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In May 2014, manufacturing output plummeted (–2.3%)

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).

Manufacturing output decreased by 0.9% over the last three months…

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%).

… and declined by 0.7% over the year.

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

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

Variation of the Industrial Production
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)
BE: INDUSTRY –1.7 0.3 –1.0 –2.3
CZ: Manufacturing –2.3 0.0 –0.9 –0.7
(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
FZ: CONSTRUCTION –0.7 –0.3 –2.0 0.7
Variation of the Industrial Production
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
BE: INDUSTRY 96.5 –1.7 0.3 –1.0
CZ: Manufacturing 97.1 –2.3 0.0 –0.9
(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
FZ: CONSTRUCTION 95.1 –0.7 –0.3 –2.0
MIGs (2)
Capital goods 99.5 –1.6 0.3 –1.2
Intermediate goods 94.9 –3.3 0.0 –1.3
Consumer durables 98.2 –2.5 –1.9 0.9
Consumer non-durables 98.5 –1.6 –0.5 –0.2
Energy 92.9 1.1 1.8 –0.9

In May 2014, output went down in other manufacturing (–2.0%)…

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%).

… in the manufacture of electrical and electronic equipment; machine equipment (–2.9%)…

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%).

… and in the manufacture of transport equipment (–3.5%).

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 plummeted in the manufacture of coke and refined petroleum products (–8.4%).

Output markedly declined in the manufacture of coke and refined petroleum products (–8.4%).

Revisions in April

Measure of variations’ revisions
(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
Industry (BE) 0.00 –0.10 0.00 –0.14 0.03
raw serie –0.10 0.11 –0.10 –0.16 0.05
SA-WDA coefficient 0.10 –0.21 0.10 0.02 –0.02
Manufacturing (CZ) –0.30 0.00 0.00 –0.37 0.04
raw serie –0.10 –0.10 0.20 –0.13 0.08
SA-WDA coefficient –0.20 0.10 –0.20 –0.24 –0.04

Informations Rapides

n° 159 - July 10, 2014

Industrial production index - May 2014

Next issue August 8, 2014 08:45 - June 2014

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