Insee conjoncture

In July 2018, manufacturing output kept the momentum (+0.5%)Industrial production index - July 2018

In July 2018, output kept growing in the manufacturing industry (+0.5% after +0.7% in June) as well as in the whole industry (+0.7% after +0.7%).

Informations rapides N° 235
No 235
Principaux indicateurs
Paru le : 07/09/2018
Prochaine parution le : 10/10/2018 at 08:45 - August 2018

Please note: all 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 July 2018, output kept growing in the manufacturing industry (+0.5% after +0.7% in June) as well as in the whole industry (+0.7% after +0.7%).

Manufacturing output increased over the last three months (+0.5%)

Manufacturing output grew over the last three months (+0.5%). It was virtually stable in the overall industry.

Over the last three months, output soared in the manufacture of transport equipment (+4.0%). It was almost stable in “other manufacturing”. Conversely, it diminshed sharply in mining and quarrying, energy, water supply (−2.3%) and in the manufacture of coke and refined petroleum products (−3.9%), and more 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 increased (+1.1%)

Manufacturing output of the last three months increased again compared to the same three months of 2017 (+1.1%), as well as in the whole industry (+1.0%).

Over a year, output soared in the manufacture of transport equipment (+5.1%). To a lesser extent, it also grew in “other manufacturing” (+0.9%), in the manufacture of machinery and equipment goods (+0.9%) and in mining and quarrying, energy, water supply (+0.4%). Conversely, output dropped in the manufacture of coke and refined petroleum products (−12.6%) and it went down in the manufacture of food products and beverages (−1.0%).

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) July / June June / May Q-o-Q change (1) Year-on-year change (2)
BE: INDUSTRY 0.7 0.7 0.1 1.0
CZ: Manufacturing 0.5 0.7 0.5 1.1
(C1): Manufacture of food products and beverages –0.9 –0.3 –0.3 –1.0
(C2): Manufacture of coke and refined petroleum products 3.9 25.3 –3.9 –12.6
(C3): Machinery and equipment goods 2.3 –1.5 –0.2 0.9
(C4): Manufacture of transport equipment 3.5 1.9 4.0 5.1
(C5): Other manufacturing –0.5 0.8 0.1 0.9
DE: Mining and quarrying; energy; water supply; waste management 1.8 0.5 –2.3 0.4
FZ: CONSTRUCTION –1.8 5.0 0.4 –0.7
  • (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] July 2018 July / June June / May Quarter-on-quarter change
BE: INDUSTRY 104.3 0.7 0.7 0.1
CZ: Manufacturing 104.8 0.5 0.7 0.5
(C1): Man. of food products and beverages 97.8 –0.9 –0.3 –0.3
(C2): Man. of coke and refined petroleum products 98.2 3.9 25.3 –3.9
(C3): Machinery and equipment goods 105.7 2.3 –1.5 –0.2
[CI] Man. of computer, electronic and optical products 108.1 1.9 –3.8 –2.5
[CJ] Man. of electrical equipment 99.4 –1.0 0.7 1.0
[CK] Man. of machinery and equipment n.e.c. (1) 107.0 4.4 –0.3 1.5
(C4): Man. of transport equipment 117.6 3.5 1.9 4.0
[CL1] Man. of motor vehicles, trailers and semi-trailers 115.8 2.3 1.4 –0.1
[CL2] Man. of other transport equipment 119.1 4.5 2.3 7.5
(C5): Other manufacturing 103.4 –0.5 0.8 0.1
[CB] Man. of textiles, wearing apparel, leather and related products 96.5 2.7 0.4 0.5
[CC] Man. of wood and paper products; printing and reproduction of recorded media 99.6 –1.9 1.3 –0.7
[CE] Man. of chemicals and chemical products 101.7 –3.6 –1.1 –0.6
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 113.3 2.5 1.9 3.7
[CG] Man. of rubber and plastics products, and other non-metallic mineral products 106.2 –0.2 1.3 0.3
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 102.2 –0.6 0.9 –1.8
[CM] Other manufacturing; repair and installation of machinery and equipment 101.7 0.2 0.9 0.8
DE: Mining and quarrying; energy; water supply; waste management 101.5 1.8 0.5 –2.3
[BZ] Mining and quarrying 103.9 –1.1 0.5 1.4
[DZ] Electricity, gas, steam and air-conditioning supply 102.1 1.9 0.8 –2.5
[EZ] Water supply; sewerage, waste management and remediation 94.0 2.3 –2.6 –2.0
FZ: CONSTRUCTION 102.3 –2.4 3.9 –0.3
MIGs (2)
Capital goods 109.8 2.3 0.8 1.4
Intermediate goods 101.0 –1.9 0.1 –0.3
Consumer durables 101.4 –0.2 1.5 –0.1
Consumer non-durables 103.2 0.8 0.4 0.6
Energy 101.1 2.1 1.8 –2.6
  • (1) n.e.c. : not elsewhere classifiable
  • (2) Main industrial groupings: definition in Commission regulation EC of 14 July 2007
  • Sources: INSEE, SSP, SDES

In July, output grew again in the manufacture of transport equipment (+3.5% after +1.9%)

Output accelerated in the manufacture of other transport equipment (+4.5% after +2.3%) and in that of motor vehicles, trailers and semi-trailers (+2.3% after +1.4%).

Output grew again in mining and quarrying; energy; water supply (+1.8% after +0.5%)

Output went up mainly in electricity, gas, steam and air-conditioning supply (+1.9% after +0.8%).

Output bounced back in machinery and equipment goods (+2.3% after −1.5%)

Output bounced back in the manufacture of machinery and equipment n.e.c. (+4.4% after –0.3%) and in that of computer, electronic and optical products (+1.9% after -3.8%). On the contrary, it slipped back in the manufacture of electrical equipment (–1.0% after +0.7%).

Output kept growing in the manufacture of coke and refined petroleum products (+3.9% after +25.3%)

Output in the manufacture of coke and refined petroleum products came back to normal after maintenances during previous months.

Output slipped back in “other manufacturing” (−0.5% after +0.8%)

Output decreased further in chemicals (−3.6% after −1.1%). It slipped back in the manufacture of basic metals and fabricated metal products (−0.6% after +0.9%), in that of wood, paper and printing industries (−1.9% after +1.3%) and in that of rubber and plastics products, and other non-metallic mineral products (−0.2% after +1.3%). Conversely, it grew again in pharmaceuticals (+2.5% after +1.9%), in textiles, wearing apparel, leather and related products (+2.7% after +0.4%) and in other manufacturing, repair and installation of machinery and equipment (+0.2% after +0.9%).

Output decreased again in the manufacture of food products and beverages (−0.9% after −0.3%)

Output went down again in the manufacture of food products and beverages, in particular in the manufacture of beverages and in that of prepared animal feeds.

Tableau3a – Revision of variations

(in percentage point)
Revision of variations
June / May May / April April / March Q2 2018 / Q1 2018 2017 / 2016
Industry (BE) 0.09 0.13 0.02 0.14 0.01
raw serie 0.10 0.06 0.00 0.05 0.01
SA-WDA parameters –0.01 0.07 0.02 0.09 0.00
Manufacturing (CZ) 0.12 0.13 0.06 0.16 0.01
raw serie 0.16 0.08 0.01 0.09 0.01
SA-WDA parameters –0.04 0.05 0.05 0.07 0.00
  • How to read it: in the manufacturing sector, the SA-WDA variation between May 2018 and June 2018 is revised by +0.12 points, +0.16 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