Please note: all the series are seasonally (SA) and working-day adjusted (WDA).
The commentary shows variations of subsections by decreasing contribution. The contribution of a subsection depends on the extent of the change and on its weight.
In December 2014, manufacturing output bounced back (+1.2%, after –0.5% in November), as in industrial production as a whole (+1.5% after –0.2% in November). This rebound affected all branches.
Over the last quarter of 2014 , output remained almost stable in the manufacturing sector (+0.1% q-o-q), while it shrank slightly in industry as a whole (–0.4%).
Output declined markedly in mining, quarrying, energy and water supply (–2.9%), in the manufacture of transport equipment (–2.5%) and more moderately in the manufacture of food products and beverages (–0.5%). Conversely, output increased in the manufacture of electrical and electronic equipment; machine equipment (+1.2%), to a lesser extent in other manufacturing (+0.3%), and more strongly in the manufacture of coke and refined petroleum products (+4.2%).
Manufacturing output of the last quarter of 2014 diminished compared to the same quarter of 2013 (–0.5% y-o-y). Overall industrial output decreased more significantly (–1.3% y-o-y).
Output fell sharply in mining, quarrying, energy and water supply (–4.8%), in the manufacture of electrical and electronic equipment; machine equipment (–1.7%), in the manufacture of transport equipment (–1.9%) and in the manufacture of food products and beverages (–1.3%). It remained almost stable in other manufacturing (–0.1%). On the contrary, output soared in the manufacture of coke and refined petroleum products (+14.0%).
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 / previous three months|
|(2) Last three months / same three 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)||Dec. / Nov.||Nov. / Oct.||Q-o-Q change (1)||Year on year change (2)|
|(C1): Manufacture of food products and beverages||1.5||–1.8||–0.5||–1.3|
|(C2): Manufacture of coke and refined petroleum products||3.4||–4.8||4.2||14.0|
|(C3): Electrical and electronic equipment; machine equipment||1.2||1.1||1.2||–1.7|
|(C4): Manufacture of transport equipment||2.9||–3.8||–2.5||–1.9|
|(C5): Other manufacturing||0.8||0.1||0.3||–0.1|
|(DE): Mining and quarrying; energy; water supply; waste management||2.8||1.0||–2.9||–4.8|
|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 ou A64]||Dec. 2014||Dec. / Nov.||Nov. / Oct.||Quarter on quarter change|
|(C1): Man. of food products and beverages||98.9||1.5||–1.8||–0.5|
|(C2): Man. of coke and refined petroleum products||87.7||3.4||–4.8||4.2|
|(C3): Electrical and electronic equipment; machine equipment||101.9||1.2||1.1||1.2|
|[CI] Man. of computer, electronic and optical products||102.4||1.9||–0.4||–0.7|
|[CJ] Man. of electrical equipment||93.7||0.6||2.8||1.9|
|[CK] Man. of machinery and equipment n.e.c. (1)||106.7||1.2||1.1||1.8|
|(C4): Man. of transport equipment||103.7||2.9||–3.8||–2.5|
|[CL1] Man. of motor vehicles, trailers and semi-trailers||90.0||1.0||0.0||–3.1|
|[CL2] Man. of other transport equipment||119.2||4.7||–6.9||–2.0|
|(C5): Other manufacturing||98.9||0.8||0.1||0.3|
|[CB] Man. of textiles, wearing apparel, leather and related products||96.8||3.6||–4.2||–2.4|
|[CC] Man. of wood and paper products; printing and reproduction of recorded media||87.4||2.0||–1.2||–2.6|
|[CE] Man. of chemicals and chemical products||112.4||0.4||1.4||0.0|
|[CF] Man. of basic pharmaceutical products and pharmaceutical preparations||102.8||0.7||1.8||5.9|
|[CG] Man. of rubber and plastics products, and other non-metallic mineral products||93.9||–0.5||0.3||–0.1|
|[CH] Man. of basic metals and fabricated metal products, except machinery and equipment||96.6||0.9||0.4||0.3|
|[CM] Other manufacturing; repair and installation of machinery and equipment||103.5||1.2||–0.5||0.4|
|(DE): Mining and quarrying; energy; water supply; waste management||94.8||2.8||1.0||–2.9|
|[BZ] Mining and quarrying||88.8||–0.9||–0.4||–2.5|
|[DZ] Electricity, gas, steam and air-conditioning supply||93.2||3.6||1.4||–3.4|
|[EZ] Water supply; sewerage, waste management and remediation||108.2||–1.1||–0.2||0.4|
In particular, output increased again in electricity, gas, steam and air-conditioning supply (+3.6% after +1.4%).
Output improved significantly in the manufacture of basic metals and fabricated metal products, except machinery and equipment (+0.9%), in other manufacturing; repair and installation of machinery and equipment (+1.2%), in the manufacture of wood and paper products; printing and reproduction of recorded media (+2.0%) and in the manufacture of textiles, wearing apparel, leather and related products (+3.6%).
Output rose sharply in the manufacture of other transport equipment (+4.7%), in particular in air and spacecraft machinery and railway rolling stock. It increased moderately in the manufacture of motor vehicles, trailers and semi-trailers (+1.0%).
In particular, output rose in the manufature of machinery and equipment n.e.c (+1.2%) and in the manufacture of computer, electronic and optical products (+1.9%).
Output increased in the manufacture of food products and beverages (+1.5 %), which is mostly due to the manufacture of dairy products and drinks.
Output bounced back in the manufacture of coke and refined petroleum products (+3.4%), largely due to the restarting of refinery after several months of maintenance.
|(in point %)|
|How to read it: in the manufacturing sector, the SA-WDA evolution between October 2014 and November 2014 is revised by +0.10 point: –0.21 is due to the raw data revision and +0.31 to the new calculation of the SA-WDA coefficients.|
|Sources: Insee, SSP, SOeS|
|Nov. / Oct.||Oct. / Sept.||Sept. / Aug.||Q3 2014 / Q2 2014||2013 / 2012|
n° 29 - February 10, 2015
Industrial production index - December 2014
Next issue March 10, 2015 08:45 - January 2015
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