In 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%).

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%).

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) 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.

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) 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

Table3 – Revision of variations

(in point %)
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