In February 2015, the turnover grew in the manufacturing industry (+1.4%)Turnover in industry and construction - February 2015

In February 2015, the turnover went up in the manufacturing industry (+1.4%) after a decline in January (–1.0%). Exports rebounded sharply (+7.8%). In the industry as a whole, the turnover also rose (+0.9%).

Informations rapides
No 103
Paru le : 28/04/2015
Prochaine parution le : 29/09/2017 at 12:00 - July 2017

Every index in this issue is in value (tax excluded), seasonally and working day adjusted. 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 February 2015, the turnover went up in the manufacturing industry (+1.4%) after a decline in January (–1.0%). Exports rebounded sharply (+7.8%). In the industry as a whole, the turnover also rose (+0.9%).

Slight decline over the last three months (–0.3%)

Over the last three months, the turnover went down slightly in the manufacturing industry (–0.3% q-o-q) as well as in the industry as a whole (–0.4%). However, manufacturing exports rose over the period (+0.4%).

The turnover dipped sharply in the manufacture of coke and refined petroleum products (–11.4%). It also declined in the manufacture of food products and beverages (–0.5%). On the other hand, it climbed in the manufacture of transport equipment (+1.9%), mainly in the manufacture of motor vehicles, trailers and semi-trailers (+3.6%), and in the electrical and electronic equipment; machine equipment (+0.7%). It levelled off in other manufacturing (0.0%), with a fall in the manufacture of chemicals and chemical products (–1.7%) and a rise in the manufacture of basic pharmaceutical products and pharmaceutical preparations (+2.3%) in particular.

Sharper fall compared to last year (–1.0%)

The turnover in the manufacturing industry declined over the last three months, compared to the same three months of year before (–1.0%).

Over this period, the turnover plummeted dramatically in the manufacture of coke and refined petroleum products (–18.5%). It declined in other manufacturing (–1.0%), in the electrical and electronic equipment; machine equipment (–1.5%) and in the manufacture of food products and beverages (–0.5%). Conversely, it grew sharply in the manufacture of transport equipment (+5.4%).

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
Change in %
NA : A 10, (A 17) Weight** Feb./ Jan. Jan./ Dec. q-o-q (1) y-o-y (2)
BE: INDUSTRY 10000 0,9 –0,7 –0,4 –1,2
CZ: MANUFACTURING INDUSTRY 8373 1,4 –1,0 –0,3 –1,0
Of which Exports 2731 7,8 –4,2 0,4 3,2
(C1): Manufacture of food products and beverages 1647 0,7 –0,3 –0,5 –0,5
(C2): Manufacture of coke and refined petroleum products 478 7,3 –10,2 –11,4 –18,5
(C3): Electrical and electronic equipment; machine equipment 1005 –1,4 0,9 0,7 –1,5
(C4): Manufacture of transport equipment 1428 7,3 –1,9 1,9 5,4
(C5): Other manufacturing 3815 –0,5 –0,4 0,0 –1,0
DE: Mining and quarrying; energy; water supply; waste management 1627 –1,8 0,6 –0,5 –2,0
FZ: CONSTRUCTION 10000 0,3 2,3 0,4 3,2
  • ** 10000=B...E and F
  • (1) Quarter-on-quarter: last three months / previous three months
  • (2) Year-on-year : last three months / same three months of previous year
  • The codes correspond to different levels of aggregation of the NACE classification.
  • Source: INSEE

Sharp rebound in transport equipment (+7.3%)…

The turnover bounced back strongly in February in the manufacture of transport equipment (+7.3%, after –1.9% in January), owed to a striking recovery in exports (+34.3% after –17.5%). It picked up very sharply in the manufacture of other transport equipment (+13.7%, after –5.6%) but it fell in the manufacture of motor vehicles, trailers and semi-trailers (–1.5%, after +3.9%).

…and in coke and refined petroleum products (+7.3%)

In February, the turnover recovered in the manufacture of coke and refined petroleum products (+7.3%) after a decline for two months in a row.

Growth in food products and beverages (+0.7%)

The turnover went up in February in the manufacture of food products and beverages (+0.7%) after a slight fall in January (–0.3%).

New decrease in other manufacturing (–0.5%)

In February, the turnover went down once more in other manufacturing (–0.5%, after –0.4% in January). It fell mainly in the manufacture of rubber and plastic products, and other non-metallic mineral products (–1.3%), in the manufacture of textiles, wearing apparel, leather and related products (–2.3%), and in the manufacture of basic metals and fabricated metal products (–0.4%).

Decline in equipments (–1.4%)

The turnover dropped in February in the electrical and electronic equipment; machine equipment (–1.4%) after a rise for three months in a row. It dipped in the manufacture of machinery and equipment n.e.c. (–2.6%) and in the manufacture of computer, electronic and optical products (–2.2%). Conversely, it grew in the manufacture of electrical equipment (+1.6%).

Revisions: –0.1 point in January in the manufacturing industry

In the manufacturing industry, the variation of the turnover in January is revised downwards, at –1.0% instead of –0.9% published previously. The variation in the industry as a whole is confirmed at –0.7%.

IRtab8 – Indexes of turnover in industry and construction

SA-WDA, based year 2010
Indexes of turnover in industry and construction
Change in %
Industries: Weight* Feb. 2015 Feb./ Jan. Jan./ Dec. q-o-q (1)
BE: INDUSTRY 10000 109,1 0,9 –0,7 –0,4
CZ: MANUFACTURING INDUSTRY 8373 109,4 1,4 –1,0 –0,3
of which Exports 2731 111,0 7,8 –4,2 0,4
(C1): Man. of food products and beverages 1647 115,1 0,7 –0,3 –0,5
of which Exports 284 120,0 0,2 –1,2 –1,9
(C2): Man. of coke and refined petroleum products 478 103,9 7,3 –10,2 –11,4
(C3): Electrical and electronic equipment; machine equipment 1005 104,6 –1,4 0,9 0,7
of which Exports 483 103,6 –0,6 2,3 0,5
[CI] Man. of computer, electronic and optical products 269 98,8 –2,2 1,2 –0,3
[CJ] Man. of electrical equipment 302 100,8 1,6 –1,3 0,1
[CK] Man. of machinery and equipment n.e.c. 434 111,0 –2,6 1,9 1,6
(C4): Man. of transport equipment 1428 118,9 7,3 –1,9 1,9
of which Exports 693 121,9 34,3 –17,5 5,4
[CL1] Man. of motor vehicles, trailers and semi-trailers 689 94,6 –1,5 3,9 3,6
[CL2] Man. of other transport equipment 739 142,1 13,7 –5,6 0,8
(C5): Other manufacturing 3815 105,4 –0,5 –0,4 0,0
of which Exports 1213 106,4 0,0 0,6 0,1
[CB] Man. of textiles, wearing apparel, leather and related products 191 108,1 –2,3 –0,6 0,1
[CC] Man. of wood and paper products; printing and reproduction of recorded media 427 100,7 –0,6 –0,4 –0,1
[CE] Man. of chemicals and chemical products 706 105,7 –0,1 –1,0 –1,7
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 322 100,4 –0,4 –1,3 2,3
[CG] Man. of rubber and plastics products, and other non-metallic mineral products 620 100,2 –1,3 –0,3 –0,4
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 900 106,2 –0,4 –0,1 0,4
[CM] Other manufacturing; repair and installation of machinery and equipment 649 114,0 0,4 0,3 0,8
DE: Mining and quarrying; energy, water supply, sewerage, waste management 1627 107,3 –1,8 0,6 –0,5
[BZ] Mining and quarrying 69 96,4 –2,8 0,4 –2,1
[DZ] Electricity, gas, steam and air-conditioning supply 1216 109,5 –1,6 0,5 0,2
[EZ] Water supply; sewerage, waste management and remediation 342 101,8 –2,7 1,4 –2,3
FZ: CONSTRUCTION 10000 111,8 0,3 2,3 0,4
  • ** 10000=B...E and F
  • (1) Quarter-on-quarter: last three months / previous three months
  • Source: INSEE

IRtab7 – Measure of variations' revisions

(in point %)
Measure of variations' revisions
Jan./ Dec. Dec./ Nov. Nov./ Oct. Q4 2014/ Q3 2014 2014/ 2013
Industry (BE) 0,00 0,00 0,09 0,00 0,02
raw serie 0,33 0,00 0,00 0,00 0,00
SA-WDA coeff. –0,33 0,00 0,09 0,00 0,02
Manufacturing industry (CZ) –0,10 0,00 0,00 0,09 –0,02
raw serie 0,08 0,00 0,00 0,00 0,00
SA-WDA coeff. –0,18 0,00 0,00 0,09 –0,02
  • Foot note: in the manufacturing industry, the SA-WDA evolution between December 2014 and January 2015 is revised by –0.10 point: +0.08 point is due to the raw serie's revision and –0.18 to the new calculation of the SA-WDA.
  • Source : INSEE