31 August 2017
2017- n° 231In June 2017, the turnover in the manufacturing industry fell back (−2,5%) Turnover in industry and construction - June 2017
In June 2017, the turnover slipped back in the manufacturing industry (–2.5% after +4.4% in May). The downturn was less marked in export sales (−0.9% after +4.9%).
In industry as a whole, the turnover also fell back (−1.9% after +3.4%).
- Increase over the second quarter (+0.7%)
- Sharp growth compared to the previous year (+6.6%)
- Sharp downturn in transport equipment (−8.2%)
- Decrease in “other manufacturing” (−1.0%)
- Downturn in food products and beverages (−1.9%)
- Contraction in machinery and equipment (−1.4%)
- Slight increase in coke and refined petroleum products (+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 June 2017, the turnover slipped back in the manufacturing industry (–2.5% after +4.4% in May). The downturn was less marked in export sales (−0.9% after +4.9%).
In industry as a whole, the turnover also fell back (−1.9% after +3.4%).
Increase over the second quarter (+0.7%)
Over the second quarter, the turnover rose in the manufacturing industry (+0.7%) as well as in the industry as a whole (+0.5%). In the manufacturing industry, the turnover increased in “other manufacturing” (+1.3%), in the manufacture of food products and beverages (+1.4%) and in the manufacture of transport equipment (+1.1%). Conversely, it shrank sharply in the manufacture of coke and refined petroleum products (−6.9%). It was stable in the machinery and equipment goods.
Sharp growth compared to the previous year (+6.6%)
The turnover advanced sharply from the same quarter of the previous year in the manufacturing industry (+6.6%). The growth was even more marked in industry as a whole (+7.6%) as a result of the strong increase in mining and quarrying, energy, water supply, waste management (+12.8%). Over this period, the turnover rose in every main sectors of the manufacturing industry − “other manufacturing” (+6.2%), the manufacture of food products and beverages (+5.6%), the manufacture of transport equipment (+6.8%), the manufacture of coke and refined petroleum products (+22.0%) and the machinery and equipment sector (+3.6%).
graphiqueGraph1 – Turnover in manufacturing industry
tableauTable1 – Variation of the turnover in industry and construction
Change in % | |||||
---|---|---|---|---|---|
NA : A 10, (A 17) | Weight(1) | June/ May | May/ Apr. | q-o-q (2) | y-o-y (3) |
BE: INDUSTRY | 10000 | −1.9 | 3.4 | 0.5 | 7.6 |
CZ: MANUFACTURING INDUSTRY | 8346 | −2.5 | 4.4 | 0.7 | 6.6 |
Of which Exports | 2677 | −0.9 | 4.9 | 0.1 | 8.5 |
(C1): Manufacture of food products and beverages | 1685 | −1.9 | 2.3 | 1.4 | 5.6 |
(C2): Manufacture of coke and refined petroleum products | 561 | 0.2 | −2.8 | −6.9 | 22.0 |
(C3): Machinery and equipment goods | 953 | −1.4 | 2.0 | 0.0 | 3.6 |
(C4): Manufacture of transport equipment | 1265 | −8.2 | 12.1 | 1.1 | 6.8 |
(C5): Other manufacturing | 3881 | −1.0 | 4.0 | 1.3 | 6.2 |
DE: Mining and quarrying; energy; water supply; waste management | 1654 | 0.9 | −0.8 | −0.3 | 12.8 |
FZ: CONSTRUCTION | 10000 | −0.1 | 4.3 | 2.2 | 7.6 |
- (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 previous year.
- Sources: DGFiP, INSEE
Sharp downturn in transport equipment (−8.2%)
In June, the turnover in the manufacture of transport equipment fell back sharply (−8.2% after +12.1% in May). It shrank strongly in the manufacture of other transport equipment (−12.0% after +14.3%) and the manufacture of motor vehicles, trailers and semi-trailers (−3.5% after +9.5%). The downturn was also marked in export sales (−3.1% after +10.8%).
Decrease in “other manufacturing” (−1.0%)
The turnover in “other manufacturing” fell back in June (−1.0%) after a rebound in May (+4.0%). It shrank sharply in the manufacture of basic metals and fabricated metal products, except machinery and equipement (−3.6% after +9.0%) and to a lesser extent in the manufacture of rubber and plastic products (−1.0 after +3.3%) and in other manufacturing, repair and installation of machinery and equipment (−0.4% after +1.6%). Conversely, It rose again in the manufacture of basic pharmaceutical products and pharmaceutical preparations (+1.0% after +4.1%) and in the manufacture of chemicals and chemical products (+0.4% after +1.5%). The export sales in “other manufacturing” grew slightly (+0.5% after +3.1%).
Downturn in food products and beverages (−1.9%)
In June, the turnover in the manufacture of food products and beverages shrank (−1.9% after +2.3%). Export sales also fell back (−2.8% after +4.8%).
Contraction in machinery and equipment (−1.4%)
The turnover in machinery and equipment fell back in June (−1.4% after +2.0%). It slipped back mainly in manufacture of machinery and equipment n.e.c. (−1.9% after +2.7%) and in manufacture of computer, electronic and optical products (−2.1% after +0.8%). However, it rose slightly in the manufacture of electrical equipment (+0.2% after +2.4%). The export sales in machinery and equipment shrank (−1.3% after +0.3%).
Slight increase in coke and refined petroleum products (+0.2%)
The turnover in the manufacture of coke and refined petroleum products recovered slightly in June (+0.2% after −2.8% in May).
Revisions
The variation in the turnover index in May 2017 is unchanged, both in the manufacturing industry and in industry as a whole. The adjustment of SA-WDA parameters offsets the raw series' variation.
The variation of the raw serie was due in particular to the integration of late or rectified declarations.
tableauTable2 – Indexes of turnover in industry and construction
Change in % | |||||
---|---|---|---|---|---|
Industries: | Weight (1) | June 2017 | June May | May/ Apr. | q-o-q (2) |
BE: INDUSTRY | 10000 | 114.6 | −1.9 | 3.4 | 0.5 |
CZ: MANUFACTURING INDUSTRY | 8346 | 111.7 | −2.5 | 4.4 | 0.7 |
of which Exports | 2677 | 119.8 | −0.9 | 4.9 | 0.1 |
(C1): Man. of food products and beverages | 1685 | 117.7 | −1.9 | 2.3 | 1.4 |
of which Exports | 285 | 126.9 | −2.8 | 4.8 | 4.5 |
(C2): Man. of coke and refined petroleum products | 561 | 77.3 | 0.2 | −2.8 | −6.9 |
(C3): Machinery and equipment goods | 953 | 108.1 | −1.4 | 2.0 | 0.0 |
of which Exports | 469 | 106.5 | −1.3 | 0.3 | 0.7 |
[CI] Man. of computer, electronic and optical products | 306 | 104.2 | −2.1 | 0.8 | −3.7 |
[CJ] Man. of electrical equipment | 245 | 103.8 | 0.2 | 2.4 | 1.9 |
[CK] Man. of machinery and equipment n.e.c. | 402 | 113.8 | −1.9 | 2.7 | 1.7 |
(C4): Man. of transport equipment | 1265 | 125.0 | −8.2 | 12.1 | 1.1 |
of which Exports | 617 | 137.0 | −3.1 | 10.8 | −4.2 |
[CL1] Man. of motor vehicles, trailers and semi-trailers | 702 | 107.0 | −3.5 | 9.5 | 1.3 |
[CL2] Man. of other transport equipment | 562 | 147.4 | −12.0 | 14.3 | 1.0 |
(C5): Other manufacturing | 3881 | 110.7 | −1.0 | 4.0 | 1.3 |
of which Exports | 1237 | 116.3 | 0.5 | 3.1 | 1.8 |
[CB] Man. of textiles, wearing apparel, leather and related products | 188 | 113.4 | −0.4 | 3.4 | 1.9 |
[CC] Man. of wood and paper products; printing and reproduction of recorded media | 436 | 100.6 | 0.1 | 2.7 | 1.6 |
[CE] Man. of chemicals and chemical products | 745 | 108.7 | 0.4 | 1.5 | 1.0 |
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations | 304 | 117.8 | 1.0 | 4.1 | 1.5 |
[CG] Man. of rubber and plastics products, and other non-metallic mineral products | 629 | 108.2 | −1.0 | 3.3 | 0.9 |
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment | 926 | 109.1 | −3.6 | 9.0 | 2.0 |
[CM] Other manufacturing; repair and installation of machinery and equipment | 653 | 120.2 | −0.4 | 1.6 | 0.5 |
DE: Mining and quarrying; energy, water supply, sewerage, waste management | 1654 | 128.9 | 0.9 | −0.8 | −0.3 |
[BZ] Mining and quarrying | 70 | 94.2 | 0.3 | −1.5 | −2.1 |
[DZ] Electricity, gas, steam and air-conditioning supply | 1205 | 134.9 | 1.4 | −0.9 | 0.3 |
[EZ] Water supply; sewerage, waste management and remediation | 379 | 116.2 | −0.8 | −0.3 | −2.1 |
FZ: CONSTRUCTION | 10000 | 112.7 | −0.1 | 4.3 | 2.2 |
- (1) 10000=B...E and F
- (2) Quarter-on-quarter: last three months / previous three months
- Sources: DGFiP, INSEE
tableauTable3 – Revision of variations
May/ Apr. | Apr./ Mar. | Mar./ Feb. | Q1 2017/ Q4 2016 | 2016/ 2015 | |
---|---|---|---|---|---|
Industry (BE) | 0.01 | 0.37 | −0.60 | 0.17 | −0.05 |
raw serie | 0.90 | −0.01 | −0.36 | 0.13 | 0.00 |
SA-WDA parameters | -0.89 | 0.38 | −0.24 | 0.04 | −0.05 |
Manufacturing industry (CZ) | 0.02 | 0.44 | −0.71 | 0.17 | −0.06 |
raw serie | 1.15 | −0.03 | −0.52 | 0.17 | 0.00 |
SA-WDA parameters | −1.13 | 0.47 | −0.19 | 0.00 | −0.06 |
- How to read it: in the manufacturing, the SA-WDA variation between April and May 2017 is revised by 0.02 points: 1.15 points are due to the raw series' revision and -1,13 to the update of SA-WDA parameters.
- Sources: DGFiP, INSEE
Documentation
Methodology (pdf,140 Ko)
Pour en savoir plus
Time series : Turnover indices (VAT)