In February 2018, manufacturing output decreased again (−0.6%)Industrial production index - February 2018

In February 2018, output decreased again in the manufacturing industry (−0.6% after −1.0% in January). On the contrary, it bounced back in the whole industry (+1.2% after −1.8%).

Informations rapides
No 93
Paru le : 10/04/2018
Prochaine parution le : 08/06/2018 at 08:45 - April 2018

Please note: all the series are seasonally (SA) and working-day adjusted (WDA).

The commentary shows variations of subsections by decreasing contribution. The contribution of a subsection depends on the extent of the change and on its weight.

In February 2018, output decreased again in the manufacturing industry (−0.6% after −1.0% in January). On the contrary, it bounced back in the whole industry (+1.2% after −1.8%).

Manufacturing output went down over the last three months (−0.7%)

Output decreased over the last three months in the manufacturing industry (−0.7%) as well as in the overall industry (−0.4%).

Output went down in “other manufacturing” (−1.2%), in the manufacture of transport equipment (−0.8%) and in the manufacture of food products and beverages (−0.7%). Conversely, it increased in mining and quarrying, energy, water supply (+1.8%), in the manufacture of machinery and equipment goods (+1.0%) and in the manufacture of coke and refined petroleum products (+1.3%).

Over a year, manufacturing output grew strongly (+3.3%)

Manufacturing output of the last three months grew strongly compared to the same months of the previous year (+3.3%), as well as in the whole industry (+3.0%).

Over a year, output grew strongly in “other manufacturing” (+2.7%), in the manufacture of transport equipment (+7.7%) and in the manufacture of machinery and equipment goods (+5.1%). Output also increased in mining and quarrying, energy, water supply (+1.4%) and in the manufacture of coke and refined petroleum products (+2.0%). It was virtually stable in the manufacture of food products and beverages (−0.1%).

Graphique1a – Monthly Industrial Production Indices

  • Legend: CZ: Manufacturing - (C1): Manufacture of food products and beverages - (C3): Machinery and equipment goods - (C4): Manufacture of transport equipment - (C5): Other manufacturing
  • Sources: INSEE, SSP, SDES

Tableau1a – Variation in the Industrial Production

2015 based, SA-WDA changes in %
Variation in the Industrial Production
NA : A10, (A17) Feb. / Jan. Jan. / Dec. Q-o-Q change (1) Year-on-year change (2)
BE: INDUSTRY 1.2 –1.8 –0.4 3.0
CZ: Manufacturing –0.6 –1.0 –0.7 3.3
(C1): Manufacture of food products and beverages 0.7 2.0 –0.7 –0.1
(C2): Manufacture of coke and refined petroleum products 1.9 –0.8 1.3 2.0
(C3): Machinery and equipment goods –2.8 1.7 1.0 5.1
(C4): Manufacture of transport equipment –3.2 –0.8 –0.8 7.7
(C5): Other manufacturing 0.3 –2.5 –1.2 2.7
DE: Mining and quarrying; energy; water supply; waste management 11.5 –6.3 1.8 1.4
FZ: CONSTRUCTION 2.8 –7.5 0.4 1.3
  • (1) Last three months / previous three months
  • (2) Last three months / same three months of previous year
  • The codes correspond to the level of aggregation A 10 (A 17) of the "NA" aggregated classification based on the French classification of activities NAF rev.2.
  • Sources: INSEE, SSP, SDES

Tableau2a – Variation in the Industrial Production

2015 based, SA-WDA changes in %
Variation in the Industrial Production
NA : A10, (A17), [A38 or A64] Feb. 2018 Feb. / Jan. Jan. / Dec. Quarter-on-quarter change
BE: INDUSTRY 104.1 1.2 –1.8 –0.4
CZ: Manufacturing 103.4 –0.6 –1.0 –0.7
(C1): Man. of food products and beverages 99.2 0.7 2.0 –0.7
(C2): Man. of coke and refined petroleum products 101.3 1.9 –0.8 1.3
(C3): Machinery and equipment goods 104.4 –2.8 1.7 1.0
[CI] Man. of computer, electronic and optical products 109.2 –3.6 0.9 2.1
[CJ] Man. of electrical equipment 100.2 –0.7 0.0 2.6
[CK] Man. of machinery and equipment n.e.c. (1) 102.2 –3.2 3.4 –1.1
(C4): Man. of transport equipment 110.1 –3.2 –0.8 –0.8
[CL1] Man. of motor vehicles, trailers and semi-trailers 114.9 –1.3 –2.8 –0.4
[CL2] Man. of other transport equipment 106.3 –4.7 1.0 –1.1
(C5): Other manufacturing 102.7 0.3 –2.5 –1.2
[CB] Man. of textiles, wearing apparel, leather and related products 93.4 –1.5 –3.2 –1.9
[CC] Man. of wood and paper products; printing and reproduction of recorded media 101.9 0.2 –2.5 1.2
[CE] Man. of chemicals and chemical products 105.8 0.3 –2.6 –3.7
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 103.8 1.4 –4.4 –5.4
[CG] Man. of rubber and plastics products, and other non-metallic mineral products 104.8 –1.3 –2.4 –1.8
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 105.7 0.7 –1.9 2.6
[CM] Other manufacturing; repair and installation of machinery and equipment 97.8 0.8 –2.0 –1.2
DE: Mining and quarrying; energy; water supply; waste management 107.4 11.5 –6.3 1.8
[BZ] Mining and quarrying 100.8 0.4 –7.0 0.1
[DZ] Electricity, gas, steam and air-conditioning supply 108.8 13.2 –6.9 2.0
[EZ] Water supply; sewerage, waste management and remediation 96.6 –0.2 0.7 –0.1
FZ: CONSTRUCTION 102.1 2.8 –7.5 0.4
MIGs (2)
Capital goods 105.3 –1.8 0.0 –0.5
Intermediate goods 103.1 –0.4 –1.8 –0.7
Consumer durables 100.2 –4.3 –4.5 1.6
Consumer non-durables 101.5 1.2 –1.2 –1.5
Energy 107.2 11.3 –5.8 1.8
  • (1) n.e.c. : not elsewhere classifiable
  • (2) Main industrial groupings: definition in Commission regulation EC of 14 June 2007
  • Sources: INSEE, SSP, SDES

In February, output soared in mining and quarrying; energy; water supply (+11.5% after −6.3%)

Output soared in electricity, gas (+13.2% after −6.9%) because of exceptionally cold temperatures in February.

Output recovered in “other manufacturing” (+0.3% after −2.5%)

Output rose in “other manufacturing” (+0.8%), in the manufacture of basic metals and fabricated metal products (+0.7%), in pharmaceuticals (+1.4%), in chemicals (+0.3%) and in the manufacture of wood, paper and printing industries (+0.2%). On the contrary, it decreased in the manufacture of rubber and plastics products and other non-metallic mineral products (−1.3%) and in textiles, wearing apparel, leather and related products (−1.5%).

Output grew again in the manufacture of food products and beverages (+0.7% after +2.0%)

Output continued to grow in the manufacture of food products and beverages (+0.7% after +2.0%) due to a new rise in the manufacture of other food products.

Output went up in the manufacture of coke and refined petroleum products (+1.9% after −0.8%)

After a fall in January (−0.8%), output bounced back in the manufacture of coke and refined petroleum products (+1.9%).

Output continued to decline in the manufacture of transport equipment (−3.2% after −0.8%)

Output fell back in the manufacture of other transport equipment (−4.7% after +1.0%) and decreased again in the manufacture of motor vehicles, trailers and semi-trailers (−1.3% after −2.8%).

Output slipped back in machinery and equipment goods (−2.8% after +1.7%)

Output slipped back in the manufacture of computer, electronic and optical products (−3.6% after +0.9%) and in the manufacture of machinery and equipment n.e.c. (−3.2% after +3.4%). It decreased in the manufacture of electrical equipment (−0.7%).

Tableau3a – Revision of variations

(in percentage point)
Revision of variations
Jan. / Dec. Dec. / Nov. Nov. / Oct. Q4 2017 / Q3 2017 2017 / 2016
Industry (BE) 0.20 –0.10 0.02 –0.05 –0.02
raw serie 0.37 –0.14 –0.02 –0.09 –0.03
SA-WDA parameters –0.17 0.04 0.04 0.04 0.01
Manufacturing (CZ) 0.14 –0.04 0.01 –0.07 –0.03
raw serie 0.43 –0.15 –0.03 –0.10 –0.03
SA-WDA parameters –0.29 0.11 0.04 0.03 0.00
  • How to read it: in the manufacturing sector, the SA-WDA variation between December 2017 and January 2018 is revised by +0.14 points, +0.43 points are due to the revision of the raw series and −0.29 points to the updating of the SA-WDA parameters.
  • Sources: INSEE, SSP, SDES