28 April 2015
2015- n° 103In 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%).
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%).
graphiqueIRgraph3 – Turnover in manufacturing industry
graphiqueIRGraph4 – Turnover in manufacturing industry by sector
tableauIRtab5 – 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%.
tableauIRtab8 – 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
tableauIRtab7 – 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
Documentation
Methodology (pdf,140 Ko)
Pour en savoir plus
Time series : Turnover indices (VAT)