Note: the changes of the industrial production index in May 2014 are potentially exacerbated by bridging days of May. Indeed, this year, the three public holidays (May 1st, May 8th and ascension) were Thursdays, so there are three possible bridging days, Friday 2nd , 9th and 30 May. These bridging days are usually considered like normal working days for the SA-WDA treatment.
In May 2014, manufacturing output went down dramatically (2.3%), after having been stable in April. Output decreased also in industrial production as a whole (1.7%, after +0.3% in April 2014).
During the last three months (q-o-q), output weakened in the manufacturing sector (0.9%) as well as in industry as a whole (1.0%).
Output declined in the manufacture of electrical and electronic equipment; machine equipment (2.7%) and, in a less sustained pace, in other manufacturing (0.4%), in the manufacture of food products and beverages (1.0%) and in the manufacture of transport equipment (0.9%). On the other hand, output increased in the manufacture of coke and refined petroleum products (+0.5%).
Manufacturing output went down by 0.7% (y-o-y).
Output decreased strongly in the manufacture of electrical and electronic equipment; machine equipment (3.3%), in the manufacture of food products and beverages (2.3%) and, considerably, in the manufacture of coke and refined petroleum products (11.5%). Output declined more slightly in the manufacture of transport equipment (0.4%). On the opposite, output increased mildly in other manufacturing (+0.5%).
Please note: all the series are adjusted for seasonal variations (SA) and the number of working days (WDA).
Monthly Industrial Production Indices
Legend: CZ: Manufacturing - (C1): Manufacture of food products and beverages - (C3): Electrical and electronic equipment; machine equipment - (C4): Manufacture of transport equipment - (C5): Other manufacturing
Sources: Insee, SSP, SOeS
|2010 based, SA-WDA changes in %|
|(1) Last three months / three previous months|
|(2) Last three months / three same months of previous year|
|The codes correspond to the level of aggregation A 10 (A 17) of the "NA" aggregate classification based on NAF rev.2.|
|Sources: INSEE, SSP, SOeS|
|NA : A10, (A17)||May / April||April / March||Q-o-Q change (1)||Year on year change (2)|
|(C1): Manufacture of food products and beverages||1.0||0.7||1.0||2.3|
|(C2): Manufacture of coke and refined petroleum products||8.4||0.2||0.7||11.5|
|(C3): Electrical and electronic equipment; machine equipment||2.9||1.0||2.7||3.3|
|(C4): Manufacture of transport equipment||3.5||0.5||0.9||0.4|
|(C5): Other manufacturing||2.0||0.4||0.4||0.5|
|(DE): Mining and quarrying; energy; water supply; waste management||1.3||1.9||1.2||8.9|
|2010 based, SA-WDA changes in %|
|(1) n.e.c : not elsewhere classifiable|
|(2) Main industrial groupings: definition in Commission regulation EC of June 14th 2007|
|Sources: Insee, SSP, SoeS|
|NA : A10, (A17), [A38 or A64]||May 2014||May / April||April / March||Quarter on quarter change|
|(C1): Man. of food products and beverages||96.6||1.0||0.7||1.0|
|(C2): Man. of coke and refined petroleum products||77.5||8.4||0.2||0.7|
|(C3): Electrical and electronic equipment; machine equipment||96.6||2.9||1.0||2.7|
|[CI] Man. of computer, electronic and optical products||101.3||2.0||1.6||1.6|
|[CJ] Man. of electrical equipment||90.1||4.9||0.3||2.7|
|[CK] Man. of machinery and equipment n.e.c. (1)||97.8||2.4||0.9||3.5|
|(C4): Man. of transport equipment||98.1||3.5||0.5||0.9|
|[CL1] Man. of motor vehicles, trailers and semi-trailers||88.7||0.6||0.4||2.8|
|[CL2] Man. of other transport equipment||108.6||6.1||0.7||0.9|
|(C5): Other manufacturing||97.7||2.0||0.4||0.4|
|[CB] Man. of textiles, wearing apparel, leather and related products||93.5||9.2||8.2||1.4|
|[CC] Man. of wood and paper products; printing and reproduction of recorded media||87.5||1.1||0.8||0.7|
|[CE] Man. of chemicals and chemical products||108.1||2.3||2.4||0.5|
|[CF] Man. of basic pharmaceutical products and pharmaceutical preparations||99.7||0.2||0.2||0.4|
|[CG] Man. of rubber and plastics products, and other non-metallic mineral products||94.8||1.7||0.1||2.0|
|[CH] Man. of basic metals and fabricated metal products, except machinery and equipment||95.9||2.6||0.2||0.3|
|[CM] Other manufacturing; repair and installation of machinery and equipment||102.0||0.8||2.2||0.5|
|(DE): Mining and quarrying; energy; water supply; waste management||94.2||1.3||1.9||1.2|
|[BZ] Mining and quarrying||88.9||8.4||0.4||4.6|
|[DZ] Electricity, gas, steam and air-conditioning supply||92.5||4.9||0.8||1.7|
|[EZ] Water supply; sewerage, waste management and remediation||108.5||12.9||17.7||3.3|
The downturn concerned all products in other manufacturing. Output decreased in the manufacture of basic metals and fabricated metal products, except machinery and equipment products (2.6%) and more dramatically in the manufacture of textiles, wearing apparel, leather and related products (9.2%). It also diminished in the manufacture of chemicals and chemical products (2.3%), in the manufacture of rubber and plastics products, and other non-metallic mineral products (1.7%), in other manufacturing; repair and installation of machinery and equipment (0.8%) and in the manufacture of wood and paper products; printing and reproduction of recorded media. (1.1%).
Output plummeted in the manufacture of electrical equipment (4.9%), in the manufacture of machinery and equipment n.e.c. (2.4%), and in the manufacture of computer, electronic and optical products (2.0%).
Output dipped in the manufacture of other transport equipment (6.1%) and, to a lesser extent, in the manufacture of motor vehicles, trailers and semi-trailers (0.6%).
Output markedly declined in the manufacture of coke and refined petroleum products (8.4%).
|(in point %)|
|Note of reading: in the manufacturing sector, the SA-WDA evolution between March 2014 and April 2014 is revised by -0.30 point: -0.10 is due to the raw serie's revision and -0.20 to the new SA-WDA calculation.|
|Sources: Insee, SSP, SOeS|
|April / March||March / Feb.||Feb. / Jan.||Q1 2014 / Q4 2013||2013 / 2012|
n° 159 - July 10, 2014
Industrial production index - May 2014
Next issue August 8, 2014 08:45 - June 2014
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