10 February 2015
2015- n° 29In December 2014, manufacturing output bounced back (+1.2%) Industrial production index - December 2014
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.
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.
Manufacturing output remained almost stable over the last quarter of 2014 (+0.1%)
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%).
Over the year, industrial production declined
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%).
graphiqueGraphique1a – 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
tableauTableau1a – Variation of the Industrial Production
| NA : A10, (A17) | Dec. / Nov. | Nov. / Oct. | Q-o-Q change (1) | Year on year change (2) |
|---|---|---|---|---|
| BE: INDUSTRY | 1.5 | –0.2 | –0.4 | –1.3 |
| CZ: Manufacturing | 1.2 | –0.5 | 0.1 | –0.5 |
| (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 |
| FZ: CONSTRUCTION | 0.4 | –1.1 | –1.2 | –3.6 |
- (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
tableauTableau2a – Variation of the Industrial Production
| NA : A10, (A17), [A38 ou A64] | Dec. 2014 | Dec. / Nov. | Nov. / Oct. | Quarter on quarter change |
|---|---|---|---|---|
| BE: INDUSTRY | 98.8 | 1.5 | –0.2 | –0.4 |
| CZ: Manufacturing | 99.7 | 1.2 | –0.5 | 0.1 |
| (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 |
| FZ: CONSTRUCTION | 93.2 | 0.4 | –1.1 | –1.2 |
| MIGs (2) | ||||
| Capital goods | 102.7 | 1.6 | –1.1 | –0.6 |
| Intermediate goods | 97.0 | 0.9 | 0.6 | –0.1 |
| Consumer durables | 93.4 | –0.7 | 0.2 | –1.8 |
| Consumer non-durables | 101.3 | 1.2 | –1.3 | 1.2 |
| Energy | 94.2 | 3.0 | 0.7 | –2.5 |
- (1) n.e.c. : not elsewhere classifiable
- (2) Main industrial groupings: definition in Commission regulation EC of June 14th 2007
- Sources: Insee, SSP, SOeS
In December 2014, output increased in mining and quarrying; energy; water supply; waste management (+2.8%)…
In particular, output increased again in electricity, gas, steam and air-conditioning supply (+3.6% after +1.4%).
…in other manufacturing (+0.8%)...
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%).
…in transport equipment (+2.9%)…
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 electrical and electronic equipment; machine equipment (+1.2%)…
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%).
…in food products and beverages (+1.5%)…
Output increased in the manufacture of food products and beverages (+1.5 %), which is mostly due to the manufacture of dairy products and drinks.
…and in coke and refined petroleum products (+3.4%).
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.
Revisions in November
tableauTableau3a – Revisions of changes
| Nov. / Oct. | Oct. / Sept. | Sept. / Aug. | Q3 2014 / Q2 2014 | 2013 / 2012 | |
|---|---|---|---|---|---|
| Industry (BE) | 0.10 | –0.10 | 0.10 | 0.00 | –0.01 |
| raw serie | –0.21 | –0.19 | 0.20 | –0.04 | 0.00 |
| SA-WDA coefficient | 0.31 | 0.09 | –0.10 | 0.04 | –0.01 |
| Manufacturing (CZ) | 0.10 | –0.10 | 0.10 | 0.07 | 0.02 |
| raw serie | –0.21 | –0.19 | 0.00 | –0.03 | 0.00 |
| SA-WDA coefficient | 0.31 | 0.09 | 0.10 | 0.10 | 0.02 |
- 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
Documentation
Methodology (pdf,163 Ko)
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