29 May 2015
2015- n° 133In March 2015, the turnover was stable in the manufacturing industry Turnover in industry and construction - March 2015
In March 2015, the turnover levelled off in the manufacturing industry, after a firm rise in February (+1.6%). Exports dropped considerably (–4.8%, after +8.0% in February). In the industry as a whole, the turnover rose again (+0.5%, after +1.0%).
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 March 2015, the turnover levelled off in the manufacturing industry , after a firm rise in February (+1.6%). Exports dropped considerably (–4.8%, after +8.0% in February).
In the industry as a whole, the turnover rose again (+0.5%, after +1.0%).
Slight rise over the first quarter (+0.2%)
Over the first quarter of 2015, the turnover went up slightly in the manufacturing industry (+0.2% q-o-q) as well as in the industry as a whole (+0.4%).
The turnover grew sharply in the manufacture of transport equipment (+3.5%), mainly in the manufacture of motor vehicles, trailers and semi-trailers (+4.8%). It also increased in the electrical and electronic equipment; machine equipment (+0.8%) and the manufacture of food products and beverages (+0.2%). On the other hand, it plummeted in the manufacture of coke and refined petroleum products (–9.7%). It was broadly stable in other manufacturing, with a rise in the other manufacturing: repair and installation of machinery and equipment (+1.2%) but a fall in the manufacture of chemicals and chemical products (–1.2%).
Fall compared to last year (–0.8%)
The turnover in the manufacturing industry dipped over the first quarter of 2015, compared to the same quarter of previous year (–0.8% y-o-y).
Over this period, the turnover plunged dramatically in the manufacture of coke and refined petroleum products (–19.5%). It declined in other manufacturing (–1.0%), in the electrical and electronic equipment; machine equipment (–1.1%), and more slightly in the manufacture of food products and beverages (–0.2%). Conversely, it grew sharply in the manufacture of transport equipment (+6.4%).
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** | Mar./ Feb. | Feb./ Jan. | q-o-q (1) | y-o-y (2) |
BE: INDUSTRY | 10000 | 0.5 | 1.0 | 0.4 | –0.5 |
CZ: MANUFACTURING INDUSTRY | 8373 | 0.0 | 1.6 | 0.2 | –0.8 |
Of which Exports | 2731 | –4.8 | 8.0 | 0.0 | 1.9 |
(C1): Manufacture of food products and beverages | 1647 | 0.3 | 0.7 | 0.2 | –0.2 |
(C2): Manufacture of coke and refined petroleum products | 478 | –0.5 | 7.5 | –9.7 | –19.5 |
(C3): Electrical and electronic equipment; machine equipment | 1005 | 0.0 | –1.1 | 0.8 | –1.1 |
(C4): Manufacture of transport equipment | 1428 | –1.1 | 7.3 | 3.5 | 6.4 |
(C5): Other manufacturing | 3815 | 0.4 | –0.3 | 0.0 | –1.0 |
DE: Mining and quarrying; energy; water supply; waste management | 1627 | 2.8 | –1.8 | 1.1 | 1.0 |
FZ: CONSTRUCTION | 10000 | –1.7 | –0.6 | 0.0 | –2.6 |
- ** 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
Downturn in transport equipment (–1.1%)
In March, the turnover fell back in the manufacture of transport equipment (–1.1%, after +7.3% in February), owed to a dramatic decline in exports after an exceptionnal level in February (–22.7%, after +34.4%). This fall in exports led to a sharp decline in the manufacture of other transport equipment (–2.6%, after +13.9%), whereas the turnover recovered in the manufacture of motor vehicles, trailers and semi-trailers (+1.3%, after –1.4%).
Slight fall in coke and refined petroleum products (–0.5%)
In March, the turnover went down slightly in the manufacture of coke and refined petroleum products (–0.5%) after a sharp rise in February (+7.5%).
Rebound in other manufacturing (+0.4%)
In March, the turnover bounced back in other manufacturing (+0.4%) after a decrease for two months in a row. It improved mainly in the manufacture of rubber and plastic products (+1.3%) and the manufacture of basic pharmaceutical products and pharmaceutical preparations (+1.7%), but it dipped in the manufacture of basic metals and fabricated metal products (–0.4%).
New rise in food products and beverages (+0.3%)
The turnover climbed again in March in the manufacture of food products and beverages (+0.3%, after +0.7% in February).
Stability in equipments
The turnover in the electrical and electronic equipment; machine equipment flattened out in March, after a decline in February (–1.1%). The growth in the manufacture of electrical equipment (+1.6%) was balanced by a fall in the manufacture of computer, electronic and optical products (–0.9%) and the manufacture of machinery and equipment n.e.c. (–0.4%).
Revisions: +0.2 points in February in the manufacturing industry
In the manufacturing industry, the variation of the turnover in February is revised upwards, at +1.6% instead of +1.4% published previously. The variation in the industry as a whole is revised by +0.1 points (+1.0%, instead of +0.9%).
tableauIRtab8 – Indexes of turnover in industry and construction
Change in % | |||||
---|---|---|---|---|---|
Industries: | Weight* | Mar. 2015 | Mar./ Feb. | Feb./ Jan. | q-o-q (1) |
BE: INDUSTRY | 10000 | 109.9 | 0.5 | 1.0 | 0.4 |
CZ: MANUFACTURING INDUSTRY | 8373 | 109.7 | 0.0 | 1.6 | 0.2 |
of which Exports | 2731 | 105.9 | –4.8 | 8.0 | 0.0 |
(C1): Man. of food products and beverages | 1647 | 115.5 | 0.3 | 0.7 | 0.2 |
of which Exports | 284 | 124.7 | 3.5 | 0.4 | –0.4 |
(C2): Man. of coke and refined petroleum products | 478 | 103.6 | –0.5 | 7.5 | –9.7 |
(C3): Electrical and electronic equipment; machine equipment | 1005 | 105.0 | 0.0 | –1.1 | 0.8 |
of which Exports | 483 | 106.8 | 2.8 | –0.7 | 3.0 |
[CI] Man. of computer, electronic and optical products | 269 | 98.6 | –0.9 | –1.5 | 0.0 |
[CJ] Man. of electrical equipment | 302 | 102.9 | 1.6 | 1.7 | 0.7 |
[CK] Man. of machinery and equipment n.e.c. | 434 | 110.5 | –0.4 | –2.7 | 1.3 |
(C4): Man. of transport equipment | 1428 | 117.7 | –1.1 | 7.3 | 3.5 |
of which Exports | 693 | 94.0 | –22.7 | 34.4 | –2.4 |
[CL1] Man. of motor vehicles, trailers and semi-trailers | 689 | 96.0 | 1.3 | –1.4 | 4.8 |
[CL2] Man. of other transport equipment | 739 | 138.5 | –2.6 | 13.9 | 2.6 |
(C5): Other manufacturing | 3815 | 106.1 | 0.4 | –0.3 | 0.0 |
of which Exports | 1213 | 107.0 | 0.3 | 0.2 | 0.8 |
[CB] Man. of textiles, wearing apparel, leather and related products | 191 | 108.4 | 0.4 | –2.1 | –1.5 |
[CC] Man. of wood and paper products; printing and reproduction of recorded media | 427 | 101.3 | 0.4 | –0.5 | –0.1 |
[CE] Man. of chemicals and chemical products | 706 | 106.4 | 0.4 | 0.1 | –1.2 |
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations | 322 | 102.9 | 1.7 | –0.1 | 2.1 |
[CG] Man. of rubber and plastics products, and other non-metallic mineral products | 620 | 101.6 | 1.3 | –1.3 | –0.4 |
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment | 900 | 105.8 | –0.4 | –0.4 | 0.0 |
[CM] Other manufacturing; repair and installation of machinery and equipment | 649 | 114.7 | 0.1 | 0.8 | 1.2 |
DE: Mining and quarrying; energy, water supply, sewerage, waste management | 1627 | 110.9 | 2.8 | –1.8 | 1.1 |
[BZ] Mining and quarrying | 69 | 96.4 | 0.2 | –2.8 | –1.8 |
[DZ] Electricity, gas, steam and air-conditioning supply | 1216 | 113.2 | 2.7 | –1.4 | 1.7 |
[EZ] Water supply; sewerage, waste management and remediation | 342 | 105.6 | 3.3 | –2.8 | –0.6 |
FZ: CONSTRUCTION | 10000 | 101.5 | –1.7 | –0.6 | 0.0 |
- ** 10000=B...E and F
- (1) Quarter-on-quarter: last three months / previous three months
- Source: INSEE
tableauIRtab7 – Measure of variations' revisions
Feb./ Jan. | Jan./ Dec. | Dec./ Nov. | Q4 2014/ Q3 2014 | 2014/ 2013 | |
---|---|---|---|---|---|
Industry (BE) | 0.09 | 0.09 | 0.00 | 0.15 | –0.03 |
raw serie | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 |
SA-WDA coeff. | –0.01 | 0.09 | 0.00 | 0.15 | –0.03 |
Manufacturing industry (CZ) | 0.18 | 0.09 | –0.09 | 0.03 | 0.00 |
raw serie | 0.10 | –0.08 | 0.00 | 0.00 | 0.00 |
SA-WDA coeff. | 0.08 | 0.18 | –0.09 | 0.03 | 0.00 |
- Foot note: in the manufacturing industry, the SA-WDA evolution between January and February 2015 is revised by +0.18 point: +0.10 point is due to the raw serie's revision and +0.08 to the new calculation of the SA-WDA.
- Source: INSEE
Documentation
Methodology (pdf,140 Ko)
Pour en savoir plus
Time series : Turnover indices (VAT)