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Published: 18 July 2005

Producer prices for services rose in the 2nd quarter

According to Statistics Finland, producer price indices for services rose in the second quarter of 2005 from the corresponding quarter of the year before in all industries except hotel services. Prices increased most in the year, or by 7.4 per cent, in renting of construction and civil engineering equipment. In courier activities other than national post activities prices went up by 6.8 per cent. Prices increased least in the year in washing and drycleaning of textile and fur products, up by 0.2 per cent, and in legal services, 1.2 per cent. In hotel services, prices fell by 1.5 per cent from the corresponding quarter of the previous year.

Producer price indices for services 2003=100, 2nd quarter 2005 *

Service Industries according to NACE SIC Point figure Annual change,% Quarter-on-Quarter Change, %
5510 Hotels 100,9 -1,5 -3,0
6022 Taxi operation 105,1 3,5 3,5
6024 Freight transport by road 104,3 3,6 1,7
641 Post and courier activities 104,3 1,4 0,6
6412 Courier activities other than national post activities 109,9 6,8 1,3
7132 Renting of construction and civil engineering machinery and equipment 102,2 7,4 1,5
7411 Legal servcives 106,3 1,2 0,3
7412 Accounting, book-keeping and auditing activities; tax consultancy 112,4 5,7 0,9
7413 Market research and public opinion polling 103,2 1,4 0,0
7440 Advertising 107,6 4,5 1,3
7450 Labour recruitment and provision of personnel 105,1 3,3 1,2
7460 Investigation and security activities 110,7 4,1 0,1
9301 Washing and dry-cleaning of textile and fur products 102,7 0,2 -1,5

*Producer price indices for services measure development in the prices of services from the perspective of enterprises.

Point figures of producer price indices for services are initially published for 13 industries but the number of covered industries will be gradually increased up to the year 2006, when an overall index of producer prices for services will also be published. These initially published producer price indices for services are experimental, which means that the point figures for industries given here may remain subject to revision up to the year 2006 as the used calculation method is being developed or possibly adjusted.

Source: Producer price indices for services 2005, 2nd quarter. Statistics Finland

Inquiries: Toni Udd (09) 1734 3380, Sanna Nieminen (09) 1734 3469 pthi.tilastokeskus@tilastokeskus.fi

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Last updated 19.8.2005

Referencing instructions:

Official Statistics of Finland (OSF): Producer price indices for services [e-publication].
ISSN=1798-3940. 2nd quarter 2005. Helsinki: Statistics Finland [referred: 28.3.2024].
Access method: http://www.stat.fi/til/pthi/2005/02/pthi_2005_02_2005-07-18_tie_001_en.html