31 May 2017
2017- n° 147In 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%).
- Sharp increase over the first quarter (+1.1%)
- Strong growth compared to the previous year (+5.5%)
- Sharp rise in transport equipment again (+10.7%)
- Further increase in “other manufacturing” (+2.6%)
- Rebound in machinery and equipment (+2.0%)
- Downturn in coke and refined petroleum products (−2.4%)
- Slight downturn in food products and beverages (−0.2%)
- Revisions
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%).
graphiqueGraph1 – Turnover in manufacturing industry

- Sources: DGFiP, INSEE
tableauTable1 – 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.
tableauTable2 – 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
tableauTable3 – 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
Documentation
Methodology (pdf,140 Ko)
Pour en savoir plus
Time series : Turnover indices (VAT)