In February 2017, the turnover recovered in the manufacturing industry (+1.7%)Turnover in industry and construction - February 2017

In February 2017, the turnover bounced back in the manufacturing industry (+1.7% after −3.3% in January). The turnover of export sales rose modestly (+0.4 %) after a very large decline in January (−9.0%).

In industry as a whole, the turnover recovered as well (+2.8% after −2.3%).

Informations rapides
No 118
Paru le : 28/04/2017
Prochaine parution le : 29/09/2017 at 12:00 - July 2017

The commentary shows variations of subsections by decreasing contribution to the overall evolution. The contribution of a subsection depends on the extent of the change and on its weight.

In February 2017, the turnover bounced back in the manufacturing industry (+1.7% after −3.3% in January). The turnover of export sales rose modestly (+0.4 %) after a very large decline in January (−9.0%).

In industry as a whole, the turnover recovered as well (+2.8% after −2.3%).

Increase over the last three months (+1.5%)

Over the last three months, the turnover rose steeply in the manufacturing industry (+1.5% compared to the previous three months) as well as in industry as a whole (+2.6%). It grew in most sectors of the manufacturing industry: “other manufacturing” (+1.0%), manufacture of transport equipment (+2.7%), manufacture of coke and refined petroleum products (+9.2%), machinery and equipment goods (+1.0%). It was steady in the manufacture of food products and beverages.

Sharp growth over a year (+4.2%)

Over one year, the turnover of the last three months grew sharply in the manufacturing industry (+4.2%). The growth was even more marked in industry as a whole (+6.3%), thanks to a sharp increase in the mining and quarrying, energy, water supply, waste management sector (+16.1%). Over this period, the turnover rose in every main sector of the manufacturing industry. The increase was particulary strong in the manufacture of transport equipment (+11.7%) and the manufacture of coke and refined petroleum products (+21.6%). It was more moderate in the “other manufacturing” (+1.7%), the manufacture of food products and beverages (+1.8%) and the machinery and equipment industry (+1.6%).

Graph1 – Turnover in manufacturing industry

  • Sources: DGFiP, 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* Feb./ Jan. Jan./ Dec. q-o-q (1) y-o-y (2)
BE: INDUSTRY 10000 2.8 −2.3 2.6 6.3
CZ: MANUFACTURING INDUSTRY 8346 1.7 −3.3 1.5 4.2
Of which Exports 2677 0.4 −9.0 3.5 6.0
(C1): Manufacture of food products and beverages 1685 1.0 1.1 0.0 1.8
(C2): Manufacture of coke and refined petroleum products 561 3.3 2.9 9.2 21.6
(C3): Machinery and equipment goods 953 −0.8 1.5 1.0 1.6
(C4): Manufacture of transport equipment 1265 7.1 −18.1 2.7 11.7
(C5): Other manufacturing 3881 0.7 −0.7 1.0 1.7
DE: Mining and quarrying; energy; water supply; waste management 1654 7.4 1.9 7.9 16.1
FZ: CONSTRUCTION 10000 −0.5 1.5 0.8 2.7
  • **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 french aggregated classification of activities (NA 2008).
  • Sources: DGFiP, INSEE

Rebound in transport equipment (+7.1%)

The turnover in the manufacture of transport equipment recovered sharply in February 2017 (+7.1% after −18.1% in January). This rebound was due to the the manufacture of other transport equipment (+13.6% after −30.1%), while the manufacture of motor vehicles changed little on the last two months (+0.4% after −0.6%). The turnover of export sales recovered slightly (+1.8%) after a slump in January (−27.9%).

Increase in “other manufacturing” (+0.7%)

In February, the turnover in “other manufacturing” recovered (+0.7% after −0.7% in January). It bounced back especially in the manufacture of rubber, plastics, and other non-metallic mineral products (+3.4% after −2.1%). The turnover rose in the manufacture of basic metals and fabricated metal products (+0.3% after a stability) and in the manufacture of chemicals and chemical products (+1.1% after −0.8%). Conversely, it fell back in pharmaceuticals (−0.2% after +3.1%) and in manufacture of textiles, wearing apparel, leather and related products (−0.7% after +0.5%). In “other manufacturing”, the export sales recovered modestly (+0.9% after −0.2%).

Further increase in food products and beverages (+1.0%)

In February, the turnover rose clearly again in the manufacture of food products and beverages (+1.0% after +1.1%), despite a downturn in export sales (−2.1% after +1.1%).

Coke and refined petroleum products continue to grow (+3.3%)

The turnover in the manufacture of coke and refined petroleum products rose sharply again in February (+3.3% after +2.9%).

Contraction in machinery and equipment (−0.8%)

The turnover in machinery and equipment fell back in February (−0.8% after +1.5%). It shrank sharply in the manufacture of computer, electronic and optical products (−1.9% after +3.3%) and fell again in the manufacture of electrical equipment (−1.2% as in January). Conversely, it rose again a little in the manufacture of other machinery and equipment (+0.2% after +1.7%). In machinery and equipment, export sales for fell back slightly (−0.3% after +0.5%).

Revisions

In the manufacturing industry, the variation in turnover is unchanged at −3.3% for January 2017. It has been raised by 0.6 points in industry as a whole, to −2.3% instead of −2.9% previously because of the integration of late information in 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* Feb. 2017 Feb./ Jan. Jan./ Dec. q-o-q (1)
BE: INDUSTRY 10000 114.1 2.8 −2.3 2.6
CZ: MANUFACTURING INDUSTRY 8346 109.7 1.7 −3.3 1.5
of which Exports 2677 114.3 0.4 −9.0 3.5
(C1): Man. of food products and beverages 1685 116.5 1.0 1.1 0.0
of which Exports 285 117.9 −2.1 1.1 −0.4
(C2): Man. of coke and refined petroleum products 561 81.9 3.3 2.9 9.2
(C3): Machinery and equipment goods 953 106.8 −0.8 1.5 1.0
of which Exports 469 104.5 −0.3 0.5 0.8
[CI] Man. of computer, electronic and optical products 306 107.9 −1.9 3.3 3.6
[CJ] Man. of electrical equipment 245 98.9 −1.2 −1.2 −0.4
[CK] Man. of machinery and equipment n.e.c. 402 110.7 0.2 1.7 −0.1
(C4): Man. of transport equipment 1265 123.8 7.1 −18.1 2.7
of which Exports 617 130.0 1.8 −27.9 11.8
[CL1] Man. of motor vehicles, trailers and semi-trailers 702 103.1 0.4 −0.6 0.9
[CL2] Man. of other transport equipment 562 149.6 13.6 −30.1 4.1
(C5): Other manufacturing 3881 106.8 0.7 −0.7 1.0
of which Exports 1237 110.3 0.9 −0.2 0.2
[CB] Man. of textiles, wearing apparel, leather and related products 188 108.7 −0.7 0.5 −1.7
[CC] Man. of wood and paper products; printing and reproduction of recorded media 436 96.7 0.3 −1.1 −0.5
[CE] Man. of chemicals and chemical products 745 104.9 1.1 −0.8 2.1
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 304 114.0 −0.2 3.1 4.0
[CG] Man. of rubber and plastics products, and other non-metallic mineral products 629 106.0 3.4 −2.1 0.5
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 926 103.5 0.3 0.0 1.4
[CM] Other manufacturing; repair and installation of machinery and equipment 653 117.5 −0.7 −1.9 0.2
DE: Mining and quarrying; energy, water supply, sewerage, waste management 1654 136.3 7.4 1.9 7.9
[BZ] Mining and quarrying 70 98.9 6.9 −4.9 4.1
[DZ] Electricity, gas, steam and air-conditioning supply 1205 144.2 8.6 3.9 9.6
[EZ] Water supply; sewerage, waste management and remediation 379 118.2 3.2 −3.9 2.6
FZ: CONSTRUCTION 10000 106.4 −0.5 1.5 0.8
  • ** 10000=B...E and F
  • (1) Quarter-on-quarter: last three months / previous three months
  • Sources: DGFiP, INSEE

Table3 – Revision of variations

(in point %)
Revision of variations
Jan./ Dec. Dec./ Nov. Nov./ Oct. Q4 2016/ Q3 2016 2016/ 2015
Industry (BE) 0.58 0.13 0.11 0.23 0.02
raw serie 0.82 0.09 0.00 0.04 0.02
SA-WDA parameters −0.24 0.04 0.11 0.19 0.00
Manufacturing industry (CZ) 0.02 0.15 0.04 0.10 0.02
raw serie −0.02 0.11 0.00 0.05 0.02
SA-WDA parameters 0.05 0.04 0.05 0.05 0.00
  • How to read it: in the manufacturing, the SA-WDA variation between December 2016 and January 2017 is revised by +0.02 points: −0.02 points are due to the raw series' revision and +0.05 points to the new calculation of the SA-WDA parameters.
  • Sources: DGFiP, INSEE