In March 2017, manufacturing output bounced back sharply (+2.5%)Industrial production index - March 2017

In March 2017, output bounced back sharply in the manufacturing industry (+2.5% after −0.7% in February), as well as in the whole industry (+2.0% after −1.7%).

Informations rapides
No 124
Paru le : 10/05/2017
Prochaine parution le : 07/07/2017 at 08:45 - May 2017

Please note: all the series are seasonally (SA) and working-day adjusted (WDA) and SA-WDA models have been updated for this publication.

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 March 2017, output bounced back sharply in the manufacturing industry (+2.5% after −0.7% in February), as well as in the whole industry (+2.0% after −1.7%).

Manufacturing output decreased slightly over the first quarter of 2017 (−0.3%)

Over the first quarter of 2017, output went down slightly in the manufacturing industry (−0.3% q-o-q) and decreased in the overall industry (−0.5% q-o-q).

Output decreased in mining and quarrying, energy, water supply (−2.0%) and tumbled in the manufacture of coke and refined petroleum products (−13.6%). To a lesser extent, it also went down in the manufacture of machinery and equipment goods (−0.7%), in “other manufacturing” (−0.2%) and in the manufacture of food products and beverages (−0.4%). Conversely, it increased in the manufacture of transport equipment (+0.5%).

Over a year, manufacturing output went up (+0.6%)

Manufacturing output of the first quarter of 2017 increased compared to the same quarter of 2016 (+0.6% y-o-y). It also went up in the whole industry (+0.4% y-o-y).

Over a year, output grew in the manufacture of transport equipment (+2.7%), in “other manufacturing” (+0.5%) and in the manufacture of machinery and equipment goods (+1.7%). By contrast, it decreased in the manufacture of food products and beverages (−1.5%) and in mining and quarrying, energy, water supply (−0.8%). It tumbled in the manufacture of coke and refined petroleum products (−5.3%).

Graphique1a – Monthly Industrial Production Indices

  • Legend: CZ: Manufacturing - (C1): Manufacture of food products and beverages - (C3): Machinery and equipment goods - (C4): Manufacture of transport equipment - (C5): Other manufacturing
  • Sources: INSEE, SSP, SOeS

Tableau1a – Variation in the Industrial Production

2010 based, SA-WDA changes in %
Variation in the Industrial Production
NA : A10, (A17) March / Feb. Feb. / Jan. Q-o-Q change (1) Year-on-year change (2)
BE: INDUSTRY 2.0 –1.7 –0.5 0.4
CZ: Manufacturing 2.5 –0.7 –0.3 0.6
(C1): Manufacture of food products and beverages 0.8 1.2 –0.4 –1.5
(C2): Manufacture of coke and refined petroleum products –3.2 –5.1 –13.6 –5.3
(C3): Machinery and equipment goods 4.8 –1.6 –0.7 1.7
(C4): Manufacture of transport equipment 5.2 –2.5 0.5 2.7
(C5): Other manufacturing 1.8 –0.5 –0.2 0.5
DE: Mining and quarrying; energy; water supply; waste management –1.6 –7.8 –2.0 –0.8
FZ: CONSTRUCTION –5.1 5.4 –0.9 2.9
  • (1) Last three months / previous three months
  • (2) Last three months / same three months of previous year
  • The codes correspond to the level of aggregation A 10 (A 17) of the "NA" aggregated classification based on the French classification of activities NAF rev.2.
  • Sources: INSEE, SSP, SOeS

Tableau2a – Variation in the Industrial Production

2010 based, SA-WDA changes in %
Variation in the Industrial Production
NA : A10, (A17), [A38 or A64] March 2017 March / Feb. Feb. / Jan. Quarter-on-quarter change
BE: INDUSTRY 102.3 2.0 –1.7 –0.5
CZ: Manufacturing 103.9 2.5 –0.7 –0.3
(C1): Man. of food products and beverages 101.1 0.8 1.2 –0.4
(C2): Man. of coke and refined petroleum products 78.0 –3.2 –5.1 –13.6
(C3): Machinery and equipment goods 103.8 4.8 –1.6 –0.7
[CI] Man. of computer, electronic and optical products 108.0 0.5 –0.9 3.8
[CJ] Man. of electrical equipment 88.6 –0.7 2.4 –2.6
[CK] Man. of machinery and equipment n.e.c. (1) 108.4 12.5 –4.5 –4.1
(C4): Man. of transport equipment 116.9 5.2 –2.5 0.5
[CL1] Man. of motor vehicles, trailers and semi-trailers 106.1 3.2 –1.6 –1.4
[CL2] Man. of other transport equipment 127.7 6.9 –3.3 2.1
(C5): Other manufacturing 102.5 1.8 –0.5 –0.2
[CB] Man. of textiles, wearing apparel, leather and related products 87.9 5.3 –5.5 –3.7
[CC] Man. of wood and paper products; printing and reproduction of recorded media 86.0 –0.1 1.9 0.5
[CE] Man. of chemicals and chemical products 123.3 4.4 –1.1 0.6
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 111.9 –0.2 –6.0 –1.7
[CG] Man. of rubber and plastics products, and other non-metallic mineral products 101.0 0.7 3.5 0.6
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 97.5 1.4 0.6 0.5
[CM] Other manufacturing; repair and installation of machinery and equipment 101.5 2.5 –0.6 –0.5
DE: Mining and quarrying; energy; water supply; waste management 91.8 –1.6 –7.8 –2.0
[BZ] Mining and quarrying 96.8 –4.8 22.4 –1.9
[DZ] Electricity, gas, steam and air-conditioning supply 89.9 –1.1 –10.9 –2.5
[EZ] Water supply; sewerage, waste management and remediation 103.4 –2.9 –0.3 1.7
FZ: CONSTRUCTION 86.9 –5.1 5.4 –0.9
MIGs (2)
Capital goods 107.6 4.7 –1.4 0.1
Intermediate goods 100.6 1.1 1.6 –0.3
Consumer durables 108.4 4.1 –1.7 1.5
Consumer non-durables 103.9 1.0 –1.7 –0.7
Energy 90.3 –1.4 –9.5 –2.7
  • (1) n.e.c. : not elsewhere classifiable
  • (2) Main industrial groupings: definition in the Commission regulation (EC) No 656/2007 of 14 June 2007
  • Sources: INSEE, SSP, SOeS

In March, output bounced back in “other manufacturing” (+1.8% after −0.5%)

Output bounced back in chemicals (+4.4%) and “in other manufacturing; repair and installation of machinery and equipment” (+2.5%). It accelerated in the manufacture of basic metals and fabricated metal products, except machinery and equipment (+1.4%) and recovered sharply in textiles, clothing and footwear (+5.3%). It grew again in the manufacture of rubber and plastics products and other non-metallic mineral products (+0.7%).

Output rallied strongly in the manufacture of machinery and equipment goods (+4.8% after −1.6%)

Output surged in the manufacture of machinery and equipment n.e.c. (+12.5% after −4.5%) and also picked up in the manufacture of computer, electronic and optical products (+0.5% after −0.9%). By contrast, it slipped back in the manufacture of electrical equipment (−0.7% after +2.4%).

Output picked up sharply in the manufacture of transport equipment (+5.2% after −2.5%)

Output rebounded strongly in the manufacture of other transport equipment (+6.9% after −3.3%) and in the manufacture of motor vehicles, trailers and semi-trailers (+3.2% after −1.6%).

Output kept growing in the manufacture of food products and beverages (+0.8% after +1.2%)

Output went up again in the manufacture of food products and beverages (+0.8% after +1.2%) because of sustained growth in the “manufacture of other food products”.

Output continued to decline in mining and quarrying, energy, water supply, waste management (−1.6% after −7.8%)

Output dropped again in electricity, gas, steam and air-conditioning supply (−1.1% after −10.9%) because of exceptionally mild temperatures in March.

Output fell sharply again in the manufacture of coke and refined petroleum products (−3.2% after −5.1%)

Output continued to decline sharply in the manufacture of coke and refined petroleum products (−3.2% after −5.1%).

Tableau3a – Revision of variations

(in percentage point)
Revision of variations
Feb. / Jan. Jan. / Dec. Dec. / Nov. Q4 2016 / Q3 2016 2016 / 2015
Industry (BE) –0.13 0.24 –0.29 0.17 0.09
raw serie –0.08 0.08 –0.25 0.07 0.09
SA-WDA parameters –0.05 0.16 –0.04 0.10 0.00
Manufacturing (CZ) –0.17 0.22 –0.32 0.20 0.10
raw serie –0.13 0.07 –0.28 0.07 0.11
SA-WDA parameters –0.04 0.15 –0.04 0.13 –0.01
  • How to read it: in the manufacturing sector, the SA-WDA variation between February 2017 and January 2017 is revised by −0.17 points, −0.13 points are due to the revision of the raw series and −0.04 points to the updating of the SA-WDA parameters.
  • Sources: INSEE, SSP, SOeS