In February 2014, the turnover in manufacturing industry went up compared to January (+0.9%)Turnover in industry and construction - February 2014

In February 2014, the turnover rose in the manufacturing industry (+0.9%) after a stability in January (+0.1%). Exports grew again (+0.8%). The turnover went up slightly in the industry as a whole (+0.5%).

Every index in this issue is in value, seasonally and working day adjusted. The commentary shows evolutions of subsections by decreasing contributions. The contribution of a subsection depends on the extent of the evolution and on its weight.

In February 2014, the turnover rose in the manufacturing industry (+0.9%) after a stability in January (+0.1%). Exports grew again (+0.8%).

The turnover went up slightly in the industry as a whole (+0.5%).

Increase over the last three months (+0.4%)…

Over the quarter (q-o-q), the turnover improved in the manufacturing industry (+0.4%) as well as in the industry as a whole (+0.6%).

It climbed in the manufacture of food products and beverages (+1.2%). It rose in other manufacturing (+0.4%) thanks to a sharp increase in other manufacturing: repair and installation of machinery and equipment (+2.5%) and in spite of a substantial fall in the manufacture of chemicals and chemical products (–1.1%) and in the manufacture of basic pharmaceutical products and pharmaceutical preparations (–2.9%). It grew in the electrical and electronic equipment; machine equipment (+0.8%). On the other hand, it fell in the manufacture of transport equipments (−0.6%), owed to a decline in the manufacture of other transport equipments (−2.9%). It went down slightly in the manufacture of coke and refined petroleum products (–0.2%).

…and over the last year (+0.8%)

Year-on-year, the turnover rose in the manufacturing industry (+0.8%).

It rocketed in the manufacture of transport equipment (+3.5%). To a lesser extent, it rose in the manufacture of food products and beverages (+0.6%) and in the manufacture of coke and refined petroleum products (+1.2%). It went up slightly in other manufacturing (+0.2%). It levelled off in electrical and electronic equipments; machine equipment (0.0%).

IRgraph3 – Turnover in manufacturing industry

  • Source: INSEE

IRGraph4 – Turnover in manufacturing industry by sector

  • Source: INSEE

IRtab5 – Variation of the turnover in industry and construction

SA-WDA value, Base year 2010
Variation of the turnover in industry and construction
NA : A 10, (A 17) Weight** Feb./ Jan. Jan./ Dec. q-o-q (1) y-o-y (2)
BE : INDUSTRY 10000 0.5 –0.7 0.6 0.6
CZ : MANUFACTURING 8373 0.9 0.1 0.4 0.8
Of which Exports 2731 0.8 1.7 –1.1 –0.3
(C1): Manufacture of food products and beverages 1647 –0.6 1.1 1.2 0.6
(C2): Manufacture of coke and refined petroleum products 478 4.2 5.4 –0.2 1.2
(C3): Electrical and electronic equipment; machine equipment 1005 1.6 –1.4 0.8 0.0
(C4): Manufacture of transport equipment 1428 0.8 –0.5 –0.6 3.5
(C5): Other manufacturing 3815 1.0 –0.6 0.4 0.2
DE: Mining and quarrying; energy; water supply; waste management 1627 –1.7 –4.6 1.7 –0.6
FZ: CONSTRUCTION 10000 1.0 –3.2 0.6 0.9
  • ** 10000=B...E and F
  • (1) Quarter-on-quarter: last three months / three previous months
  • (2) Year-on-year : last three months / three same months of previous year
  • The codes correspond to different levels of aggregation of the NACE classification.
  • Source: INSEE

In February 2014, the turnover recovered in other manufacturing (+1.0%)

In February, the turnover bounced back in other manufacturing (+1.0%, after –0.6% in January). It grew dramatically in other manufacturing: repair and installation of machinery and equipment (+3.2%), and substantially in the manufacture of basic metals and fabricated metal products, except machinery and equipment (+0.8%) and in the manufacture of wood and paper products; printing and reproduction of recorded media (+0.9%).

New surge in coke and refined petroleum (+4.2%)

In February, the turnover took off again in the manufacture of coke and refined petroleum products (+4.2%, after +5.4% in January).

Rebound in equipments (+1.6%)…

The turnover rallied in February in the electrical and electronic equipment; machine equipment (+1.6%) after a fall in January (–1.4%). It jumped in the manufacture of machinery and equipment n.e.c. (+2.0%) and in the manufacture of electrical equipment (+2.5%). Conversely, it declined in the manufacture of computer, electronic and optical products (–0.3%).

…and in transport equipment (+0.8%)

The turnover rose in February in the manufacture of transport equipment (+0.8%) after a fall in January (–0.5%). It picked up in the manufacture of motor vehicles, trailers and semi-trailers (+2.1%) whereas it levelled off in the manufacture of other transport equipment (–0.1%).

Decline in food products and beverages (–0.6%)

The turnover fell slightly in the manufacture of food products and beverages (–0.6%) after a growth over the last two months.

Revisions: +0.1 point in January

In the manufacturing industry, the evolution of the turnover is revised by +0.1 point (+0.1%, instead of 0.0% published previously). The main revision concerned the manufacture of coke and refined petroleum products.

IRtab8 – Indexes of turnover in industry and construction

SA-WDA, based year 2010
Indexes of turnover in industry and construction
Industries: Weight* Feb. 2014 Feb./ Jan. Jan./ Dec. q-o-q (1)
BE: INDUSTRY 10000 110.1 0.5 –0.7 0.6
CZ: MANUFACTURING 8373 110.4 0.9 0.1 0.4
of which Exports 2731 105.6 0.8 1.7 –1.1
(C1): Man. of food products and beverages 1647 114.9 –0.6 1.1 1.2
of which Exports 284 122.4 0.2 3.2 2.7
(C2): Man. of coke and refined petroleum products 478 131.2 4.2 5.4 –0.2
(C3): Electrical and electronic equipment; machine equipment 1005 107.5 1.6 –1.4 0.8
of which Exports 483 104.6 3.7 –0.6 –1.1
[CI] Man. of computer, electronic and optical products 269 100.4 –0.3 –2.0 0.7
[CJ] Man. of electrical equipment 302 103.1 2.5 –1.7 –0.3
[CK] Man. of machinery and equipment n.e.c. 434 115.0 2.0 –0.8 1.7
(C4): Man. of transport equipment 1428 108.6 0.8 –0.5 –0.6
of which Exports 693 96.6 1.0 1.4 –3.7
[CL1] Man. of motor vehicles, trailers and semi-trailers 689 94.0 2.1 –2.7 3.0
[CL2] Man. of other transport equipment 739 122.2 –0.1 1.2 –2.9
(C5): Other manufacturing 3815 107.4 1.0 –0.6 0.4
of which Exports 1213 107.0 0.3 1.7 –0.2
[CB] Man. of textiles, wearing apparel, leather and related products 191 110.2 0.9 –0.5 0.6
[CC] Man. of wood and paper products; printing and reproduction of recorded media 427 102.9 0.9 0.1 0.8
[CE] Man. of chemicals and chemical products 706 108.1 0.3 –0.7 –1.1
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 322 97.9 0.8 –1.9 –2.9
[CG] Man. of rubber and plastics products, and other non-metallic mineral products 620 106.2 0.3 –0.1 1.2
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 900 107.1 0.8 –0.5 0.4
[CM] Other manufacturing; repair and installation of machinery and equipment 649 115.1 3.2 –0.7 2.5
DE: Mining and quarrying; energy, water supply, sewerage, waste management 1627 108.1 –1.7 –4.6 1.7
[BZ] Mining and quarrying 69 107.9 –2.4 0.2 0.3
[DZ] Electricity, gas, steam and air-conditioning supply 1216 109.8 –1.3 –5.7 2.5
[EZ] Water supply; sewerage, waste management and remediation 342 101.7 –3.7 –1.3 –1.3
FZ: CONSTRUCTION 10000 106.0 1.0 –3.2 0.6
  • ** 10000=B...E and F
  • (1) Quarter-on-quarter: last three months / three previous months
  • Source: INSEE

IRtab7 – Measure of variations' revisions

(in point %)
Measure of variations' revisions
Jan./ Dec. Dec./ Nov. Nov./ Oct. Q4 2013/ Q3 2013 2013/ 2012
Industry (BE) –0.27 0.27 0.00 0.09 0.01
raw serie –0.16 0.00 0.00 0.00 0.00
SA-WDA coeff. –0.11 0.27 0.00 0.09 0.01
Manufacturing industry (CZ) 0.09 0.09 0.00 0.15 0.02
raw serie 0.00 0.00 0.00 0.00 0.00
SA-WDA coeff. 0.09 0.09 0.00 0.15 0.02
  • Foot note: in the manufacturing, the SA-WDA evolution between December 2013 and January 2014 is revised by +0.09 point: 0.00 point is due to the raw serie's revision and +0.09 to the new calculation of the SA-WDA.
  • Source : INSEE