Service price indices

Output prices in the service sector: 1st quarter of 2024

Economic indicators
Output prices in the service sector: 1st quarter of 2024

In the first quarter of 2024, output prices in the services sector increased compared to the same quarter of the previous year (4.5%).

The sectors with the largest downward effect are

  • Nace 5110 - Passenger air transport

The sectors with the largest upward effect are

  • Nace 7100- Architectural and engineering activities; technical testing and analysis
  • Nace 6200 - Computer programming, consultancy and related activities
  • Nace 6100 - Telecommunications
Service price indices
Content
  1st quarter 2th quarter 3th quarter 4th quarter Year
Services - Total*
2006 100.6 100.3 101.1 101.0 100.8
2007 101.2 102.2 102.8 104.5 102.7
2008 103.2 105.1 104.7 100.0 103.3
2009 99.0 99.3 99.7 99.6 99.4
2010 99.2 99.9 100.2 100.6 100.0
2011 100.9 100.7 101.8 102.2 101.4
2012 102.2 102.2 102.3 102.7 102.4
2013 102.0 101.8 103.1 103.9 102.7
2014 102.3 101.6 101.9 101.3 101.8
2015 100.6 101.1 101.6 101.4 101.2
2016 101.5 102.2 102.6 103.2 102.4
2017 103.5 103.7 104.0 103.9 103.8
2018 104.1 104.6 105.9 106.4 105.3
2019 106.0 106.6 107.7 107.8 107.1
2020 107.9 107.6 107.7 107.2 107.6
2021 108.2 109.5 110.1 111.2 109.8
2022 112.9 115.0 118.1 118.9 116.2
2023 122.0 122.6 124.3 125.7 123.7
2024 127.6       127.6
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Purpose and brief description

As the sector of services is steadily gaining importance compared to the sector of industry, an output price index for services was added to the European Regulation concerning short-term statistics. This new index will be calculated on a quarterly basis by Statbel.

The output price index for services is currently measuring the change in prices with services companies from such branches as transport, information services and telecommunication. The field will be extended progressively, eventually to cover almost the full economic range of the services sector

Population

Enterprises

Frequency

Quarterly.

Timing publication

Results available 3 months after the reference period

Metadata