10 July 2014
2014- n° 159In May 2014, manufacturing output plummeted (–2.3%) Industrial production index - May 2014
In May 2014, manufacturing output went down dramatically (–2.3%), after having been stable in April. Output decreased also in industrial production as a whole (–1.7%, after +0.3% in April 2014).
Note : the changes of the industrial production index in May 2014 are potentially exacerbated by bridging days of May. Indeed, this year, the three public holidays (May 1st, May 8 th and ascension) were Thursdays, so there are three possible bridging days, Friday 2nd , 9th and 30 May. These bridging days are usually considered like normal working days for the SA-WDA treatment.
In May 2014, manufacturing output went down dramatically (–2.3%), after having been stable in April. Output decreased also in industrial production as a whole (–1.7%, after +0.3% in April 2014).
Manufacturing output decreased by 0.9% over the last three months…
During the last three months (q-o-q), output weakened in the manufacturing sector (–0.9%) as well as in industry as a whole (–1.0%).
Output declined in the manufacture of electrical and electronic equipment; machine equipment (–2.7%) and, in a less sustained pace, in other manufacturing (–0.4%), in the manufacture of food products and beverages (–1.0%) and in the manufacture of transport equipment (–0.9%). On the other hand, output increased in the manufacture of coke and refined petroleum products (+0.5%).
… and declined by 0.7% over the year.
Manufacturing output went down by 0.7% (y-o-y).
Output decreased strongly in the manufacture of electrical and electronic equipment; machine equipment (–3.3%), in the manufacture of food products and beverages (–2.3%) and, considerably, in the manufacture of coke and refined petroleum products (–11.5%). Output declined more slightly in the manufacture of transport equipment (–0.4%). On the opposite, output increased mildly in other manufacturing (+0.5%).
Please note: all the series are adjusted for seasonal variations (SA) and the number of working days (WDA).
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) | May / April | April / March | Q-o-Q change (1) | Year on year change (2) |
|---|---|---|---|---|
| BE: INDUSTRY | –1.7 | 0.3 | –1.0 | –2.3 |
| CZ: Manufacturing | –2.3 | 0.0 | –0.9 | –0.7 |
| (C1): Manufacture of food products and beverages | –1.0 | –0.7 | –1.0 | –2.3 |
| (C2): Manufacture of coke and refined petroleum products | –8.4 | –0.2 | 0.7 | –11.5 |
| (C3): Electrical and electronic equipment; machine equipment | –2.9 | –1.0 | –2.7 | –3.3 |
| (C4): Manufacture of transport equipment | –3.5 | –0.5 | –0.9 | –0.4 |
| (C5): Other manufacturing | –2.0 | 0.4 | –0.4 | 0.5 |
| (DE): Mining and quarrying; energy; water supply; waste management | 1.3 | 1.9 | –1.2 | –8.9 |
| FZ: CONSTRUCTION | –0.7 | –0.3 | –2.0 | 0.7 |
- (1) Last three months / three previous months
- (2) Last three months / three same 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 or A64] | May 2014 | May / April | April / March | Quarter on quarter change |
|---|---|---|---|---|
| BE: INDUSTRY | 96.5 | –1.7 | 0.3 | –1.0 |
| CZ: Manufacturing | 97.1 | –2.3 | 0.0 | –0.9 |
| (C1): Man. of food products and beverages | 96.6 | –1.0 | –0.7 | –1.0 |
| (C2): Man. of coke and refined petroleum products | 77.5 | –8.4 | –0.2 | 0.7 |
| (C3): Electrical and electronic equipment; machine equipment | 96.6 | –2.9 | –1.0 | –2.7 |
| [CI] Man. of computer, electronic and optical products | 101.3 | –2.0 | –1.6 | –1.6 |
| [CJ] Man. of electrical equipment | 90.1 | –4.9 | –0.3 | –2.7 |
| [CK] Man. of machinery and equipment n.e.c. (1) | 97.8 | –2.4 | –0.9 | –3.5 |
| (C4): Man. of transport equipment | 98.1 | –3.5 | –0.5 | –0.9 |
| [CL1] Man. of motor vehicles, trailers and semi-trailers | 88.7 | –0.6 | –0.4 | –2.8 |
| [CL2] Man. of other transport equipment | 108.6 | –6.1 | –0.7 | 0.9 |
| (C5): Other manufacturing | 97.7 | –2.0 | 0.4 | –0.4 |
| [CB] Man. of textiles, wearing apparel, leather and related products | 93.5 | –9.2 | 8.2 | 1.4 |
| [CC] Man. of wood and paper products; printing and reproduction of recorded media | 87.5 | –1.1 | –0.8 | –0.7 |
| [CE] Man. of chemicals and chemical products | 108.1 | –2.3 | –2.4 | –0.5 |
| [CF] Man. of basic pharmaceutical products and pharmaceutical preparations | 99.7 | –0.2 | –0.2 | –0.4 |
| [CG] Man. of rubber and plastics products, and other non-metallic mineral products | 94.8 | –1.7 | –0.1 | –2.0 |
| [CH] Man. of basic metals and fabricated metal products, except machinery and equipment | 95.9 | –2.6 | 0.2 | –0.3 |
| [CM] Other manufacturing; repair and installation of machinery and equipment | 102.0 | –0.8 | 2.2 | 0.5 |
| (DE): Mining and quarrying; energy; water supply; waste management | 94.2 | 1.3 | 1.9 | –1.2 |
| [BZ] Mining and quarrying | 88.9 | –8.4 | 0.4 | –4.6 |
| [DZ] Electricity, gas, steam and air-conditioning supply | 92.5 | 4.9 | –0.8 | –1.7 |
| [EZ] Water supply; sewerage, waste management and remediation | 108.5 | –12.9 | 17.7 | 3.3 |
| FZ: CONSTRUCTION | 95.1 | –0.7 | –0.3 | –2.0 |
| MIGs (2) | ||||
| Capital goods | 99.5 | –1.6 | 0.3 | –1.2 |
| Intermediate goods | 94.9 | –3.3 | 0.0 | –1.3 |
| Consumer durables | 98.2 | –2.5 | –1.9 | 0.9 |
| Consumer non-durables | 98.5 | –1.6 | –0.5 | –0.2 |
| Energy | 92.9 | 1.1 | 1.8 | –0.9 |
- (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 May 2014, output went down in other manufacturing (–2.0%)…
The downturn concerned all products in other manufacturing. Output decreased in the manufacture of basic metals and fabricated metal products, except machinery and equipment products (–2.6%) and more dramatically in the manufacture of textiles, wearing apparel, leather and related products (–9.2%). It also diminished in the manufacture of chemicals and chemical products (–2.3%), in the manufacture of rubber and plastics products, and other non-metallic mineral products (–1.7%), in other manufacturing; repair and installation of machinery and equipment (–0.8%) and in the manufacture of wood and paper products; printing and reproduction of recorded media. (–1.1%).
… in the manufacture of electrical and electronic equipment; machine equipment (–2.9%)…
Output plummeted in the manufacture of electrical equipment (–4.9%), in the manufacture of machinery and equipment n.e.c. (–2.4%), and in the manufacture of computer, electronic and optical products (–2.0%).
… and in the manufacture of transport equipment (–3.5%).
Output dipped in the manufacture of other transport equipment (–6.1%) and, to a lesser extent, in the manufacture of motor vehicles, trailers and semi-trailers (–0.6%).
Output plummeted in the manufacture of coke and refined petroleum products (–8.4%).
Output markedly declined in the manufacture of coke and refined petroleum products (–8.4%).
Revisions in April
tableauTableau3a – Measure of variations’ revisions
| April / March | March / Feb. | Feb. / Jan. | Q1 2014 / Q4 2013 | 2013 / 2012 | |
|---|---|---|---|---|---|
| Industry (BE) | 0.00 | –0.10 | 0.00 | –0.14 | 0.03 |
| raw serie | –0.10 | 0.11 | –0.10 | –0.16 | 0.05 |
| SA-WDA coefficient | 0.10 | –0.21 | 0.10 | 0.02 | –0.02 |
| Manufacturing (CZ) | –0.30 | 0.00 | 0.00 | –0.37 | 0.04 |
| raw serie | –0.10 | –0.10 | 0.20 | –0.13 | 0.08 |
| SA-WDA coefficient | –0.20 | 0.10 | –0.20 | –0.24 | –0.04 |
- Note of reading: in the manufacturing sector, the SA-WDA evolution between March 2014 and April 2014 is revised by -0.30 point: -0.10 is due to the raw serie's revision and -0.20 to the new SA-WDA calculation.
- Sources: Insee, SSP, SOeS
Documentation
Methodology (pdf,163 Ko)
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