28 July 2017
2017- n° 205In 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%).
- Increase over the first quarter (+2.2%)
- Strong growth compared to the previous year (+7.1%)
- Sharp rebound in transport equipment (+12.0%)
- Recovery in “other manufacturing” (+3.9%)
- Increase in food products and beverages (+2.4%)
- Rebound in machinery and equipment (+2.4%)
- Further decrease in coke and refined petroleum products (−2.8%)
- 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 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%).
graphiqueGraph1 – Turnover in manufacturing industry
tableauTable1 – 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.
tableauTable2 – 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
tableauTable3 – 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
Documentation
Methodology (pdf,140 Ko)
Pour en savoir plus
Time series : Turnover indices (VAT)