In August 2017, the turnover in the manufacturing industry rose slightly (+0.3%)Turnover in industry and construction - August 2017

In August 2017, the turnover in the manufacturing industry rose again but more modestly than in July (+0.3 % after +0.9%). It fell back slightly in export (−0.2% after +0.5%).

In industry as a whole, the turnover rose slightly as well (+0.4% after +0.9%).

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 August 2017, the turnover in the manufacturing industry rose again but more modestly than in July (+0.3 % after +0.9%). It fell back slightly in export (−0.2% after +0.5%).

In industry as a whole, the turnover rose slightly as well (+0.4% after +0.9%).

Slight downturn over the last three months (−0.4%)

Over the last three months (June to August) compared with the previous three months, the turnover slipped back slightly in the manufacturing industry (−0.4%). It was virtually stable in the industry as a whole. In the manufacturing industry, the turnover fell back strongly in the manufacture of transport equipment (−3.2%) and in the manufacture of coke and refined petroleum products (−4.7%). Conversely, it rose in “other manufacturing” (+0.6%), in the manufacture of food products and beverages (+0.6%) and in the machinery and equipment goods (+0.4%).

Sharp increase compared to the previous year (+6.3%)

In the manufacturing industry, the turnover rose sharply from the same three months of the previous year (+6.3%). This increase was even more marked in industry as a whole (+7.4%) due to the strong increase in the mining and quarrying, energy, water supply, waste management (+12.4%). Over this period, the turnover rose in every main sectors of the manufacturing industry − “other manufacturing” (+6.8%), the manufacture of transport equipment (+6.0%), the manufacture of food products and beverages (+4.6%), the machinery and equipment sector (+5.7%) and the manufacture of coke and refined petroleum products (+11.0%).

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) Aug./ July July/ June q-o-q (2) y-o-y (3)
BE: INDUSTRY 10000 0.4 0.9 −0.1 7.4
CZ: MANUFACTURING INDUSTRY 8346 0.3 0.9 −0.4 6.3
Of which Exports 2677 −0.2 0.5 0.1 8.4
(C1): Manufacture of food products and beverages 1685 2.3 0.0 0.6 4.6
(C2): Manufacture of coke and refined petroleum products 561 −0.8 −2.8 −4.7 11.0
(C3): Machinery and equipment goods 953 2.3 0.9 0.4 5.7
(C4): Manufacture of transport equipment 1265 −3.3 6.3 −3.2 6.0
(C5): Other manufacturing 3881 0.4 −0.3 0.6 6.8
DE: Mining and quarrying; energy; water supply; waste management 1654 1.0 0.9 1.2 12.4
FZ: CONSTRUCTION 10000 3.4 −3.5 0.6 8.6
  • (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
  • The codes correspond to different levels of aggregation of the french aggregated classification of activites (NA 2008).
  • Sources: DGFiP, INSEE

Increase in August in food products and beverages (+2.3%)

The turnover in the manufacture of food products and beverages rose in August (+2.3%) after a stability in July. It recovered sharply in export sales (+3.5% after −1.8%).

Further increase in machinery and equipment (+2.3%)

In August, the turnover in machinery and equipment rose again (+2.3% after +0.9% in July). It rebounded in manufacture of electrical equipment (+3.8% after −2.2%), and rose again in manufacture of computer, electronic and optical products (+2.2% after +3.6%) and in manufacture of other machinery and equipment (+1.6% after +0.7%). In export sales, the turnover in machinery and equipment grew again in August (+1.9% after +2.1%).

Slight rebound in “other manufacturing” (+0.4%)

In August, the turnover in “other manufacturing” recovered slightly (+0.4% after −0.3%). It rebounded in other manufacturing (+1.9% after −1.9%), in the manufacture of rubber and plastic products (+1.3% after −0.3%), in the manufacture of basic metals and fabricated metal products, except machinery and equipement (+0.9% after −0.2%), in the manufacture of basic pharmaceutical products and pharmaceutical preparations (+1.6% after −3.1%) and in the manufacture of wood and paper products (+1.5% after −1.0%). It rose slightly in the manufacture of textiles (+0.3% in August after a stability in July). However, it slipped back in the manufacture of chemicals and chemical products (−3.2% after +2.6%). In export sales, the turnover in “other manufacturing” recovered as well (+2.0% after −1.3%).

Sharp downturn in transport equipment (−3.3%)

The turnover in the manufacture of transport equipment fell back sharply in August (−3.3% after +6.3% in July). It slipped back in the manufacture of other transport equipment (−4.2% after +10.0%) and in the manufacture of motor vehicles, trailers and semi-trailers (−2.3% after +2.3%). The downturn was more marked in export sales (−7.0% after +3.6%).

Slight decrease in coke and refined petroleum products(−0.8%)

The turnover in the manufacture of coke and refined petroleum products fell again in August (−0.8%) but more moderately than in July (−2.8%).

Revisions

The variation in the turnover index in July 2017 has been revised upwards by 0.2 points in the manufacturing industry, at 0.9% instead of 0.7%, and by 0.3 points in industry as a whole, at 0.9% instead of 0.6%, mainly because of raw series revision.

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) Aug. 2017 Aug. July July/ June q-o-q (2)
BE: INDUSTRY 10000 116.0 0.4 0.9 −0.1
CZ: MANUFACTURING INDUSTRY 8346 112.9 0.3 0.9 −0.4
of which Exports 2677 120.0 −0.2 0.5 0.1
(C1): Man. of food products and beverages 1685 120.9 2.3 0.0 0.6
of which Exports 285 128.7 3.5 −1.8 0.4
(C2): Man. of coke and refined petroleum products 561 73.3 −0.8 −2.8 −4.7
(C3): Machinery and equipment goods 953 111.8 2.3 0.9 0.4
of which Exports 469 111.4 1.9 2.1 1.1
[CI] Man. of computer, electronic and optical products 306 110.5 2.2 3.6 −0.4
[CJ] Man. of electrical equipment 245 105.7 3.8 −2.2 1.6
[CK] Man. of machinery and equipment n.e.c. 402 116.6 1.6 0.7 0.3
(C4): Man. of transport equipment 1265 127.2 −3.3 6.3 −3.2
of which Exports 617 130.6 −7.0 3.6 −4.5
[CL1] Man. of motor vehicles, trailers and semi-trailers 702 106.8 −2.3 2.3 1.4
[CL2] Man. of other transport equipment 562 152.6 −4.2 10.0 −6.9
(C5): Other manufacturing 3881 110.7 0.4 −0.3 0.6
of which Exports 1237 117.4 2.0 −1.3 1.9
[CB] Man. of textiles, wearing apparel, leather and related products 188 113.7 0.3 0.0 1.8
[CC] Man. of wood and paper products; printing and reproduction of recorded media 436 101.4 1.5 −1.0 1.4
[CE] Man. of chemicals and chemical products 745 107.6 −3.2 2.6 0.8
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 304 115.4 1.6 −3.1 1.6
[CG] Man. of rubber and plastics products, and other non-metallic mineral products 629 109.2 1.3 −0.3 −0.1
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 926 109.8 0.9 −0.2 0.7
[CM] Other manufacturing; repair and installation of machinery and equipment 653 120.4 1.9 −1.9 −0.6
DE: Mining and quarrying; energy, water supply, sewerage, waste management 1654 131.4 1.0 0.9 1.2
[BZ] Mining and quarrying 70 93.7 1.2 −0.7 −2.3
[DZ] Electricity, gas, steam and air-conditioning supply 1205 136.6 1.3 0.3 1.8
[EZ] Water supply; sewerage, waste management and remediation 379 121.6 0.0 3.5 −0.3
FZ: CONSTRUCTION 10000 112.4 3.4 −3.5 0.6
  • (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
July/ June June/ May. May/ Apr. Q2 2017/ Q1 2017 2016/ 2015
Industry (BE) 0.28 0.03 −0.08 −0.07 0.02
raw serie 0.53 −0.15 −0.01 −0.05 −0.01
SA-WDA parameters 0.25 0.18 −0.07 −0.02 0.03
Manufacturing industry (CZ) 0.20 0.06 −0.17 −0.09 0.03
raw serie 0.35 −0.09 −0.08 −0.05 0.00
SA-WDA parameters −0.15 0.15 −0.09 −0.04 0.03
  • How to read it: in the manufacturing, the SA-WDA variation between June and July 2017 is revised by +0.20 points: +0.35 points are due to the raw series' revision and −0,15 points to the new calculation of the SA-WDA.
  • Sources: DGFiP, INSEE