In November 2016, the turnover recovered sharply in the manufacturing industry (+2.4%)Turnover in industry and construction - November 2016

In November 2016, the turnover recovered sharply in the manufacturing industry (+2.4% after −0.4% in October). The rebound was slightly more marked in exports (+2.7% after −0.9%).

In the industry as a whole, the turnover picked up sharply too (+2.7% after −0.3%).

Warning

Turnover indices (total and exports) have been recalculated in the building of ships and floating structures to take better into account exceptional deliveries of ocean liners in 2016.

The result is unusual revisions in the shipbuilding sector but also by aggregation in manufacture of other transport equipment and in the manufacturing industry.

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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 November 2016, the turnover recovered sharply in the manufacturing industry (+2.4% after −0.4% in October). The rebound was slightly more marked in exports (+2.7% after −0.9%).

In the industry as a whole, the turnover picked up sharply too (+2.7% after −0.3%).

Sharp increase over the last three months (+2.1%)

Over the last three months, the turnover rose sharply in the manufacturing industry as well as in the industry as a whole (+2.1%). It grew in every sector of the manufacturing industry: “other manufacturing” (+1.8%), manufacture of transport equipment (+2.4%), manufacture of food products and beverages (+1.7%), manufacture of coke and refined petroleum products (+7.7%) and machinery and equipment goods (+1.4%).

Strong growth compared to the previous year (+1.7%)

The turnover of the last three months grew sharply compared to the same three months of the previous year in the manufacturing industry (+1.7%), as in the industry as a whole (+2.1%). Over this period, it rose markedly in the manufacture of transport equipment (+6.9%) and more modestly in the manufacture of food products and beverages (+1.6%), that of machinery and equipment goods (+1.5%) and the manufacture of coke and refined petroleum products (+1.2%). It was virtually stable in the “other manufacturing” sector (+0.1%).

Graph1 – Turnover in manufacturing industry

  • Source: INSEE

Graph2 – Turnover in manufacturing industry by sector

  • Source: INSEE

Table1 – 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* Nov./ Oct. Oct./ Sep. q-o-q (1) y-o-y (2)
BE: INDUSTRY 10000 2.7 –0.3 2.1 2.1
CZ: MANUFACTURING INDUSTRY 8346 2.4 –0.4 2.1 1.7
Of which Exports 2677 2.7 –0.9 2.6 0.4
(C1): Manufacture of food products and beverages 1685 1.3 0.5 1.7 1.6
(C2): Manufacture of coke and refined petroleum products 561 –1.6 6.6 7.7 1.2
(C3): Machinery and equipment goods 953 4.5 –1.6 1.4 1.5
(C4): Manufacture of transport equipment 1265 2.9 –2.2 2.4 6.9
(C5): Other manufacturing 3881 2,6 –0.5 1.8 0.1
DE: Mining and quarrying; energy; water supply; waste management 1654 4.0 0.0 2.2 3.6
FZ: CONSTRUCTION 10000 1.3 0.0 3.0 1.3
  • * 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

Significant rise in “other manufacturing” (+2.6%)

The turnover in “other manufacturing” strongly recovered in November (+2.6%) after a decrease in October (−0.5%). The increase was mainly due to the manufacture of chemicals and chemicals products (+4.5%), the manufacture of rubber and plastics products, and other non-metallic mineral products (+3.8%) and the manufacture of basic pharmaceutical products and pharmaceutical preparations (+4.1%).

Strong rebound in machinery and equipment goods (+4.5%)

The turnover in machinery and equipment goods bounced back vigorously in November (+4.5%) after two months of significant decline (−1.6% in October and −1.2% in September). It recovered in the manufacture of machinery and equipment n.e.c. (+4.6%) and the manufacture of computer, electronic and optical products (+6.1%). It went on increasing in the manufacture of electrical equipment (+2.5%).

Recovery in transport equipment (+2.9%)

The turnover in the manufacture of transport equipment recovered strongly in November (+2.9% after −2.2% in October), thanks to the manufacture of other transport equipment (+4.3% after −7.4% in October). The turnover in the manufacture of motor vehicles, trailers and semi-trailers rose again (+1.5%), even if it was at a lower pace than in October (+4.5%).

Further increase in food products and beverages (+1.3%)

In November, the turnover accelerated in the manufacture of food products and beverages (+1.3% after +0.5% in October).

Downturn in coke and refined petroleum products (−1.6%)

In November, the turnover fell back in the manufacture of coke and refined petroleum products (−1.6%) after a sharp increase in October (+6.6%).

Revisions:

In the manufacturing industry, the variation in turnover is unchanged at −0.4% for October 2016. It has been lowered by 0.1 points in the industry as a whole (−0.3% instead of −0.2% previously).

Table2 – Indexes of turnover in industry and construction

SA-WDA, based year 2010
Indexes of turnover in industry and construction
Change in %
Industries: Weight Nov. 2016 Nov./ Oct. Oct./ Sep. q-o-q (1)
BE: INDUSTRY 10000 111.0 2.7 −0.3 2.1
CZ: MANUFACTURING INDUSTRY 8346 109.0 2.4 −0.4 2.1
of which Exports 2677 114.2 2.7 −0.9 2.6
(C1): Man. of food products and beverages 1685 116.3 1.3 0.5 1.7
of which Exports 285 119.9 1.1 −0.4 2.3
(C2): Man. of coke and refined petroleum products 561 71.0 −1.6 6.6 7.7
(C3): Machinery and equipment goods 953 107.7 4.5 −1.6 1.4
of which Exports 469 105.4 3.5 0.1 1.2
[CI] Man. of computer, electronic and optical products 306 106.2 6.1 −4.4 −1.1
[CJ] Man. of electrical equipment 245 102.6 2.5 0.6 3.7
[CK] Man. of machinery and equipment n.e.c. 402 111.9 4.6 −0.7 2.0
(C4): Man. of transport equipment 1265 123.8 2.9 −2.2 2.4
of which Exports 617 124.9 0.6 −3.9 2.1
[CL1] Man. of motor vehicles, trailers and semi-trailers 702 103.1 1.5 4.5 −1.7
[CL2] Man. of other transport equipment 562 149.6 4.3 −7.4 6.2
(C5): Other manufacturing 3881 106.8 2.6 −0.5 1.8
of which Exports 1237 112.6 5.6 −1.3 2.9
[CB] Man. of textiles, wearing apparel, leather and related products 188 113.1 2.9 0.9 0.9
[CC] Man. of wood and paper products; printing and reproduction of recorded media 436 98.8 2.8 −0.5 1.1
[CE] Man. of chemicals and chemical products 745 104.5 4.5 −1.3 3.4
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 304 111.5 4.1 0.0 −2.2
[CG] Man. of rubber and plastics products, and other non-metallic mineral products 629 106.0 3.8 −1.3 1.5
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 926 102.4 0.9 1.1 2.7
[CM] Other manufacturing; repair and installation of machinery and equipment 653 117.8 1.1 −1.6 2.1
DE: Mining and quarrying; energy, water supply, sewerage, waste management 1654 121.3 4.0 0.0 2.2
[BZ] Mining and quarrying 70 92.7 3.6 −1.8 0.1
[DZ] Electricity, gas, steam and air-conditioning supply 1205 124.0 3.3 0.2 2.4
[EZ] Water supply; sewerage, waste management and remediation 379 117.9 6.5 −0.2 2.0
FZ: CONSTRUCTION 10000 105.4 1.3 0.0 3.0
  • (1) Quarter-on-quarter: last three months / previous three months
  • Source: INSEE

Table3 – Revisions of variations

(in point %)
Revisions of variations
Oct./ Sept. Sept./ Aug. Aug./ July Q3 2016/ Q2 2016 2015/ 2014
Industry (BE) −0.12 0.04 −0.01 0.81 0.04
raw serie −0.45 −0.01 0.12 1.74 0.03
SA-WDA parameters 0.33 0.05 −0.13 −0.92 0.01
Manufacturing industry (CZ) −0.04 −0.01 −0.04 0.90 0.04
raw serie −0.30 −0.01 0.12 2.10 0.03
SA-WDA parameters 0.26 0.00 −0.16 −1.20 0.01
  • How to read it: in manufacturing, the SA-WDA variation between September 2016 and October 2016 is revised by −0.04 points: −0.30 points are due to the raw serie's revision and 0.26 points to the new calculation of the SA-WDA parameters.
  • Source: INSEE