In 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).

Informations rapides
No 159
Paru le : 10/07/2014
Prochaine parution le : 10/10/2017 at 08:45 - August 2017

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).

Graphique1a – 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

Tableau1a – Variation of the Industrial Production

2010 based, SA-WDA changes in %
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

Tableau2a – Variation of the Industrial Production

2010 based, SA-WDA changes in %
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

Tableau3a – Measure of variations’ revisions

(in point %)
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