir plus
Next issue: 30 August 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