Insee conjoncture

In August 2018, manufacturing output was still growing (+0.6%)Industrial production index - August 2018

In July 2018, output grew again in the manufacturing industry (+0.6% after +0.5% in July). It slowed down in the whole industry (+0.3% after +0.8%).

Informations rapides N° 265
No 265
Principaux indicateurs
Paru le : 10/10/2018
Prochaine parution le : 09/11/2018 at 08:45 - September 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 grew again in the manufacturing industry (+0.6% after +0.5% in July). It slowed down in the whole industry (+0.3% after +0.8%).

Manufacturing output accelerated over the last three months (+1.1%)

Manufacturing output accelerated over the last three months (+1.1%), as well as in the whole industry (+1.0%).

Over the last three months, output increased strongly in the manufacture of transport equipment (+4.7%), and in the manufacture of coke and refined petroleum products (+13.7%). It also increased in “other manufacturing” (+0.6%), in mining and quarrying, energy, water supply (+0.7%) and in the manufacture of machinery and equipment goods (+0.4%). Conversely, it diminished in the manufacture of food products and beverages (−1.2%).

Over a year, manufacturing output increased (+1.9%)

Manufacturing output of the last three months increased compared to the same three months of 2017 (+1.9%), as well as in the whole industry (+1.8%).

Over a year, output expanded markedly in “other manufacturing” (+2.0%), in the manufacture of transport equipment (+4.7%), in the manufacture of machinery and equipment goods (+2.5%) and in mining and quarrying, energy, water supply (+1.2%). On the contrary, it kept decreasing in the manufacture of food products and beverages (−1.4%) and in the manufacture of coke and refined petroleum products (−3.9%).

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) Aug. / July July / June Q-o-Q change (1) Year-on-year change (2)
BE: INDUSTRY 0,3 0,8 1,0 1,8
CZ: Manufacturing 0,6 0,5 1,1 1,9
(C1): Manufacture of food products and beverages 0,5 –1,0 –1,2 –1,4
(C2): Manufacture of coke and refined petroleum products –0,9 4,0 13,7 –3,9
(C3): Machinery and equipment goods 1,0 2,2 0,4 2,5
(C4): Manufacture of transport equipment –2,4 4,3 4,7 4,7
(C5): Other manufacturing 1,4 –0,6 0,6 2,0
DE: Mining and quarrying; energy; water supply; waste management –1,2 2,0 0,7 1,2
FZ: CONSTRUCTION 0,2 –1,3 2,5 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] Aug. 2018 Aug. / July July / June Quarter-on-quarter change
BE: INDUSTRY 104,7 0,3 0,8 1,0
CZ: Manufacturing 105,5 0,6 0,5 1,1
(C1): Man. of food products and beverages 97,8 0,5 –1,0 –1,2
(C2): Man. of coke and refined petroleum products 97,4 –0,9 4,0 13,7
(C3): Machinery and equipment goods 106,9 1,0 2,2 0,4
[CI] Man. of computer, electronic and optical products 112,2 2,7 2,8 –1,5
[CJ] Man. of electrical equipment 100,3 0,8 –1,2 1,3
[CK] Man. of machinery and equipment n.e.c. (1) 105,6 –0,5 3,6 2,0
(C4): Man. of transport equipment 115,6 –2,4 4,3 4,7
[CL1] Man. of motor vehicles, trailers and semi-trailers 109,9 –4,7 2,3 –0,2
[CL2] Man. of other transport equipment 120,2 –0,7 5,8 8,8
(C5): Other manufacturing 104,9 1,4 –0,6 0,6
[CB] Man. of textiles, wearing apparel, leather and related products 96,9 –1,1 3,4 2,1
[CC] Man. of wood and paper products; printing and reproduction of recorded media 100,4 0,7 –1,7 –0,2
[CE] Man. of chemicals and chemical products 108,7 7,3 –4,8 –0,3
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 108,5 –3,9 2,3 2,3
[CG] Man. of rubber and plastics products, and other non-metallic mineral products 107,2 0,1 0,3 0,9
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 103,0 0,6 –0,6 –0,5
[CM] Other manufacturing; repair and installation of machinery and equipment 103,8 2,4 0,1 1,5
DE: Mining and quarrying; energy; water supply; waste management 100,3 –1,2 2,0 0,7
[BZ] Mining and quarrying 107,9 1,3 1,1 1,6
[DZ] Electricity, gas, steam and air-conditioning supply 100,5 –1,4 1,9 0,9
[EZ] Water supply; sewerage, waste management and remediation 94,2 –0,5 3,1 –1,5
FZ: CONSTRUCTION 102,6 0,2 –1,3 2,5
MIGs (2)
Capital goods 109,8 –0,2 2,6 2,3
Intermediate goods 103,4 2,1 –1,9 –0,1
Consumer durables 103,8 3,0 –0,1 1,1
Consumer non-durables 102,7 –0,2 0,6 0,4
Energy 99,7 –1,3 2,1 1,4
  • (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 August, output bounced back in “other manufacturing” (+1.4% after −0.6%)

Output bounced back in chemicals (+7.3% after −4.8%). It gained momentum in other manufacturing, repair and installation of machinery and equipment (+2.4% after +0.1%). It bounced back in the manufacture of basic metals and fabricated metal products (+0.6% after −0.6%) and in that of wood, paper and printing industries (+0.7% after −1.7%). It was virtually stable in rubber and plastics products, and other non-metallic mineral products (after +0.3%). Conversely, it slipped back in textiles, wearing apparel, leather and related products (−1.1% after +3.4%) and in pharmaceuticals (−3.9% after +2.3%).

Output kept growing in machinery and equipment goods (+1.0% after +2.2%)

Output continued to increase in the manufacture of computer, electronic and optical products (+2.7% after +2.8%). It bounced back in that of electrical equipment (+0.8% after –1.2%). On the contrary, it slipped back in that of machinery and equipment n.e.c. (–0.5% after +3.6%).

Output bounced back in the manufacture of food products and beverages (+0.5% after −1.0%)

Output bounced back particularly in the manufacture of soft drinks; production of mineral waters and other bottled waters due to hot temperatures in August.

Output slipped back in the manufacture of transport equipment (−2.4% after +4.3%)

Output slipped back markedly in the manufacture of motor vehicles, trailers and semi-trailers (−4.7% after +2.3%) and in that other transport equipment (−0.7% after +5.8%).

Output slipped back in mining and quarrying; energy; water supply (−1.2% after +2.0%)

Output went down in electricity, gas, steam and air-conditioning supply (−1.4% after +1.9%).

Output dropped in the manufacture of coke and refined petroleum products (−0.9% after +4.0%)

Output dropped in the manufacture of coke and refined petroleum products decreased.

Tableau3a – Revision of variations

(in percentage point)
Revision of variations
July / June June / May May / April Q2 2018 / Q1 2018 2017 / 2016
Industry (BE) 0,06 –0,05 0,02 0,03 –0,03
raw serie 0,13 –0,02 0,05 0,01 –0,03
SA-WDA parameters –0,07 –0,03 –0,03 0,02 0,00
Manufacturing (CZ) 0,04 –0,04 0,04 0,05 –0,04
raw serie 0,11 –0,03 0,04 0,01 –0,03
SA-WDA parameters –0,07 –0,01 0,00 0,04 –0,01
  • How to read it: in the manufacturing sector, the SA-WDA variation between June 2018 and July 2018 is revised by +0.04 points, +0.11 points are due to the revision of the raw series and −0.07 points to the updating of the SA-WDA parameters.
  • Sources: INSEE, SSP, SDES