Insee conjoncture

In March 2018, manufacturing output was virtually stable (+0.1%)Industrial production index - March 2018

In March 2018, output was virtually stable in the manufacturing industry (+0.1%, after −0.5% in February). It slipped back in the whole industry (−0.4% after +1.1%), due to a strong decrease in mining and carrying, energy, water supply.

Informations rapides N° 122
No 122
Principaux indicateurs
Paru le : 09/05/2018
Prochaine parution le : 07/12/2018 at 08:45 - October 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 March 2018, output was virtually stable in the manufacturing industry (+0.1%, after −0.5% in February). It slipped back in the whole industry (−0.4% after +1.1%), due to a strong decrease in mining and carrying, energy, water supply.

Manufacturing output fell sharply over the first quarter of 2018 (−1.8%)

Output decreased sharply over the first quarter of 2018 in the manufacturing industry (−1.8%) as well as in the overall industry (−1.3%).

Output went down markedly in “other manufacturing” (−2.3%), in the manufacture of transport equipment (−3.8%) and in the manufacture of coke and refined petroleum products (−1.5%). Conversely, it increased in mining and quarrying, energy, water supply (+1.2%). It rose slightly in the manufacture of food products and beverages (+0.3%) and in the manufacture of machinery and equipment goods (+0.2%)

Over a year, manufacturing output grew strongly (+2.0%)

Manufacturing output of the first quarter of 2018 grew strongly compared to the same quarter of 2017 (+2.0%), as well as in the whole industry (+2.3%).

Over a year, output grew markedly in “other manufacturing” (+1.6%), and even more in the manufacture of machinery and equipment goods (+4.8%), in mining and quarrying, energy, water supply (+3.6%), in the manufacture of transport equipment (+3.0%) and in the manufacture of coke and refined petroleum products (+3.9%). On the contrary, it decreased slightly in the manufacture of food products and beverages (−0.3%).

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) March / Feb. Feb. / Jan. Q-o-Q change (1) Year-on-year change (2)
BE: INDUSTRY –0.4 1.1 –1.3 2.3
CZ: Manufacturing 0.1 –0.5 –1.8 2.0
(C1): Manufacture of food products and beverages 0.1 –0.4 0.3 –0.3
(C2): Manufacture of coke and refined petroleum products –8.3 1.7 –1.5 3.9
(C3): Machinery and equipment goods 0.3 –1.9 0.2 4.8
(C4): Manufacture of transport equipment –0.4 –3.2 –3.8 3.0
(C5): Other manufacturing 0.4 0.5 –2.3 1.6
DE: Mining and quarrying; energy; water supply; waste management –3.3 10.8 1.2 3.6
FZ: CONSTRUCTION –2.7 2.8 –3.7 –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] March 2018 March / Feb. Feb. / Jan. Quarter-on-quarter change
BE: INDUSTRY 103.4 –0.4 1.1 –1.3
CZ: Manufacturing 103.4 0.1 –0.5 –1.8
(C1): Man. of food products and beverages 98.3 0.1 –0.4 0.3
(C2): Man. of coke and refined petroleum products 92.2 –8.3 1.7 –1.5
(C3): Machinery and equipment goods 105.8 0.3 –1.9 0.2
[CI] Man. of computer, electronic and optical products 112.8 0.5 –1.3 1.8
[CJ] Man. of electrical equipment 98.0 –1.2 –0.6 0.0
[CK] Man. of machinery and equipment n.e.c. (1) 103.5 0.9 –3.2 –1.3
(C4): Man. of transport equipment 108.2 –0.4 –3.2 –3.8
[CL1] Man. of motor vehicles, trailers and semi-trailers 114.4 0.5 –1.4 –2.8
[CL2] Man. of other transport equipment 103.3 –1.2 –4.8 –4.5
(C5): Other manufacturing 103.3 0.4 0.5 –2.3
[CB] Man. of textiles, wearing apparel, leather and related products 93.3 –0.3 –1.8 –4.4
[CC] Man. of wood and paper products; printing and reproduction of recorded media 101.1 –0.5 0.3 –0.9
[CE] Man. of chemicals and chemical products 104.0 –1.2 –0.1 –4.4
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 109.9 4.5 2.9 –4.9
[CG] Man. of rubber and plastics products, and other non-metallic mineral products 105.4 0.6 –1.2 –3.3
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 105.0 –0.4 0.4 0.7
[CM] Other manufacturing; repair and installation of machinery and equipment 99.2 0.9 1.8 –1.7
DE: Mining and quarrying; energy; water supply; waste management 103.1 –3.3 10.8 1.2
[BZ] Mining and quarrying 103.4 4.2 –1.4 –4.6
[DZ] Electricity, gas, steam and air-conditioning supply 103.8 –3.9 12.5 1.7
[EZ] Water supply; sewerage, waste management and remediation 96.3 –0.2 –0.3 –0.9
FZ: CONSTRUCTION 99.4 –2.7 2.8 –3.7
MIGs (2)
Capital goods 105.7 0.2 –1.1 –1.7
Intermediate goods 102.5 –0.1 –0.6 –2.1
Consumer durables 101.5 0.6 –4.7 –1.8
Consumer non-durables 102.1 0.9 0.7 –1.6
Energy 102.3 –3.9 10.7 1.3
  • (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 March, output fell back sharply in mining and quarrying; energy; water supply (−3.3% after +10.8%)

Output slipped back sharply in electricity, gas (−3.9% after +12.5%), following exceptionally cold temperatures in February.

Output tumbled in the manufacture of coke and refined petroleum products (−8.3% after +1.7%)

Output plummeted in the manufacture of coke and refined petroleum products (−8.3% after +1.7%) due to maintenance in a refinery.

Output continued to decline in the manufacture of transport equipment (−0.4% after −3.2%)

Output decreased again in the manufacture of other transport equipment (−1.2% after −4.8%). Conversely, it recovered in the manufacture of motor vehicles, trailers and semi-trailers (+0.5% after −1.4%).

Output grew again in “other manufacturing” (+0.4% after +0.5%)

Output gained momentum in pharmaceuticals (+4.5%). It rose in “other manufacturing” (+0.9%) and in the manufacture of rubber and plastics products, and other non-metallic mineral products (+0.6%). Conversely, it went down in chemicals (−1.2%), in the manufacture of basic metals and fabricated metal products (−0.4%), in the manufacture of wood, paper and printing industries (−0.5%) and in textiles, wearing apparel, leather and related products (−0.3%).

Output went up in machinery and equipment goods (+0.3% after −1.9%)

Output bounced back in the manufacture of machinery and equipment n.e.c. (+0.9% after −3.2%) and in that of computer, electronic and optical products (+0.5% after −1.3%). Conversely, it decreased again in the manufacture of electrical equipment (−1.2% after −0.6%).

Output was virtually stable in the manufacture of food products and beverages (+0.1% after −0.4%)

Output was virtually stable in the manufacture of food products and beverages (+0.1%) after a decrease in February (−0.4%).

Tableau3a – Revision of variations

(in percentage point)
Revision of variations
Feb. / Jan. Jan. / Dec. Dec. / Nov. Q4 2017 / Q3 2017 2017 / 2016
Industry (BE) –0.02 –0.15 –0.03 0.01 –0.04
raw serie 0.01 –0.07 –0.04 –0.02 –0.04
SA-WDA parameters –0.03 –0.08 0.01 0.03 0.00
Manufacturing (CZ) 0.09 –0.11 –0.05 0.00 –0.05
raw serie 0.05 –0.11 –0.05 –0.02 –0.05
SA-WDA parameters 0.04 0.00 0.00 0.02 0.00
  • How to read it: in the manufacturing sector, the SA-WDA variation between January 2018 and February 2018 is revised by +0.09 points, +0.05 points are due to the revision of the raw series and +0.04 points to the updating of the SA-WDA parameters.
  • Sources: INSEE, SSP, SDES