In January 2014, the turnover in manufacturing industry remained stable compared to November (0.0%)Turnover in industry and construction - January 2014

In January 2014, the turnover stabilized in the manufacturing industry (0.0%) after a slight decrease in December (−0.2%). Exports rebounded (+1.7%). The turnover went down moderately in the industry as a whole (−0.5%, after +0.6% in December).

This publication is released on the 2 nd of April instead of the 31 st of March as announced because of a delay in the reception of the administrative data used to calculate the indexes.

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 January 2014, the turnover stabilized in the manufacturing industry (0.0%) after a slight decrease in December (−0.2%). Exports rebounded (+1.7%).

The turnover went down moderately in the industry as a whole (−0.5%, after +0.6% in December).

Decline over the last three months (−0.5%)

Over the quarter (q-o-q), the turnover dipped in the manufacturing industry (−0.5%) and went down very slightly in the industry as a whole (−0.2%).

It slided in other manufacturing (−0.5%) because of a substantial decline in the manufacture of basic pharmaceutical products and pharmaceutical preparations (−3.6%). It dropped in the manufacture of coke and refined petroleum products (−2.7%). It fell moderately in the electrical and electronic equipment; machine equipment (−0.5%), and in the manufacture of transport equipments (−0.2%), due to a decline in the manufacture of other transport equipments (−1.2%). It stabilized in the manufacture of food products and beverages (+0.1%).

Growth over the last year (+0.7%)

Year-on-year, the turnover rose in the manufacturing industry (+0.7%).

It surged in the manufacture of transport equipment (+4.7%) and it grew moderately in the manufacture of food products and beverages (+0.8%). Conversely, it declined in the manufacture of coke and refined petroleum products (−1.3%), and fell slightly in the electrical and electronic equipments; machine equipment (−0.4%). It levelled off in other manufacturing (0.0%).

IRgraph3 – Turnover in manufacturing industry

  • Source: INSEE

IRGraph4 – Turnover in manufacturing industry

  • 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** Jan./ Dec. Dec./ Nov. q-o-q (1) y-o-y (2)
BE : INDUSTRY 10000 –0.5 0.6 –0.2 0.6
CZ : MANUFACTURING 8373 0.0 –0.2 –0.5 0.7
Of which Exports 2731 1.7 –1.9 –1.8 –0.4
(C1): Manufacture of food products and beverages 1647 1.5 1.1 0.1 0.8
(C2): Manufacture of coke and refined petroleum products 478 4.7 –4.8 –2.7 –1.3
(C3): Electrical and electronic equipment; machine equipment 1005 –1.4 1.3 –0.5 –0.4
(C4): Manufacture of transport equipment 1428 –0.6 –2.8 –0.2 4.7
(C5): Other manufacturing 3815 –0.6 0.4 –0.5 0.0
DE: Mining and quarrying; energy; water supply; waste management 1627 –2.7 4.9 1.3 –0.3
FZ: CONSTRUCTION 10000 –3.3 2.5 0.3 1.0
  • ** 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 January 2014, the turnover went down in other manufacturing (–0.6%)

In January, the turnover declined moderately in other manufacturing (−0.6%) after a two months in a row rise. It fell mainly in the manufacture of chemicals and chemical products (−1.3%), the manufacture of basic pharmaceutical products and pharmaceutical preparations (−2.3%) and other manufacturing: repair and installation of machinery and equipment (−0.9%).

Fall in the electrical and electronic equipments (−1.4%)…

In January, the turnover decreased significantly in the electrical and electronic equipment; machine equipment (−1.4%) after a rise in December (+1.3%). It fell in the manufacture of computer, electronic and optical products (−1.9%), the manufacture of electrical equipment (−1.8%) and the manufacture of machinery and equipment n.e.c. (−1.1%).

… and in transport equipment (−0.6%)

The turnover went down in January in the manufacture of transport equipment (−0.6%, after −2.8% in December). It plunged in the manufacture of other transport equipment (−2.6%) after a sharp rise in December. Conversely, it bounced back in the manufacture of motor vehicles, trailers and semi-trailers (+1.1%).

Growth in food products and beverages (+1.5%)

The turnover in the manufacture of food products and beverages rose again in January (+1.5%, after +1.1% in December).

Rebound in coke and refined petroleum (+4.7%)

The turnover rallied in the manufacture of coke and refined petroleum products (+4.7%) after a dramatic fall in December (−4.8%).

Revisions

In the manufacturing industry, the evolution of the turnover in December was revised at −0.2%, instead of −0.5% initially published. The main correction concerned the manufacture of other transport equipment.

IRtab8 – Indexes of turnover in industry and construction

SA-WDA, based year 2010
Indexes of turnover in industry and construction
Industries : Weight* Jan. 2014 Jan./ Dec. Dec./ Nov. q-o-q (1)
BE: INDUSTRY 10000 109.5 –0.5 0.6 –0.2
CZ: MANUFACTURING 8373 109.1 0.0 –0.2 –0.5
of which Exports 2731 104.7 1.7 –1.9 –1.8
(C1): Man. of food products and beverages 1647 115.9 1.5 1.1 0.1
of which Exports 284 121.4 2.8 0.8 1.1
(C2): Man. of coke and refined petroleum products 478 124.6 4.7 –4.8 –2.7
(C3): Electrical and electronic equipment; machine equipment 1005 105.4 –1.4 1.3 –0.5
of which Exports 483 100.3 –0.7 –1.5 –2.0
[CI] Man. of computer, electronic and optical products 269 100.8 –1.9 3.1 –0.4
[CJ] Man. of electrical equipment 302 100.0 –1.8 0.1 –1.1
[CK] Man. of machinery and equipment n.e.c. 434 111.9 –1.1 1.3 –0.2
(C4): Man. of transport equipment 1428 107.4 –0.6 –2.8 –0.2
of which Exports 693 95.6 1.3 –2.0 –6.0
[CL1] Man. of motor vehicles, trailers and semi-trailers 689 91.9 –2.6 2.3 1.5
[CL2] Man. of other transport equipment 739 121.9 1.1 –6.3 –1.2
(C5): Other manufacturing 3815 106.0 –0.6 0.4 –0.5
of which Exports 1213 106.6 1.8 –1.9 0.2
[CB] Man. of textiles, wearing apparel, leather and related products 191 109.0 –0.5 0.2 0.4
[CC] Man. of wood and paper products; printing and reproduction of recorded media 427 101.7 0.1 0.3 –1.3
[CE] Man. of chemicals and chemical products 706 106.7 –1.3 –0.2 –1.1
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 322 96.9 –2.3 –0.7 –3.6
[CG] Man. of rubber and plastics products, and other non-metallic mineral products 620 105.9 0.2 1.5 –0.6
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 900 106.3 –0.3 0.4 –0.4
[CM] Other manufacturing; repair and installation of machinery and equipment 649 111.1 –0.9 0.8 1.5
DE: Mining and quarrying; energy, water supply, sewerage, waste management 1627 111.3 –2.7 4.9 1.3
[BZ] Mining and quarrying 69 110.9 0.2 5.5 –2.1
[DZ] Electricity, gas, steam and air-conditioning supply 1216 113.1 –2.9 5.8 1.8
[EZ] Water supply; sewerage, waste management and remediation 342 105.1 –2.4 1.0 0.7
FZ: CONSTRUCTION 10000 104.7 –3.3 2.5 0.3
  • ** 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
Dec./ Nov. Nov./ Oct. Oct./ Sept. Q4 2013/ Q3 2013 2013/ 2012
Industry (BE) 0.82 0.00 0.00 0.33 0.11
raw serie 1.19 0.00 0.00 0.42 0.10
SA-WDA coeff. –0.36 0.00 0.00 –0.08 0.01
Manufacturing industry (CZ) 0.37 0.00 –0.09 0.06 0.06
raw serie 0.63 0.00 0.00 0.22 0.05
SA-WDA coeff. –0.27 0.00 –0.09 –0.16 0.01
  • Foot note: in the industry, the SA-WDA evolution between November and December 2013 is revised by +0.82 point: +1.19 point is due to the raw serie's revision and −0.36 to the new calculation of the SA-WDA.
  • Source: INSEE