In December 2017, the turnover in the manufacturing industry recovered (+0.5%)Turnover in industry and construction - December 2017

In December 2017, the turnover recovered in the manufacturing industry (+0.5 % after −0.4%) just as in industry as a whole (+0.6% after −0.3%). Turnover in export was stable.

Informations rapides
No 48
Paru le : 23/02/2018
Prochaine parution le : 27/04/2018 at 12:00 - February 2018

Please note: in accordance with European directives, the turnover indices in the industry will use 2015 as base year from the publication of the indices of January 2018, due on March 30, 2018.

In December 2017, the turnover recovered in the manufacturing industry (+0.5 % after −0.4%) just as in industry as a whole (+0.6% after −0.3%). Turnover in export was stable.

Sharp increase over the fourth quarter (+2.6%)

The turnover rose sharply over the last three months in the manufacturing industry (+2.6%) as well as in industry as a whole (+2.5%). Within manufacturing, the turnover grew sharply in the “other manufacturing” (+2.4%), in the manufacture of transport equipment (+4.6%), in the manufacture of coke and refined petroleum products (+10.5%) and in the machinery and equipment goods (+1.6%). It was stable in the manufacture of food products and beverages.

Strong increase compared to the previous year (+7.1%)

The turnover grew sharply compared to the same three months of the previous year in the manufacturing industry (+6.6%). The growth 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 (+10.8%). Over this period, the turnover rose sharply in every main sectors of the manufacturing industry − “other manufacturing” (+7.1%), the manufacture of transport equipment (+7.0%), the machinery and equipment sector (+6.6%), the manufacture of food products and beverages (+3.3%) and the manufacture of coke and refined petroleum products (+14.9%).

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) Dec./ Nov. Nov./ Oct. q-o-q (2) y-o-y (3)
BE: INDUSTRY 10000 0.6 −0.3 2.5 7.4
CZ: MANUFACTURING INDUSTRY 8346 0.5 −0.4 2.6 6.6
Of which Exports 2677 0.0 −1.4 2.2 5.2
(C1): Manufacture of food products and beverages 1685 −1.4 −0.3 0.0 3.3
(C2): Manufacture of coke and refined petroleum products 561 2.4 2.8 10.5 14.9
(C3): Machinery and equipment goods 953 0.9 −0.6 1.6 6.6
(C4): Manufacture of transport equipment 1265 1.5 −2.7 4.6 7.0
(C5): Other manufacturing 3881 0.6 0.1 2.4 7.1
DE: Mining and quarrying; energy; water supply; waste management 1654 1.4 0.4 2.3 10.8
FZ: CONSTRUCTION 10000 2.0 0.3 2.7 7.7
  • (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 December in “other manufacturing” (+0.6%)

The turnover in “other manufacturing” rose slightly in December (+0.6% after +0.1%). It rose again in the manufacture of basic metals and fabricated metal products, except machinery and equipement (+0.8% after +0.7%) as well as in the manufacture of chemicals and chemical products (+0.3% after +1.6%). It recovered sharply in the manufacture of basic pharmaceutical products and pharmaceutical preparations (+2.7% after −1.1%) and to a lesser extent in the other manufacturing; repair and installation of machinery and equipment (+0.8% after −1.3%), in the manufacture of rubber and plastic products (+0.3% after −0.1%) and in the manufacture of wood and paper products (+0.3% after −1.1%). Conversely, it fell back sharply in the manufacture of textiles, wearing apparel, leather and related products (−2.2% after +3.0%). The turnover decreased again in December in export sales (−0.7% after −2.1%).

Rebound in transport equipment (+1.5%)

In December, the turnover in the manufacture of transport equipment recovered (+1.5% after −2.7%). This rebound was driven by the manufacture of motor vehicles, trailers and semi-trailers (+2.8% after −4.4%). The other transport equipment recovered slightly (+0.3% after −1.0%). The turnover also recovered in export sales (+2.3% after −1.2%).

Further increase in coke and refined petroleum products (+2.4%)

The turnover in the manufacture of coke and refined petroleum products rose again in December (+2.4% after +2.8%).

Rebound in machinery and equipment (+0.9%)

In December, the turnover in machinery and equipment recorvered (+0.9% after −0.6%). It recorvered sharply in the manufacture of computer, electronic and optical products (+2.8% after −1.5 %), and rose in the manufacture of electrical equipment (+0.6%). Conversely, it fell again in the manufacture of machinery and equipment n.e.c. (−0.3% after −0.3%). Export sales in machinery and equipment fell again (−0.8% after −0.8%).

Further decrease in food products and beverages (−1.4%)

In December, the turnover continued to decline in the manufacture of food products and beverages (−1.4% after −0.3%) as well as in export sales (−1.7% after −1.0%).

Revisions

The variation of the turnover index in November 2017 is unchanged in the manufacturing industry (−0.4%) as well as in industry as a whole (−0.3%).

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) Dec. 2017 Dec. Nov. Nov./ Oct. q-o-q (2)
BE: INDUSTRY 10000 120.1 0.6 −0.3 2.5
CZ: MANUFACTURING INDUSTRY 8346 116.7 0.5 −0.4 2.6
of which Exports 2677 122.6 0.0 −1.4 2.2
(C1): Man. of food products and beverages 1685 117.9 −1.4 −0.3 0.0
of which Exports 285 124.1 −1.7 −1.0 0.0
(C2): Man. of coke and refined petroleum products 561 87.5 2.4 2.8 10.5
(C3): Machinery and equipment goods 953 113.3 0.9 −0.6 1.6
of which Exports 469 108.3 −0.8 −0.8 0.4
[CI] Man. of computer, electronic and optical products 306 114.0 2.8 −1.5 1.5
[CJ] Man. of electrical equipment 245 107.0 0.6 0.0 2.8
[CK] Man. of machinery and equipment n.e.c. 402 116.7 −0.3 −0.3 1.0
(C4): Man. of transport equipment 1265 138.6 1.5 −2.7 4.6
of which Exports 617 146.7 2.3 −1.2 4.4
[CL1] Man. of motor vehicles, trailers and semi-trailers 702 120.5 2.8 −4.4 8.1
[CL2] Man. of other transport equipment 562 161.1 0.3 −1.0 1.6
(C5): Other manufacturing 3881 114.1 0.6 0.1 2.4
of which Exports 1237 117.0 −0.7 −2.1 1.8
[CB] Man. of textiles, wearing apparel, leather and related products 188 114.4 −2.2 3.0 1.5
[CC] Man. of wood and paper products; printing and reproduction of recorded media 436 101.3 0.3 −1.1 0.9
[CE] Man. of chemicals and chemical products 745 110.8 0.3 1.6 1.3
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 304 120.9 2.7 −1.1 2.1
[CG] Man. of rubber and plastics products, and other non-metallic mineral products 629 111.5 0.3 −0.1 2.2
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 926 113.7 0.8 0.7 2.8
[CM] Other manufacturing; repair and installation of machinery and equipment 653 126.4 0.8 −1.3 4.5
DE: Mining and quarrying; energy, water supply, sewerage, waste management 1654 137.0 1.4 0.4 2.3
[BZ] Mining and quarrying 70 101.5 3.2 −0.9 4.5
[DZ] Electricity, gas, steam and air-conditioning supply 1205 143.8 2.3 0.8 2.6
[EZ] Water supply; sewerage, waste management and remediation 379 121.8 −2.0 −0.9 1.3
FZ: CONSTRUCTION 10000 115.7 2.0 0.3 2.7
  • (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
Nov./ Oct. Oct./ Sept. Sept./ Aug. Q3 2017/ Q2 2017 2016/ 2015
Industry (BE) 0.05 0.03 0.03 0.03 −0.02
raw serie 0.02 0.00 −0.01 −0.01 −0.04
SA-WDA parameters 0.03 0.03 0.04 0.04 0.02
Manufacturing industry (CZ) −0.01 −0.08 0.02 −0.05 −0.01
raw serie −0.11 0.00 −0.01 −0.01 −0.01
SA-WDA parameters 0.10 −0.08 0.03 −0.04 0.00
  • How to read it: in the manufacturing, the SA-WDA variation between October and November 2017 is revised by −0.01 points: −0.11 points are due to the raw series' revision and +0.10 points to the new calculation of the SA-WDA.
  • Sources: DGFiP, INSEE