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In June 2018, the turnover in the manufacturing industry rose (+0.8%)Turnover in industry and construction - June 2018

In June 2018, the turnover rose in the manufacturing industry (+0.8%) after a virtual stability in May (+0.1%). It recovered also in industry as a whole (+0.6 % after −0.3 %) in spite of a slight decrease in mining and quarrying; energy; water supply; waste management (−0.2 % after −2.4% ).

Export turnover recovered sharply (+2.4 % after −1.0%).

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 June 2018, the turnover rose in the manufacturing industry (+0.8%) after a virtual stability in May (+0.1%). It recovered also in industry as a whole (+0.6 % after −0.3 %) in spite of a slight decrease in mining and quarrying; energy; water supply; waste management (−0.2 % after −2.4% ).

Export turnover recovered sharply (+2.4 % after −1.0%).

Increase over the second quarter (+0.6%)

The turnover rose over the second quarter in the manufacturing industry (+0.6%) as in industry as a whole (+0.8%). Within manufacturing, the turnover grew sharply in the manufacture of coke and refined petroleum products (+7.2%) and, to a lesser pace in “other manufacturing” (+0.8%) and in the manufacture of food products and beverages (+0.5%). It fell in the manufacture of transport equipment (−1.0%) and in the machinery and equipment goods (−0.7%).

Sharp increase compared to the previous year (+3.7%)

The turnover grew sharply compared to the same three months of the previous year in the manufacturing industry (+3.7%) as in industry as a whole (+4.5%). The increase was strong in the mining and quarrying, energy, water supply, waste management (+8.9 %). Over this period, the turnover rose for all manufacturing sector: in “other manufacturing” (+3.5%), in the manufacture of coke and refined petroleum products (+27.2%), in the manufacture of transport equipment (+2.1%), in the manufacture of food products and beverages (+1.4%) and in the machinery and equipment sector (+1.3%).

Graph1 – Turnover in manufacturing industry

  • Sources: DGFiP, INSEE

Table1 – Variation of the turnover in industry and construction

SA-WDA value, Base year 2015
Variation of the turnover in industry and construction
Change in %
NA : A 10, (A 17) Weight (1) June/ May May/ Apr. q-o-q (2) y-o-y (3)
BE: INDUSTRY 10000 0.6 −0.3 0.8 4.5
CZ: MANUFACTURING INDUSTRY 8371 0.8 0.1 0.6 3.7
Of which Exports 2977 2.4 −1.0 0.1 1.2
(C1): Manufacture of food products and beverages 1809 −1.0 1.5 0.5 1.4
(C2): Manufacture of coke and refined petroleum products 423 1.8 4.2 7.2 27.2
(C3): Machinery and equipment goods 944 0.6 0.4 −0.7 1.3
(C4): Manufacture of transport equipment 1387 1.5 −2.8 −1.0 2.1
(C5): Other manufacturing 3808 1.3 0.0 0.8 3.5
DE: Mining and quarrying; energy; water supply; waste management 1629 −0.2 −2.4 2.1 8.9
FZ: CONSTRUCTION 10000 1.7 −2.5 1.1 3.5
  • (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 “other manufacturing” (+1.3%)

The turnover in “other manufacturing” rose in June (+1.3%) after a virtual stability in May. It rebounded in the manufacture of chemicals and chemical products (+11.6 % after −2.1%) and in the other manufacturing, repair and installation of machinery and equipment (+0.9 % after −2.2%). It rose in the manufacture of basic metals and fabricated metal products, except machinery and equipment (+0.5%) and, in the manufacture of wood and paper products; printing and reproduction of recorded media (+0.7 %). Conversely, it fell back in the manufacture of textiles, wearing apparel, leather and related products (−0.3 % after +1.4 %).

The export sales in “other manufacturing” rose again in June (+2.2 % after +1.3%).

Rebound in transport equipment (+1.5%)

The turnover in the manufacture of transport equipment recovered in June (+1.5 % after −2.8%). This rebound was driven by the manufacture of motor vehicles (+2.5 % after −2.3%) and, to a lesser extent, by the manufacture of other transport equipment (+0.5 % after −3.3%).

The turnover in the manufacture of transport equipment also rebounded in export sales (+5.0 % after −6.8%).

Further increase in coke and refined petroleum products (+1.8%)

In June, the turnover in the manufacture of coke and refined petroleum products rose again (+1.8 % after +4.2%).

Increase in machinery and equipment (+0.6%)

In June, the turnover in machinery and equipment rose again (+0.6 % after +0.4%). It grew in the manufacture of electrical equipment (+1.6 % after +1.3%) and in the manufacture of computer, electronic and optical products (+0.7 % after −0.3%) while it was virtally stable in the manufacture. machinery and equipment n.e.c. (−0.1 % after +0.4%).

The export sales in machinery and equipment was virtually stable again (+0.1 % after a stability in May).

Downturn in food products and beverages (−1.0%)

The turnover in the manufacture of food products and beverages fell back in June (−1.0 % after +1.5%). It fell particularly in export (−1.2 % after +1.1%).

Revisions

The variation of the turnover index in May 2018 was unchanged (after rounding) in the manufacturing industry and in industry as a whole.

Table2 – Indexes of turnover in industry and construction

SA-WDA, based year 2015
Indexes of turnover in industry and construction
Change in %
Industries: Weight (1) June 2018 June May May/ Apr. q-o-q (2)
BE: INDUSTRY 10000 111.1 0.6 −0.3 0.8
CZ: MANUFACTURING INDUSTRY 8371 109.7 0.8 0.1 0.6
of which Exports 2977 108.2 2.4 −1.0 0.1
(C1): Man. of food products and beverages 1809 106.0 −1.0 1.5 0.5
of which Exports 330 108.2 −1.2 1.1 1.0
(C2): Man. of coke and refined petroleum products 423 127.1 1.8 4.2 7.2
(C3): Machinery and equipment goods 944 106.6 0.6 0.4 −0.7
of which Exports 491 103.4 0.1 0.0 −0.2
[CI] Man. of computer, electronic and optical products 286 107.9 0.7 −0.3 −0.5
[CJ] Man. of electrical equipment 225 107.3 1.6 1.3 −0.5
[CK] Man. of machinery and equipment n.e.c. 433 105.4 −0.1 0.4 −0.9
(C4): Man. of transport equipment 1387 112.4 1.5 −2.8 −1.0
of which Exports 738 107.0 5.0 −6.8 −1.0
[CL1] Man. of motor vehicles, trailers and semi-trailers 648 119.4 2.5 −2.3 −0.8
[CL2] Man. of other transport equipment 739 106.2 0.5 −3.3 −1.2
(C5): Other manufacturing 3808 109.3 1.3 0.0 0.8
of which Exports 1367 110.1 2.2 1.3 0.5
[CB] Man. of textiles, wearing apparel, leather and related products 188 105.1 −0.3 1.4 1.0
[CC] Man. of wood and paper products; printing and reproduction of recorded media 402 105.2 0.7 0.0 0.1
[CE] Man. of chemicals and chemical products 768 107.6 0.3 1.9 0.9
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 296 117.5 11.6 −2.1 0.7
[CG] Man. of rubber and plastics products, and other non-metallic mineral products 613 110.9 0.3 0.1 2.2
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 867 110.5 0.5 0.4 −0.7
[CM] Other manufacturing; repair and installation of machinery and equipment 673 108.0 0.9 −2.2 1.9
DE: Mining and quarrying; energy, water supply, sewerage, waste management 1629 118.6 −0.2 −2.4 2.1
[BZ] Mining and quarrying 60 113.9 3.9 −1.1 2.5
[DZ] Electricity, gas, steam and air-conditioning supply 1204 119.8 −1.5 −1.9 2.1
[EZ] Water supply; sewerage, waste management and remediation 365 115.3 4.1 −4.3 1.7
FZ: CONSTRUCTION 10000 111.6 1.7 −2.5 1.1
  • (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
May/ Apr. Apr./ Mar. Mar./ Feb. Q1 2018/ Q4 2017 2017/ 2016
Industry (BE) −0.01 0.13 −0.03 0.06 −0.01
raw serie 0.22 0.02 −0.04 0.10 −0.02
SA-WDA parameters −0.23 0.11 0.01 −0.04 0.01
Manufacturing industry (CZ) −0.01 0.13 −0.04 0.05 −0.01
raw serie −0.08 0.04 −0.03 0.09 −0.02
SA-WDA parameters 0.07 0.09 −0.01 −0.04 0.01
  • How to read it: in the manufacturing, the SA-WDA variation between April and May 2018 is revised by −0.01 point: −0.08 point are due to the raw series' revision and +0,07 to the new calculation of the SA-WDA.
  • Sources: DGFiP, INSEE