Producer price indices for business services in the second quarter of 2020
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In the second quarter of 2020, the producer prices for business services decreased by 0.4% compared to the previous quarter, and in comparison to the second quarter of 2019, they increased by 1.2%
In the second quarter of 2020, the biggest drop of prices was observed in the real estate activities, i.e. by 2.7% compared to the previous quarter and by 0.7% compared to the second quarter of 2019. The prices of rental and leasing activities have also declined noticeably. In comparison to the first quarter of 2020 they went down by 1.1% and in comparison to the second quarter of 2019 by 1.2%. The fall in prices of real estate activities in the second quarter was mainly due to the decrease in rents for tenants of buildings and premises used for retail and service purposes during the COVID-19 pandemic. The lower prices obtained by the companies providing rental and leasing activities were also due to factors linked to the effects of the Covid-19 pandemic, mainly the decrease in demand for renting and leasing of passenger cars, construction machinery and equipment, agricultural machinery and equipment, office machinery and equipment and other machinery and equipment.
