Producer prices for services grew by 1.5 per cent year-on-year in April to June

According to Statistics Finland, producer prices for services went up by 1.5 per cent in the second quarter of 2017 from the corresponding quarter of the year before.

Producer Price Indices for Services 2010=100, I/2010–II/2017

Producer prices for services were pushed up particularly by higher prices of business and management consulting services and freight transport by road from one year ago. The increase in the total index was also affected by higher prices of postal activities under universal service obligation, as well as computer programming and related services. The rise was held back by lower prices of, for example, renting of construction and civil engineering machinery and equipment, information services and cargo handling.

Compared to the first quarter, producer prices for services went up by 0.7 per cent.

Producer Price Indices for Services 2010=100, 2nd quarter 2017

Industry	Point figure	Quarterly change,%	Annual change,%
TOTAL INDEX	108.8	0.7	1.5
H Transportation and storage	106.4	0.9	2.6
I Accommodation and food service activities	118.6	1.0	0.7
J Information and communication	107.5	0.5	1.0
L Real estate activities	111.2	0.2	1.6
M Professional, scientific and technical activities	107.0	1.3	2.1
N Administrative and support service activities	115.0	0.0	-0.5
P Education	114.7	0.0	1.0
Q Human health and social work activities	116.7	0.0	0.4
R Arts, entertainment and recreation	117.2	0.1	1.6
S Other service activities	113.6	0.0	0.5

Producer Price Indices for Services describe the price development in business services provided by enterprises to other enterprises and the public sector. The total index currently covers 57 per cent of the market services.

Source: Producer Price Indices for Services 2017, 2nd quarter. Statistics Finland

Inquiries: Susanna Tåg 029 551 2991, Satu Sitkiä-Vikholm 029 551 3424, pthi.tilastokeskus@stat.fi

Director in charge: Ville Vertanen

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Quality descriptions

Quality Description of Producer Price Index for Services (24.7.2017)

Updated 24.07.2017

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices for services [e-publication].
ISSN=1798-3940. 2nd quarter 2017. Helsinki: Statistics Finland [referred: 23.12.2024].
Access method: http://www.stat.fi/til/pthi/2017/02/pthi_2017_02_2017-07-24_tie_001_en.html