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Wednesday, 25 May, 2022
Home BUSINESSProducer prices for services slightly up in Q3
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Tue, 25 Oct, 2016 12:09:55 AM
FTimes Report, Oct 25
 
Producer Price Indices for Services 2010=100, I/2010–III/2016. Source: Producer Price Indices for Services 2016, 3rd quarter. Statistics Finland.
Producer prices for services went up by 0.2 per cent in the third quarter of 2016 from the corresponding quarter of the year before, according to Statistics Finland.  
 
Producer prices for services were pushed up particularly by higher prices of management consulting services and postal activities under universal service obligation from the year before.
 
The increase in the total index was also affected by higher prices of computer programming and related services.
 
The rise was held back by lower prices of freight transport by road, sea and coastal freight water transport and rents of business premises.
 
Compared to the second quarter, producer prices for services remained unchanged, on average, the data show.
 
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.
 

Producer Price Indices for Services 2010=100, 3rd quarter 2016

Industry Point figure Quarterly change,% Annual change,%
TOTAL INDEX 107.1 0.0 0.2
H Transportation and storage 103.7 -0.1 -1.4
I Accommodation and food service activities 114.1 -3.2 2.3
J Information and communication 106.2 -0.2 0.3
L Real estate activities 109.5 0.0 -1.0
M Professional, scientific and technical activities 105.2 0.4 1.2
N Administrative and support service activities 115.7 0.1 0.9
P Education 113.9 0.3 2.5
Q Human health and social work activities 116.2 0.0 2.0
R Arts, entertainment and recreation 116.0 0.6 2.2
S Other service activities 112.5 -0.5 0.3

Source: Producer Price Indices for Services 2016, 3rd quarter. Statistics Finland.

 
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