28 February 2017
2017- n° 58In 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%).
- Further increase over the fourth quarter 2016 (+2.5%)
- Sharp growth compared to the previous year (+3.2%)
- Acceleration in transport equipment (+12.0%)
- Downturn in”other manufacturing” (−1.0%)
- Shrinkage in machinery and equipment goods (−2.0%)
- Downturn in food products and beverages (−1.6%)
- Rebound in coke and refined petroleum products (+2.2%)
- Revisions
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%).
graphiqueGraph1 – Turnover in manufacturing industry
graphiqueGraph2 – Turnover in manufacturing industry by sector
tableauTable1 – 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.
tableauTable2 – 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
tableauTable3 – 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
Documentation
Methodology (pdf,140 Ko)
Pour en savoir plus
Time series : Turnover indices (VAT)