29 May 2020

2020
In March 2020, the turnover fell in the manufacturing industry (−14.6%) Turnover in industry and construction - March 2020

In March 2020, the turnover fell in the manufacturing industry (−14.6% after −0.2%) as in industry as a whole (−13.0% after −0.6%).

Export turnover decreased sharply in March (−10.8% after +2.5%).

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Paru le :Paru le29/05/2020

Prochaine parution le : 26/09/2024 at 12:00 - July 2024

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Warning

With the containment of the population since the 17th of March, companies’ value added tax (VAT) declarations, used for the turnover indexes, have been slightly adapted by the Directorate-General for Public Accounting ; therefore, the indexes of services production published here could be revised a little bit more than usual.

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.

All data are corrected for seasonal adjustments and working day adjustments (SA-WDA).

SA-WDA models have been reestimated on a sub-period to adjust indices on the recent past, in order to provide improved fit and better robustness (SA-WDA models were until now estimated on the whole period of indices).

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In March 2020, the turnover declined in all sectors
Sharp decline over the last three months (−5.1%)
Sharp decline compared to the previous year (−6.3%)
Revisions
For further information

In March 2020, the turnover fell in the manufacturing industry (−14.6% after −0.2%) as in industry as a whole (−13.0% after −0.6%).

Export turnover decreased sharply in March (−10.8% after +2.5%).

In March 2020, the turnover declined in all sectors

The turnover in “other manufacturing” declined sharply (−16.1% after −0.8%) in most subsections, except in the manufacture of chemicals and chemical products and pharmaceutical preparations (+8.7% after +1.8%). In the manufacture of transport equipment, the turnover fell drastically (−20.0% after +3.5%), especially in automotive industry (−41.3% after −0.3%). It fell sharply in the manufacture of machinery and equipment goods (−16.5% after −2.5%) with a more modest drop in the manufacture of computer, electronic and optical products (−1.3% after −7.7%). The turnover decreased less sharply in the manufacture of food products and beverages (−3.7% after −0.7%) and in energy (−5.5% after −2.8%). It slumped in the manufacture of coke and refined petroleum products (−24.2% after −0.4%).

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tableauTurnover in manufacturing industry

2015 based SA-WDA

Turnover in manufacturing industry (2015 based SA-WDA)
	Manufacturing industry	Man. of food products and beverages	Man. of transport equipment	Other manufacturing
2016-01	98.75	99.5	100.12	99.89
2016-02	98.38	100.21	97.8	99.82
2016-03	98.27	100.1	101.64	98.12
2016-04	98.57	97.88	102.6	99.06
2016-05	98.36	99.02	101.79	98.48
2016-06	99.58	99.8	109.84	97.44
2016-07	98.27	100.13	99.64	98.12
2016-08	100.76	101.34	106.82	99.68
2016-09	100.94	101.79	105.19	100.28
2016-10	99.2	101.3	100.62	98.12
2016-11	103.11	102.59	108.87	102.08
2016-12	105.65	101.59	126.83	101.5
2017-01	102.28	101.31	105.92	101.37
2017-02	104.62	103.3	106.02	103.74
2017-03	109.17	103.73	133.32	104.78
2017-04	103.16	103.54	104.01	103.03
2017-05	106.27	104.81	113.08	105.88
2017-06	105.85	104.98	110.99	105.68
2017-07	106.56	104.7	113.98	105.97
2017-08	105.27	105.84	105.73	105.55
2017-09	107.49	105.78	115.86	105.79
2017-10	108.26	105.49	118.05	106.24
2017-11	109.38	105.88	119.17	107.77
2017-12	110.31	104.68	120.6	108.97
2018-01	109.4	104.96	119.49	107.85
2018-02	107.07	105.69	108.26	106.52
2018-03	109.82	106.55	121.82	107.44
2018-04	108.81	104.42	117.05	107.62
2018-05	106.41	106.39	99.75	107.45
2018-06	110.77	106.1	116.69	109.88
2018-07	108.57	105.15	113.05	107.24
2018-08	110.92	106.72	116.44	109.08
2018-09	109.5	105.06	113.73	107.66
2018-10	113.51	107.84	125.66	110.94
2018-11	110.75	107.23	116.52	109.5
2018-12	112.31	107.84	119.42	111.83
2019-01	112.39	108.48	120.83	110.29
2019-02	113.88	107.71	127.31	110.34
2019-03	114.12	105.74	131.76	110.93
2019-04	113.62	110.79	124.96	110.25
2019-05	113.75	109.45	125.85	110.66
2019-06	110.53	108.68	119.18	109.27
2019-07	113.18	109.76	129.14	109.17
2019-08	113.37	109.41	129.02	109.88
2019-09	112.84	109.36	126.91	110.34
2019-10	112.32	109.09	126.31	110.21
2019-11	112.01	110.1	123.67	109.54
2019-12	111.8	110.15	123.46	109.05
2020-01	111.92	111.37	121.29	109.47
2020-02	111.72	110.54	125.58	108.62
2020-03	95.43	106.49	100.49	91.18

graphiqueTurnover in manufacturing industry

Chargement en cours — *Sources: DGFiP, INSEE.*

tableauIndexes of turnover in industry and construction

SA-WDA, based year 2015

Indexes of turnover in industry and construction (SA-WDA, based year 2015)
			Change in %
Industries:	Weight (1)	Mar. 2020	Mar. Feb.	Feb./ Jan.	q-o-q (2)
BE: INDUSTRY	10000	98.7	-13.0	-0.6	-4.8
CZ: MANUFACTURING INDUSTRY	8371	95.4	-14.6	-0.2	-5.1
of which Exports	2977	98.5	-10.8	2.5	-4.8
(C1): Man. of food products and beverages	1809	106.5	-3.7	-0.7	-0.3
of which Exports	330	112.1	-0.2	-1.0	1.9
(C2): Man. of coke and refined petroleum products	423	81.5	-24.2	-0.4	-8.0
(C3): Machinery and equipment goods	944	90.2	-16.5	-2.5	-6.3
of which Exports	491	88.6	-14.9	-2.4	-4.8
[CI] Man. of computer, electronic and optical products	286	111.8	-1.3	-7.7	-1.5
[CJ] Man. of electrical equipment	225	79.4	-25.0	1.6	-8.5
[CK] Man. of machinery and equipment n.e.c.	433	81.5	-22.9	-0.7	-8.7
(C4): Man. of transport equipment	1387	100.5	-20.0	3.5	-7.0
of which Exports	738	95.5	-21.2	11.4	-9.1
[CL1] Man. of motor vehicles, trailers and semi-trailers	648	66.3	-41.3	-0.3	-15.2
[CL2] Man. of other transport equipment	739	130.5	-4.5	6.5	-0.8
(C5): Other manufacturing	3808	91.2	-16.1	-0.8	-5.9
of which Exports	1367	101.2	-5.2	0.7	-4.0
[CB] Man. of textiles, wearing apparel, leather and related products	188	73.0	-31.6	-4.4	-10.2
[CC] Man. of wood and paper products; printing and reproduction of recorded media	402	85.5	-15.2	-1.4	-5.5
[CE] Man. of chemicals and chemical products	768	95.6	-7.2	-0.4	-4.2
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations	296	132.7	8.7	1.8	-0.4
[CG] Man. of rubber and plastics products, and other non-metallic mineral products	613	82.6	-26.2	0.0	-7.8
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment	867	82.3	-22.3	-0.6	-8.2
[CM] Other manufacturing; repair and installation of machinery and equipment	673	95.7	-16.7	-1.9	-5.3
DE: Mining and quarrying; energy, water supply, sewerage, waste management	1629	115.3	-5.5	-2.8	-3.4
[BZ] Mining and quarrying	60	74.1	-37.0	-1.6	-8.9
[DZ] Electricity, gas, steam and air-conditioning supply	1204	118.9	-4.9	-3.4	-3.8
[EZ] Water supply; sewerage, waste management and remediation	365	110.0	-2.5	-0.7	-0.7
FZ: CONSTRUCTION	10000	113.1	-3.9	-4.7	-4.0

Note:In the construction sector, taking into account the frequent and sometimes significant lags between activity and invoicing, the change in turnover observed in March does not necessarily reflect the development of the activity of this month in the current special circumstances.
(1) 10000=B...E and F
(2) Quarter-on-quarter: last three months / previous three months
Sources: DGFiP, INSEE

Sharp decline over the last three months (−5.1%)

Over the last three months (January to March), the turnover declined in the manufacturing industry (−5.1%) as in industry as a whole (−4.8%), compared to the previous three months. Within manufacturing, the turnover fell in “other manufacturing” (−5.9%), in the manufacture of transport equipment (−7.0%), in the manufacture of machinery and equipment goods (−6.3%) and also in the manufacture of coke and refined petroleum products (−8.0%). It declined slightly in the manufacture of food products and beverages (−0.3%).

tableauVariation of the turnover in industry and construction

SA-WDA value, Base year 2015

Variation of the turnover in industry and construction (SA-WDA value, Base year 2015)
		Change in %
NA : A 10, (A 17)	Weight (1)	Mar./ Feb.	Feb./ Jan.	q-o-q (2)	y-o-y (3)
BE: INDUSTRY	10000	-13.0	-0.6	-4.8	-5.9
CZ: MANUFACTURING INDUSTRY	8371	-14.6	-0.2	-5.1	-6.3
Of which Exports	2977	-10.8	2.5	-4.8	-5.3
(C1): Manufacture of food products and beverages	1809	-3.7	-0.7	-0.3	2.0
(C2): Manufacture of coke and refined petroleum products	423	-24.2	-0.4	-8.0	-20.8
(C3): Machinery and equipment goods	944	-16.5	-2.5	-6.3	-8.5
(C4): Manufacture of transport equipment	1387	-20.0	3.5	-7.0	-8.6
(C5): Other manufacturing	3808	-16.1	-0.8	-5.9	-6.7
DE: Mining and quarrying; energy; water supply; waste management	1629	-5.5	-2.8	-3.4	-4.5
FZ: CONSTRUCTION	10000	-3.9	-4.7	-4.0	-1.3

Note:In the construction sector, taking into account the frequent and sometimes significant lags between activity and invoicing, the change in turnover observed in March does not necessarily reflect the development of the activity of this month in the current special circumstances.
(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

Sharp decline compared to the previous year (−6.3%)

The turnover over the last three months decreased compared to the same three months of the previous year in the manufacturing industry (−6.3%) as well as in industry as a whole (-5.9%). Over the same period, the turnover fell in “other manufacturing” (−6.7%), in the manufacture of transport equipment (−8.6%), in the manufacture of coke and refined petroleum products (−20.8%), in the manufacture of machinery and equipment goods (−8.5%) and also in mining and quarrying; energy; water supply; waste management (−4.5%). By contrast, it increased in the manufacture of food products and beverages (+2.0%).

tableauRevision of variations

(in point %)

Revision of variations ((in point %))
	Feb./ Jan.	Jan./ Dec.	Dec./ Nov.	Q4 2019/ Q3 2019	2019/ 2018
Industry (BE)	-0.44	-0.44	0.35	0.02	0.01
raw serie	-0.48	-0.01	0.00	0.01	0.00
SA-WDA parameters	0.04	-0.43	0.35	0.01	0.01
Manufacturing industry (CZ)	-0.08	-0.42	0.39	0.05	0.02
raw serie	0.09	-0.01	0.01	0.01	0.00
SA-WDA parameters	-0.17	-0.41	0.38	0.04	0.02

How to read it: in the manufacturing, the SA-WDA variation between January 2020 and February 2020 is revised by -0.08 point: +0.09 point are due to the raw series' revision and -0.17 point to the new calculation of the SA-WDA.
Sources: DGFiP, INSEE

Revisions

The variation of the turnover index in February 2020 has been reestimated at −0.2% instead of −0.1% in the manufacturing industry and at −0.6% instead of −0.2% in industry as a whole.