In July 2017, the turnover in the manufacturing industry recovered (+0.7%)Turnover in industry and construction - July 2017

In July 2017, the turnover recovered in the manufacturing industry (+0.7% after –2.5% in June) as well as in industry as a whole (+0.6% in July after −1.9%). It recovered in export sales as well.

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 July 2017, the turnover recovered in the manufacturing industry (+0.7% after –2.5% in June) as well as in industry as a whole (+0.6% in July after −1.9%). It recovered in export sales as well.

Rise over the last three months (+1.1%)

Over the last three months, the turnover rose in the manufacturing industry (+1.1%) as well as in the industry as a whole (+0.7%). In the manufacturing industry, the turnover grew sharply in “other manufacturing” (+1.9%) and, in the manufacture of transport equipment (+2.5%). It rose to a lesser extent in the manufacture of food products and beverages (+0.9%) and in the machinery and equipment goods (+0.2%). Conversely, it declined strongly in the manufacture of coke and refined petroleum products (−8.5%).

Strong increase compared to the previous year (+7.4%)

In the manufacturing industry, the turnover grew strongly from the same three months of the previous year (+7.4%). This increase was even more marked in industry as a whole (+8.3%) due to mining and quarrying, energy, water supply, waste management (+12.1%). Over this period, the turnover rose strongly in every main sectors of the manufacturing industry − “other manufacturing” (+7.5%), the manufacture of transport equipment (+9.6%), the manufacture of food products and beverages (+5.0%), the manufacture of coke and refined petroleum products (+16.8%) and the machinery and equipment sector (+5.0%).

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) July/ June June/ May q-o-q (2) y-o-y (3)
BE: INDUSTRY 10000 0.6 −1.9 0.7 8.3
CZ: MANUFACTURING INDUSTRY 8346 0.7 −2.5 1.1 7.4
Of which Exports 2677 0.6 −1.0 1.6 9.9
(C1): Manufacture of food products and beverages 1685 0.1 −1.9 0.9 5.0
(C2): Manufacture of coke and refined petroleum products 561 −2.7 −0.1 −8.5 16.8
(C3): Machinery and equipment goods 953 0.0 −1.6 0.2 5.0
(C4): Manufacture of transport equipment 1265 6.1 −8.2 2.5 9.6
(C5): Other manufacturing 3881 −0.6 −0.9 1.9 7.5
DE: Mining and quarrying; energy; water supply; waste management 1654 0.3 0.6 −0.8 12.1
FZ: CONSTRUCTION 10000 −3.8 −0.1 2.0 7.9
  • (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 rebound in transport equipment (+6.1%)

The turnover in the manufacture of transport equipment recovered sharply in July (+6.1% after −8.2% in June). It rebounded strongly in the manufacture of other transport equipment (+9.6% after −12.4%). It recovered also in the manufacture of motor vehicles, trailers and semi-trailers (+2.2% after −3.1%). The rebound was also marked in export sales (+4.1% after −3.1%).

Decrease in coke and refined petroleum products (−2.7%)

In July, the turnover fell in the manufacture of coke and refined petroleum products (−2.7%) after a virtual stability in June (−0.1%).

Further decrease in “other manufacturing” (−0.6%)

The turnover in “other manufacturing” fell again in July (−0.6% after −0.9%). It declined very sharply in the manufacture of basic pharmaceutical products and pharmaceutical preparations (−3.5%) It also fell in other manufacturing (−1.5%), in the manufacture of rubber and plastic products (−1.0%), in the manufacture of basic metals and fabricated metal products, except machinery and equipement (−0.5%) and in the manufacture of wood and paper products (−1.3%). Conversely, the turnover rose again in the manufacture of chemicals and chemical products (+2.4%). It was unchanged in the manufacture of textiles, wearing apparel, leather and related products. In export sales as well, the turnover slipped back in “other manufacturing” (−1.2% after +0.4%).

Virtual stability in food products and beverages (+0.1%)

The turnover in the manufacture of food products and beverages was virtually stable in July (+0.1% after −1.9%) and fell sharply again in export sales (−1.6% after −3.1%).

Stability in machinery and equipment

The turnover in machinery and equipment was stable in July after a downturn in June (−1.6%). It rebounded in manufacture of computer, electronic and optical products (+2.9% after −2.1%) but it slipped back in the manufacture of electrical equipment (−3.6% after +0.3%). It was stable for manufacture of machinery and equipment. The export sales in machinery and equipment rebounded in July (+1.5% after −1.3%).

Revisions

The variation in the turnover index in June 2017 is unchanged compared to the previous publication, both in the manufacturing industry and in industry as a whole. The adjustment of SA-WDA parameters offsets the raw series' variation.

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) July 2017 July / June June/ May q-o-q (2)
BE: INDUSTRY 10000 115.1 0.6 −1.9 0.7
CZ: MANUFACTURING INDUSTRY 8346 112.4 0.7 −2.5 1.1
of which Exports 2677 120.6 0.6 −1.0 1.6
(C1): Man. of food products and beverages 1685 117.7 0.1 −1.9 0.9
of which Exports 285 124.1 −1.6 −3.1 3.8
(C2): Man. of coke and refined petroleum products 561 74.5 −2.7 −0.1 −8.5
(C3): Machinery and equipment goods 953 108.1 0.0 −1.6 0.2
of which Exports 469 108.4 1.5 −1.3 0.5
[CI] Man. of computer, electronic and optical products 306 107.5 2.9 −2.1 −1.7
[CJ] Man. of electrical equipment 245 100.0 −3.6 0.3 1.5
[CK] Man. of machinery and equipment n.e.c. 402 113.4 0.0 −2.3 0.9
(C4): Man. of transport equipment 1265 133.0 6.1 −8.2 2.5
of which Exports 617 143.0 4.1 −3.1 0.2
[CL1] Man. of motor vehicles, trailers and semi-trailers 702 110.0 2.2 −3.1 5.1
[CL2] Man. of other transport equipment 562 161.8 9.6 −12.4 0.4
(C5): Other manufacturing 3881 110.0 −0.6 −0.9 1.9
of which Exports 1237 114.9 −1.2 0.4 2.2
[CB] Man. of textiles, wearing apparel, leather and related products 188 113.7 0.0 −0.5 2.9
[CC] Man. of wood and paper products; printing and reproduction of recorded media 436 99.3 −1.3 0.2 1.9
[CE] Man. of chemicals and chemical products 745 110.9 2.4 0.4 1.6
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 304 114.4 −3.5 1.4 3.2
[CG] Man. of rubber and plastics products, and other non-metallic mineral products 629 106.8 −1.0 −1.2 0.4
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 926 108.5 −0.5 −3.1 3.4
[CM] Other manufacturing; repair and installation of machinery and equipment 653 118.1 −1.5 −0.7 0.5
DE: Mining and quarrying; energy, water supply, sewerage, waste management 1654 128.8 0.3 0.6 −0.8
[BZ] Mining and quarrying 70 92.2 −1.4 0.5 −4.3
[DZ] Electricity, gas, steam and air-conditioning supply 1205 133.6 −0.4 1.1 −0.4
[EZ] Water supply; sewerage, waste management and remediation 379 120.3 3.0 −1.0 −2.0
FZ: CONSTRUCTION 10000 108.0 −3.8 −0.1 2.0
  • (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
June/ May May/ Apr. Apr./ Mar. Q2 2017/ Q1 2017 2016/ 2015
Industry (BE) −0.03 −0.13 0.06 −0.03 −0.01
raw serie −0.02 −0.12 0.08 0.01 −0.01
SA-WDA parameters 0.01 −0.01 −0.02 −0.04 0.00
Manufacturing industry (CZ) 0.01 −0.17 0.08 −0.02 −0.01
raw serie 0.09 −0.15 0.10 0.06 −0.01
SA-WDA parameters −0.08 −0.02 −0.02 −0.08 0.00
  • How to read it: in the manufacturing, the SA-WDA variation between May and June 2017 is revised by 0.01 points: +0.09 points are due to the raw series' revision and -0,08 to the new calculation of the SA-WDA.
  • Sources: DGFiP, INSEE