In March 2017, the turnover rose sharply in the manufacturing industry (+3.1%)Turnover in industry and construction - March 2017

In March 2017, the turnover rose sharply again in the manufacturing industry (+3.1% after +2.1%). The increase was even more marked in export sales (+4.9% after +1.5%).

In industry as a whole, the turnover also still increased (+2.2% after +2.4%).

Informations rapides
No 147
Paru le : 31/05/2017
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 March 2017, the turnover rose sharply again in the manufacturing industry (+3.1% after +2.1%). The increase was even more marked in export sales (+4.9% after +1.5%).

In industry as a whole, the turnover also still increased (+2.2% after +2.4%).

Sharp increase over the first quarter (+1.1%)

Over the first quarter, the turnover grew significantly in the manufacturing industry (+1.1%) and in industry as a whole (+1.8%). It rose in most sectors of the manufacturing industry: “other manufacturing” (+0.9%), manufacture of coke and refined petroleum products (+6.9%) buoyed by a fuel price increase, manufacture of food products and beverages (+0.9%) and machinery and equipment goods (+1.7%). Conversely, it fell back in the manufacture of transport equipment (−2.2%).

Strong growth compared to the previous year (+5.5%)

The turnover rose strongly compared with the first quarter of the previous year in the manufacturing industry (+5.5%). The growth was even sharper in industry as a whole (+7.4%), thanks to a strong increase in the mining and quarrying, energy, water supply, waste management sector (+16.2%). Over one year, the turnover rose in every main sector of the manufacturing industry, be it in the manufacture of transport equipment (+11.2%), “other manufacturing” (+3.5%), the manufacture of coke and refined petroleum products (+30.3%), the manufacture of food products and beverages (+2.7%) or the machinery and equipment industry (+2.6%).

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** Mar./ Feb. Feb./ Jan. q-o-q (1) y-o-y (2)
BE: INDUSTRY 10000 2.2 2.4 1.8 7.4
CZ: MANUFACTURING INDUSTRY 8346 3.1 2.1 1.1 5.5
Of which Exports 2677 4.9 1.5 0.0 6.9
(C1): Manufacture of food products and beverages 1685 −0.2 0.9 0.9 2.7
(C2): Manufacture of coke and refined petroleum products 561 −2.4 3.1 6.9 30.3
(C3): Machinery and equipment goods 953 2.0 −0.8 1.7 2.6
(C4): Manufacture of transport equipment 1265 10.7 8.7 −2.2 11.2
(C5): Other manufacturing 3881 2.6 1.0 0.9 3.5
DE: Mining and quarrying; energy; water supply; waste management 1654 −1.8 3.4 4.9 16.2
FZ: CONSTRUCTION 10000 2.6 −0.5 2.2 4.8
  • ** 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 activites (NA 2008).
  • Sources: DGFiP, INSEE

Sharp rise in transport equipment again (+10.7%)

In March, the turnover in the manufacture of transport equipment rose again sharply (+10.7% after +8.7% in February). This strong increase was driven mainly by the the manufacture of other transport equipment (+18.3% after +17.0%). The turnover in the manufacture of motor vehicles rose more moderatly (+1.6% after +0.2%). The increase in the manufacture of other transport equipment was particularly marked for export sales (+15.2% after +5.7%).

Further increase in “other manufacturing” (+2.6%)

The turnover in “other manufacturing” grew again in March (+2.6% after +1.0% in February). It rose again in the manufacture of basic metals and fabricated metal products (+4.7%), in the manufacture of chemicals and chemical products (+4.3%), and in the manufacture of rubber, plastics, and other non-metallic mineral products (+2.3%). It rebounded in “other manufacturing” (+2.6% after −0.5%). Conversely, it slumped in pharmaceuticals (−5.0% after −0.2%). In “other manufacturing”, the export sales rose again (+1.6% after +1.1% ).

Rebound in machinery and equipment (+2.0%)

The turnover in machinery and equipment bounced back in March (+2.0% after −0.8%) as a result of a rebound in all subsectors: manufacture of machinery and equipment n.e.c. (+2.2% after −0.1%), manufacture of computer, electronic and optical products (+2.6% after −1.2%) and manufacture of electrical equipment (+0.8% after −1.4%). Export sales recovered as well for the whole machinery and equipment sector (+1.1% after −0.4%).

Downturn in coke and refined petroleum products (−2.4%)

In March, the turnover fell back in the manufacture of coke and refined petroleum products (−2.4% after +3.1% in February).

Slight downturn in food products and beverages (−0.2%)

In March, the turnover fell back slightly in the manufacture of food products and beverages (−0.2% after +0.9%). However, export sales bounced back (+1.0% after −2.5%).

Revisions

In the manufacturing industry, the variation in turnover in February 2017 has been raised by 0.4 points, to +2.1% instead of +1.7% mainly due to the updating of SA-WDA parameters. It has been lowered by 0.4 points in industry as a whole, to +2.4% instead of +2.8% above all because of the revision in the raw series.

Table2 – Indexes of turnover in industry and construction

SA-WDA. based year 2010
Indexes of turnover in industry and construction
Change in %
Industries: Weight* Mar. 2017 Mar. Feb. Feb./ Jan. q-o-q (1)
BE: INDUSTRY 10000 116.3 2.2 2.4 1.8
CZ: MANUFACTURING INDUSTRY 8346 113.8 3.1 2.1 1.1
of which Exports 2677 121.9 4.9 1.5 0.0
(C1): Man. of food products and beverages 1685 116.5 −0.2 0.9 0.9
of which Exports 285 119.3 1.0 −2.5 0.0
(C2): Man. of coke and refined petroleum products 561 80.0 −2.4 3.1 6.9
(C3): Machinery and equipment goods 953 109.1 2.0 −0.8 1.7
of which Exports 469 106.4 1.1 −0.4 1.2
[CI] Man. of computer, electronic and optical products 306 111.7 2.6 −1.2 4.9
[CJ] Man. of electrical equipment 245 99.6 0.8 −1.4 −1.6
[CK] Man. of machinery and equipment n.e.c. 402 112.9 2.2 −0.1 1.3
(C4): Man. of transport equipment 1265 139.6 10.7 8.7 −2.2
of which Exports 617 157.9 15.2 5.7 −1.6
[CL1] Man. of motor vehicles, trailers and semi-trailers 702 105.2 1.6 0.2 0.6
[CL2] Man. of other transport equipment 562 182.6 18.3 17.0 −4.5
(C5): Other manufacturing 3881 110.4 2.6 1.0 1.8
of which Exports 1237 112.7 1.6 1.1 0.9
[CB] Man. of textiles. wearing apparel, leather and related products 188 111.4 1.9 −0.3 −0.9
[CC] Man. of wood and paper products; printing and reproduction of recorded media 436 98.4 1.4 0.4 −0.3
[CE] Man. of chemicals and chemical products 745 110.1 4.3 1.1 3.0
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 304 108.3 −5.0 −0.2 2.2
[CG] Man. of rubber and plastics products, and other non-metallic mineral products 629 109.4 2.3 3.6 2.2
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 926 109.8 4.7 1.1 3.2
[CM] Other manufacturing; repair and installation of machinery and equipment 653 121.1 2.6 −0.5 0.1
DE: Mining and quarrying; energy, water supply, sewerage, waste management 1654 128.4 −1.8 3.4 4.9
[BZ] Mining and quarrying 70 98.3 −0.9 6.6 2.0
[DZ] Electricity, gas, steam and air-conditioning supply 1205 131.4 −3.6 3.4 5.9
[EZ] Water supply; sewerage, waste management and remediation 379 124.5 4.8 3.0 1.9
FZ: CONSTRUCTION 10000 109.7 2.6 −0.5 2.2
  • ** 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
Feb./ Jan. Jan./ Dec. Dec./ Nov. Q4 2016/ Q3 2016 2016/ 2015
Industry (BE) −0.44 −0.05 0.05 0.21 0.01
raw series −0.81 0.00 0.01 0.02 0.00
SA-WDA parameters. 0.37 −0.05 0.04 0.19 0.01
Manufacturing industry (CZ) 0.39 0.21 −0.17 0.15 0.01
raw series 0.14 0.00 0.01 0.02 0.01
SA-WDA parameters. 0.25 0.21 −0.18 0.13 0.00
  • How to read it: in manufacturing, the SA-WDA variation between January and February 2017 is revised by +0.39 points: +0.14 points are due to the raw series' revision and +0.25 to the new calculation of the SA-WDA parameters.

Sources: DGFiP, INSEE