In December 2016, the turnover rose again in the manufacturing industry (+1.2%)Turnover in industry and construction - December 2016

In December 2016, the turnover rose again in the manufacturing industry (+1.2% after +2.4%). The increase was particularly marked in exports (+5.1% after +4.0%).

In the industry as a whole, the turnover rose again but much more slowly than in November (+0.4% after +2.9%).

Informations rapides
No 58
Paru le : 28/02/2017
Prochaine parution le : 28/04/2017 at 12:00 - February 2017

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 December 2016, the turnover rose again in the manufacturing industry (+1.2% after +2.4%). The increase was particularly marked in exports (+5.1% after +4.0%).

In the industry as a whole, the turnover rose again but much more slowly than in November (+0.4% after +2.9%).

Further increase over the fourth quarter 2016 (+2.5%)

Over the fourth quarter of 2016, the turnover advanced sharply in the manufacturing industry (+2.5%) as well as in the industry as a whole (+2.4%). It grew in every sector of the manufacturing industry: strongly in the manufacture of coke and refined petroleum products (+8.8%) and the in manufacture of transport equipment (+6.0%), more modestly in the machinery and equipment goods (+1.7%), “other manufacturing” (+1.6%) and the manufacture of food products and beverages (+0.8%).

Sharp growth compared to the previous year (+3.2%)

The turnover grew sharply over the fourth quarter of 2016 compared to the same quarter of 2015 in the manufacturing industry (+3.2%), as in the industry as a whole (+3.6%). Over this period, it soared in the manufacture of transport equipment (+12.4%), it rose strongly in the manufacture of coke and refined petroleum products (+3.8%), and more moderately in the manufacture of food products and beverages (+1.7%), in the machinery and equipment industry (+1.6%) and in the “other manufacturing” sector (+0.9%).

Graph1 – Turnover in manufacturing industry

  • Source: INSEE

Graph2 – Turnover in manufacturing industry by sector

  • Source: INSEE

Table1 – Variation in the turnover in industry and construction

SA-WDA value, Base year 2010
Variation in the turnover in industry and construction
Change in %
NA : A 10, (A 17) Weight* Dec./ Nov. Nov./ Oct. q-o-q (1) y-o-y (2)
BE: INDUSTRY 10000 0.4 2.9 2.4 3.6
CZ: MANUFACTURING INDUSTRY 8346 1.2 2.4 2.5 3.2
Of which Exports 2677 5.1 4.0 5.1 4.5
(C1): Manufacture of food products and beverages 1685 −1.6 1.0 0.8 1.7
(C2): Manufacture of coke and refined petroleum products 561 2.2 −3.3 8.8 3.8
(C3): Machinery and equipment goods 953 −2.0 4.9 1.7 1.6
(C4): Manufacture of transport equipment 1265 12.0 3.4 6.0 12.4
(C5): Other manufacturing 3881 −1.0 2.7 1.6 0.9
DE: Mining and quarrying; energy; water supply; waste management 1654 −2.9 5.3 2.1 5.3
FZ: CONSTRUCTION 10000 −0.6 1.0 2.3 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

Acceleration in transport equipment (+12.0%)

The turnover in the manufacture of transport equipment accelered strongly in December (+12.0% after +3.4% in November). This huge increase was owed to the manufacture of other transport equipment (+22.1% after +5.0% in November) and specifically to the aeronautical industry that recorded an exceptionnal year's end. Conversely, the turnover in the manufacture of motor vehicles, trailers and semi-trailers was steady.

Downturn in”other manufacturing” (−1.0%)

In December, the turnover in “other manufacturing” fell back (−1.0% after +2.7%). It declined sharply in the manufacture of rubber and plastics products, and other non-metallic mineral products (−2.0%) and more moderately in the manufacture of basic metals and fabricated metal products, except machinery and equipement (−1.0%). By contrast, it went on increasing in the other manufacturing, repair and installation of machinery and equipment (+0.8%).

Shrinkage in machinery and equipment goods (−2.0%)

The turnover in the machinery and equipment goods shrank in December (−2.0%) after a sharp rebound in November (+4.9%). It fell back in the manufacture of machinery and equipment n.e.c. (−4.0%) and to a lesser extent in the manufacture of computer, electronic and optical products (−0.8%). However the turnover in the manufacture of electrical equipment was stable.

Downturn in food products and beverages (−1.6%)

In December, the turnover fell back in the manufacture of food products and beverages (−1.6%) after two months of increase (whose +1.0% in November).

Rebound in coke and refined petroleum products (+2.2%)

The turnover in the manufacture of coke and refined petroleum products bounced back in December (+2.2%) after a downturn in November (−3.3%).

Revisions

In the manufacturing industry, the variation in turnover is unchanged at +2.4% for November 2016. It has been raised by 0.2 points in the industry as a whole, to +2.9% instead of 2.7% 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* Dec. 2016 Dec./ Nov. Nov./ Oct. q-o-q (1)
BE: INDUSTRY 10000 112.0 0.4 2.9 2.4
CZ: MANUFACTURING INDUSTRY 8346 110.6 1.2 2.4 2.5
of which Exports 2677 122.5 5.1 4.0 5.1
(C1): Man. of food products and beverages 1685 113.9 −1.6 1.0 0.8
of which Exports 285 118.7 −0.9 1.0 1.2
(C2): Man. of coke and refined petroleum products 561 72.9 2.2 −3.3 8.8
(C3): Machinery and equipment goods 953 106.0 −2.0 4.9 1.7
of which Exports 469 103.7 −1.7 3.7 1.6
[CI] Man. of computer. electronic and optical products 306 105.8 −0.8 6.4 −1.3
[CJ] Man. of electrical equipment 245 102.5 0.0 2.0 4.3
[CK] Man. of machinery and equipment n.e.c. 402 108.1 −4.0 5.5 2.4
(C4): Man. of transport equipment 1265 141.0 12.0 3.4 6.0
of which Exports 617 168.2 24.6 5.3 12.1
[CL1] Man. of motor vehicles. trailers and semi-trailers 702 103.6 0.0 1.6 1.5
[CL2] Man. of other transport equipment 562 187.7 22.1 5.0 9.9
(C5): Other manufacturing 3881 105.9 −1.0 2.7 1.6
of which Exports 1237 108.9 −3.5 5.7 2.4
[CB] Man. of textiles. wearing apparel. leather and related products 188 108.7 −4.3 3.3 1.2
[CC] Man. of wood and paper products; printing and reproduction of recorded media 436 97.2 −1.5 2.9 1.1
[CE] Man. of chemicals and chemical products 745 103.4 −0.9 4.1 1.4
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 304 110.8 −0.9 4.2 0.6
[CG] Man. of rubber and plastics products. and other non-metallic mineral products 629 104.2 −2.0 4.2 1.4
[CH] Man. of basic metals and fabricated metal products. except machinery and equipment 926 101.3 −1.0 0.8 2.4
[CM] Other manufacturing; repair and installation of machinery and equipment 653 119.4 0.8 1.8 1.7
DE: Mining and quarrying; energy. water supply. sewerage. waste management 1654 118.9 −2.9 5.3 2.1
[BZ] Mining and quarrying 70 95.0 1.1 4.7 1.6
[DZ] Electricity. gas. steam and air-conditioning supply 1205 120.3 −3.9 4.7 1.7
[EZ] Water supply; sewerage. waste management and remediation 379 119.0 0.1 7.1 3.5
FZ: CONSTRUCTION 10000 104.6 −0.6 1.0 2.3
  • (1) Quarter-on-quarter: last three months / previous three months
  • Source: INSEE

Table3 – Revisions of variations

(in percentage points)
Revisions of variations
Nov./ Oct. Oct./ Sept. Sept./ Aug. Q3 2016/ Q2 2016 2015/ 2014
Industry (BE) 0.24 0.05 0.02 0.09 0.01
raw serie −0.14 0.00 0.02 0.00 0.00
SA-WDA parameters 0.38 0.06 0.00 0.09 0.01
Manufacturing industry (CZ) 0.03 0.10 0.05 0.08 0.01
raw serie −0.02 −0.01 0.01 0.00 0.00
SA-WDA parameters 0.05 0.10 0.04 0.07 0.01
  • How to read it: in the manufacturing industry, the SA-WDA variation between October 2016 and November 2016 is revised by +0.03 points: −0.02 points are due to the raw serie's revision and 0.05 points to the new calculation of the SA-WDA parameters.
  • Source: INSEE