In May 2017, the turnover recovered sharply in the manufacturing industry (+4.4%)Turnover in industry and construction - May 2017

In May 2017, the turnover recovered sharply in the manufacturing industry (+4.4% after −4.3% in April). The rebound was also marked in export sales (+4.3% after −6.6%).

In industry as a whole, the turnover also rebounded (+3.4% after −3.5%).

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 May 2017, the turnover recovered sharply in the manufacturing industry (+4.4% after −4.3% in April). The rebound was also marked in export sales (+4.3% after −6.6%).

In industry as a whole, the turnover also rebounded (+3.4% after −3.5%).

Increase over the first quarter (+2.2%)

Over the last three months, the turnover rose in the manufacturing industry (+2.2%) as well as in the industry as a whole (+1.9%). In the manufacturing industry, the turnover increased in nearly all major sectors: “other manufacturing” (+2.4%), manufacture of transport equipment (+3.2%), manufacture of food products and beverages (+2.1%), machinery and equipment goods (+1.8%). However, it fell in manufacture of coke and refined petroleum products (−1.3%).

Strong growth compared to the previous year (+7.1%)

The turnover grew very sharply from the same three months of the previous year in the manufacturing industry (+7.1%). The growth was still more marked in industry as a whole (+8.2%) as a result of the strong increase in mining and quarrying, energy, water supply, waste management (+13.2%). Over this period, the turnover rose in every main sector of the manufacturing industry − “other manufacturing” (+5.9%), the manufacture of transport equipment (+10.9%), the manufacture of food products and beverages (+5.1%), the manufacture of coke and refined petroleum products (+21.5%) and the machinery and equipment industry (+4.4%).

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 (1) May/ Apr. Apr./ Mar. q-o-q (2) y-o-y (3)
BE: INDUSTRY 10000 3.4 −3.5 1.9 8.2
CZ: MANUFACTURING INDUSTRY 8346 4.4 −4.3 2.2 7.1
Of which Exports 2677 4.3 −6.6 1.1 9.8
(C1): Manufacture of food products and beverages 1685 2.4 −0.1 2.1 5.1
(C2): Manufacture of coke and refined petroleum products 561 −2.8 −1.0 −1.3 21.5
(C3): Machinery and equipment goods 953 2.4 −2.0 1.8 4.4
(C4): Manufacture of transport equipment 1265 12.0 −14.2 3.2 10.9
(C5): Other manufacturing 3881 3.9 −3.1 2.4 5.9
DE: Mining and quarrying; energy; water supply; waste management 1654 −0.8 0.1 0.7 13.2
FZ: CONSTRUCTION 10000 4.1 −2.2 2.9 6.3
  • (1) 10000=B...E and F
  • (2) Quarter-on-quarter: last three months / previous three months.
  • (3) Year-on-year: last three months / same three months of the previous year.
  • Sources: DGFiP, INSEE

Sharp rebound in transport equipment (+12.0%)

In May, the turnover in the manufacture of transport equipment recovered sharply (+12.0%) after a steep fall in April (−14.2%). This rebound was driven by both manufacture of other transport equipment (+14.2% after −21.0%) and the manufacture of motor vehicles, trailers and semi-trailers (+9.5% after −5.1%). The increase was also marked in export sales (+8.4% after −19.2%).

Recovery in “other manufacturing” (+3.9%)

The turnover in “other manufacturing” recovered in May (+3.9%) after a downturn in April (−3.1%). It rebounded in particular in the manufacture of basic metals and fabricated metal products, except machinery and equipement (+9.0% after −5.6%) and in the manufacture of rubber and plastic products (+3.4% after −3.8%). It accelerated in the manufacture of basic pharmaceutical products and pharmaceutical preparations (+4.0% after +0.8%). The export sales in “other manufacturing” (+3.0% after −2.0%) participated to the overall rebound.

Increase in food products and beverages (+2.4%)

The turnover rose in the manufacture of food products and beverages (+2.4%) after a virtual stability in April (−0.1%). It accelerated in export sales (+4.6% after +1.3%).

Rebound in machinery and equipment (+2.4%)

The turnover in machinery and equipment recovered in May (+2.4% after −2.0%). The rebound was due mainly to the manufacture of electrical equipment (+5.9% after −0.6%) but also to the manufacture of machinery and equipment n.e.c. (+1.5% after −1.0%) and to the manufacture of computer, electronic and optical products (+0.9% after −4.2%). The export sales picked up slightly (+0.6% after −0.7%).

Further decrease in coke and refined petroleum products (−2.8%)

In May, the turnover in the manufacture of coke and refined petroleum products fell again for the third consecutive month (−2.8% after −1.0% in April and −2.3% in March).

Revisions

The variation in the turnover index in April has been lowered by 0.3 points in the manufacturing industry, to −4.3% instead of −4.0% previously, and by 0.3 points in industry as a whole, to −3.5% instead of −3.2% previously.

Table2 – Indexes of turnover in industry and construction

SA-WDA, based year 2010
Indexes of turnover in industry and construction
Change in %
Industries: Weight (1) May 2017 May Apr. Apr./ Mar. q-o-q (2)
BE: INDUSTRY 10000 116.5 3.4 −3.5 1.9
CZ: MANUFACTURING INDUSTRY 8346 114.2 4.4 −4.3 2.2
of which Exports 2677 120.3 4.3 −6.6 1.1
(C1): Man. of food products and beverages 1685 120.0 2.4 −0.1 2.1
of which Exports 285 130.4 4.6 1.3 4.4
(C2): Man. of coke and refined petroleum products 561 76.0 −2.8 −1.0 −1.3
(C3): Machinery and equipment goods 953 110.3 2.4 −2.0 1.8
of which Exports 469 108.2 0.6 −0.7 2.4
[CI] Man. of computer, electronic and optical products 306 107.3 0.9 −4.2 −0.6
[CJ] Man. of electrical equipment 245 106.7 5.9 −0.6 2.2
[CK] Man. of machinery and equipment n.e.c. 402 114.9 1.5 −1.0 3.4
(C4): Man. of transport equipment 1265 134.6 12.0 −14.2 3.2
of which Exports 617 138.9 8.4 −19.2 −1.6
[CL1] Man. of motor vehicles, trailers and semi-trailers 702 111.0 9.5 −5.1 2.1
[CL2] Man. of other transport equipment 562 164.0 14.2 −21.0 4.1
(C5): Other manufacturing 3881 111.5 3.9 −3.1 2.4
of which Exports 1237 115.5 3.0 −2.0 2.6
[CB] Man. of textiles, wearing apparel, leather and related products 188 113.8 3.1 −1.2 2.0
[CC] Man. of wood and paper products; printing and reproduction of recorded media 436 100.4 2.7 −1.5 1.7
[CE] Man. of chemicals and chemical products 745 107.8 1.3 −3.4 2.7
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 304 116.2 4.0 0.8 −0.5
[CG] Man. of rubber and plastics products, and other non-metallic mineral products 629 109.3 3.4 −3.8 3.1
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 926 113.2 9.0 −5.6 4.6
[CM] Other manufacturing; repair and installation of machinery and equipment 653 120.1 1.2 −1.9 0.6
DE: Mining and quarrying; energy, water supply, sewerage, waste management 1654 127.9 −0.8 0.1 0.7
[BZ] Mining and quarrying 70 92.9 −2.1 −3.5 −1.0
[DZ] Electricity, gas, steam and air-conditioning supply 1205 133.1 −0.9 1.9 0.4
[EZ] Water supply; sewerage, waste management and remediation 379 117.6 −0.2 −5.3 1.7
FZ: CONSTRUCTION 10000 112.4 4.1 −2.2 2.9
  • (1) 10000=B...E and F
  • (2) Quarter-on-quarter: last three months / previous three months
  • Sources: DGFiP, INSEE

Table3 – Revision of variations

(in percentage point)
Revision of variations
Apr./ Mar. Mar./ Feb. Feb./ Jan. Q1 2017/ Q4 2016 2016/ 2015
Industry (BE) −0.36 −0.01 −0.02 0.03 0.01
raw serie −0.27 −0.02 −0.01 0.00 0.00
SA-WDA parameters −0.31 0.01 −0.01 0.03 0.01
Manufacturing industry (CZ) −0.31 0.00 0.02 0.06 0.01
raw serie −0.01 −0.03 0.00 0.00 0.00
SA-WDA parameters −0.30 0.03 0.02 0.06 0.01
  • How to read it: in the manufacturing, the SA-WDA variation between March and April 2017 is revised by -0.31 point: -0.01 point are due to the raw series' revision and -0,30 to the new calculation of the SA-WDA parameters.
  • Sources: DGFiP, INSEE