In January 2017, the turnover fell back sharply in the manufacturing industry (−3.3%)Turnover in industry and construction - January 2017

In January 2017, the turnover fell back sharply in the manufacturing industry (−3.3% after +1.3% in December). The decline was particularly marked in export sales (−9.1%) after remarkable sales in December (+7.8%).

In the industry as a whole, the turnover shrank as well (−2.9% after +1.2%).

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 January 2017, the turnover fell back sharply in the manufacturing industry (−3.3% after +1.3% in December). The decline was particularly marked in export sales (−9.1%) after remarkable sales in December (+7.8%).

In the industry as a whole, the turnover shrank as well (−2.9% after +1.2%).

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

Over the last three months, the turnover rose sharply in the manufacturing industry (+2.1%) as well as in the industry as a whole (+2.4%). It grew in most sectors of the manufacturing industry: “other manufacturing” (+1.8%), manufacture of transport equipment (+4.2%), manufacture of coke and refined petroleum products (+6.7%), machinery and equipment goods (+2.0%). It was steady in the manufacture of food products and beverages.

Clear growth over a year (+3.6%)

The turnover of the last three months grew sharply over a year in the manufacturing industry (+3.6%). The growth was even higher in the industry as a whole (+4.6%), driven by a leap in the mining and quarrying, energy, water supply, waste management sector (+9.3%). Over a year, the turnover rose in all the main sectors of the manufacturing industry: the manufacture of transport equipment (+10.1%), “other manufacturing” (+1.8%), the manufacture of coke and refined petroleum products (+11.2%), the manufacture of food products and beverages (+1.7%) and the machinery and equipment industry (+2.6%).

Graph1 – Turnover in manufacturing industry

  • 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* Jan./ Dec. Dec./ Nov. q-o-q (1) y-o-y (2)
BE: INDUSTRY 10000 −2.9 1.2 2.4 4.6
CZ: MANUFACTURING INDUSTRY 8346 −3.3 1.3 2.1 3.6
Of which Exports 2677 −9.1 7.8 5.0 5.6
(C1): Manufacture of food products and beverages 1685 1.2 −2.1 0.0 1.7
(C2): Manufacture of coke and refined petroleum products 561 2.3 2.9 6.7 11.2
(C3): Machinery and equipment goods 953 1.3 −2.3 2.0 2.6
(C4): Manufacture of transport equipment 1265 −18.7 12.9 4.2 10.1
(C5): Other manufacturing 3881 −0.3 −0.8 1.8 1.8
DE: Mining and quarrying; energy; water supply; waste management 1654 −1.2 0.9 3.6 9.3
FZ: CONSTRUCTION 10000 1.5 −0.7 1.5 2.5
  • * 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

Strong downturn in transport equipment (−18.7%)

The turnover in the manufacture of transport equipment fell back very sharply in January (−18.7% after +12.9% in December). This strong decrease was mainly due to the manufacture of other transport equipment (−31.0% after +24.0%), as an after-effect of the exceptionnal end of year in the aerospace industry. The turnover decreased again in the manufacture of motor vehicles (−0.6% after −0.3%). The downturn in the whole sector was particularly marked in export sales (−28.1% after +35.6%) since aeronautic sales are mainly for exports.

Rebound in food products and beverages (+1.2%)

In January, the turnover recovered in the manufacture of food products and beverages after a downturn in December (1.2% after −2.1%). The profile was less pronounced in export sales (+1.0% after −0.8%).

Further increase in coke and refined petroleum products (+2.3%)

The turnover in the manufacture of coke and refined petroleum products rose sharply again in January (+2.3% after +2.9% in December), particularly due to a rise in the prices.

Recovery in machinery and equipment (+1.3%)

The turnover in machinery and equipment recovered in January (+1.3% after −2.3%). It bounced back in the manufacture of computer, electronic and optical products (+2.9%) and the manufacture of machinery and equipment n.e.c. (+1.7%) while it fell again in the manufacture of electrical equipment (−1.7%). In machinery and equipment, the sales for export recovered slightly (+0.5% after −1.8%).

Slight decrease in « other manufacturing » (−0,3%)

In January, the turnover in « other manufacturing » decreased again (−0.3%) but at a lower pace than in December (−0.8%). It feIl in other manufacturing, repair and installation of machinery and equipment (−1.9%), in the manufacture of rubber, plastics, and other non-metallic mineral products (−1.0%), and in the manufacture of wood and paper products (−1.2%). By contrast, the turnover rebounded sharply in pharmaceuticals (+3.3%) and modestly in manufacture of textiles, wearing apparel, leather and related products (+1.1%). The turnover remained virtually stable in the manufacture of chemicals and chemical products and stagnated in the manufacture of basic metals and fabricated metal products. In whole of the « other manufacturing », the turnover of export sales was virtually stable (−0.1% after −3.5%).

Revisions

In the manufacturing industry, the variation in turnover has been raised by 0.1 points, to +1.3% instead of 1.2% previously. It has been raised by 0.8 points in the industry, to +1.2% instead of +0.4% previously because of integration of late information for the energy sector.

Table2 – Indexes of turnover in industry and construction

SA-WDA, based year 2010
Indexes of turnover in industry and construction
Change in %
Industries: Weight* Jan. 2017 Jan./ Dec. Dec./ Nov. q-o-q (1)
BE: INDUSTRY 10000 109.8 −2.9 1.2 2.4
CZ: MANUFACTURING INDUSTRY 8346 107.5 −3.3 1.3 2.1
of which Exports 2677 113.6 −9.1 7.8 5.0
(C1): Man. of food products and beverages 1685 115.3 1.2 −2.1 0.0
of which Exports 285 120.7 1.0 −0.8 0.8
(C2): Man. of coke and refined petroleum products 561 77.3 2.3 2.9 6.7
(C3): Machinery and equipment goods 953 107.5 1.3 −2.3 2.0
of which Exports 469 104.6 0.5 −1.8 2.0
[CI] Man. of computer, electronic and optical products 306 109.5 2.9 −0.6 2.2
[CJ] Man. of electrical equipment 245 100.1 −1.7 −0.9 0.9
[CK] Man. of machinery and equipment n.e.c. 402 110.5 1.7 −4.3 2.6
(C4): Man. of transport equipment 1265 115.2 −18.7 12.9 4.2
of which Exports 617 127.3 −28.1 35.6 12.2
[CL1] Man. of motor vehicles, trailers and semi-trailers 702 102.8 −0.6 −0.3 1.9
[CL2] Man. of other transport equipment 562 130.6 −31.0 24.0 6.2
(C5): Other manufacturing 3881 106.1 −0.3 −0.8 1.8
of which Exports 1237 109.0 −0.1 −3.5 2.5
[CB] Man. of textiles, wearing apparel, leather and related products 188 109.5 1.1 −5.0 0.5
[CC] Man. of wood and paper products; printing and reproduction of recorded media 436 96.2 −1.2 −1.8 1.0
[CE] Man. of chemicals and chemical products 745 103.9 0.1 −0.7 2.8
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 304 113.9 3.3 −1.3 2.5
[CG] Man. of rubber and plastics products, and other non-metallic mineral products 629 102.9 −1.0 −2.0 1.5
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 926 102.9 0.0 −0.1 2.2
[CM] Other manufacturing; repair and installation of machinery and equipment 653 118.0 −1.9 1.3 1.1
DE: Mining and quarrying; energy, water supply, sewerage, waste management 1654 121.3 −1.2 0.9 3.6
[BZ] Mining and quarrying 70 91.6 −6.1 2.2 4.5
[DZ] Electricity, gas, steam and air-conditioning supply 1205 125.1 −0.2 1.2 3.4
[EZ] Water supply; sewerage, waste management and remediation 379 114.7 −3.9 −0.4 4.0
FZ: CONSTRUCTION 10000 107.0 1.5 −0.7 1.5
  • ** 10000=B...E and F
  • (1) Quarter-on-quarter: last three months / previous three months
  • Source: INSEE

Table3 – Revisions of variations

(in point %)
Revisions of variations
Dec./ Nov. Nov./ Oct. Oct./ Sept. Q4 2016/ Q3 2016 2016/ 2015
Industry (BE) 0.78 −0.09 −0.01 −0.10 0.02
raw serie 0.77 0.03 −0.03 −0.02 0.06
SA-WDA parameters 0.01 −0.12 0.02 −0.09 −0.04
Manufacturing industry (CZ) 0.13 0.19 −0.13 −0.13 −0.07
raw serie –0.05 0.04 −0.03 −0.02 −0.02
SA-WDA parameters 0.18 0.16 −0.10 −0.11 −0.05
  • How to read it: in the manufacturing industry, the SA-WDA variation between November and December 2016 is revised by +0.13 points: −0.05 points are due to the raw series' revision and +0.18 points to the new calculation of the SA-WDA.
  • Source: INSEE