Informations Rapides · 7 May 2021 · n° 122
In March, manufacturing output recovered slightly (+0,4%) Industrial production index - March 2021

In March 2021, output increased in the manufacturing industry (+0.4%, after −4.8%), as well as in the whole industry (+0.8%, after −4.8%). Compared to February 2020 (the last month before the first general lockdown), output remained in sharp decline in the manufacturing industry (−6.8%), as well as in the whole industry (−5.9%).

Informations rapides

N^o 122

Paru le :Paru le07/05/2021

Prochaine parution le : 04/10/2024 at 08:45 - August 2024

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All series are seasonally (SA) and working-day adjusted (WDA).

In the following paragraphs, percentage changes by subsections are presented in descending order of their contribution to the overall percentage change of the industrial production index. The contribution of a subsection takes into account its weight and the magnitude of its evolution.

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In March 2021, output increased in most major industrial activities
Compared to the first quarter of 2020, manufacturing output rose (+1.7%)
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tableauMonthly Industrial Production Indices

Monthly Industrial Production Indices
	(C1)	(C3)	(C4)	(C5)	CZ
2015-01	98.85	98.77	98.36	99.24	99.02
2015-02	97.96	97.19	102.78	99.28	99.33
2015-03	100.25	98.64	100.41	99.52	99.83
2015-04	99.76	99.76	97.67	99.99	99.62
2015-05	100.41	103.22	99.62	100.34	100.65
2015-06	100.82	103.04	100.4	99.56	100.27
2015-07	100.44	97.24	96.57	99.32	98.74
2015-08	99.92	99.72	102.95	99.35	99.86
2015-09	101.02	104.54	102.53	100.3	101.37
2015-10	100.32	101.33	102.03	99.99	100.58
2015-11	99.79	98.19	97.55	100.63	99.71
2015-12	100.47	98.36	99.12	102.48	101.02
2016-01	100.78	98.62	107.23	102.41	102.24
2016-02	99.8	100.48	105.52	99.65	100.62
2016-03	100.02	97.31	102.67	99.23	99.61
2016-04	98.27	98.24	108.24	100.21	100.77
2016-05	97.7	97.72	103.25	100.44	99.77
2016-06	97.53	96.2	105.02	99.35	99.06
2016-07	98.85	96.26	100.5	99.94	99.33
2016-08	100.07	99.99	104.77	101.07	101.25
2016-09	100.46	99.0	101.67	100.43	100.39
2016-10	99.14	95.1	104.47	98.55	99.03
2016-11	100.13	100.65	105.42	102.66	102.47
2016-12	99.64	100.23	103.8	100.67	100.94
2017-01	97.56	97.6	106.31	100.6	100.4
2017-02	98.88	99.91	103.44	101.18	100.8
2017-03	98.91	100.75	109.26	102.43	102.42
2017-04	98.4	100.32	103.43	102.06	101.38
2017-05	99.62	104.64	109.45	103.56	103.81
2017-06	99.08	101.82	106.11	103.41	102.85
2017-07	99.5	102.02	109.47	103.47	103.33
2017-08	100.44	100.71	113.58	102.63	103.4
2017-09	99.67	101.56	112.36	104.24	104.11
2017-10	99.3	104.87	112.37	105.68	105.29
2017-11	100.04	101.47	114.91	105.92	105.49
2017-12	99.08	106.18	112.82	107.02	106.27
2018-01	99.0	100.29	112.92	102.99	103.21
2018-02	98.8	99.9	107.38	102.87	102.34
2018-03	100.03	102.37	107.57	104.79	103.9
2018-04	99.74	98.25	113.87	104.72	103.92
2018-05	100.25	99.09	109.63	103.29	102.59
2018-06	99.3	100.58	114.43	105.31	104.65
2018-07	98.99	101.26	116.76	103.83	104.21
2018-08	100.35	101.72	114.06	105.3	105.0
2018-09	98.31	99.64	111.96	104.55	103.71
2018-10	99.36	102.73	110.53	105.26	104.52
2018-11	98.06	100.45	114.38	104.56	103.99
2018-12	99.42	99.23	119.66	105.38	105.19
2019-01	100.09	103.58	115.18	105.29	105.39
2019-02	99.36	103.25	115.0	106.22	105.7
2019-03	98.57	106.09	115.26	105.25	105.42
2019-04	100.04	107.04	111.26	104.86	105.01
2019-05	99.17	104.9	115.03	107.12	106.27
2019-06	98.99	103.19	110.03	104.81	103.93
2019-07	98.37	102.77	113.08	105.35	104.54
2019-08	98.2	99.79	112.95	104.41	103.61
2019-09	99.66	105.1	112.22	105.83	105.12
2019-10	99.12	102.25	109.19	106.99	104.68
2019-11	99.33	102.07	114.69	104.94	104.38
2019-12	99.03	98.17	108.01	103.5	102.1
2020-01	98.32	101.84	105.36	104.2	102.46
2020-02	99.53	103.1	108.27	105.85	104.17
2020-03	96.9	78.75	71.14	85.41	83.93
2020-04	88.98	61.05	37.91	66.16	65.24
2020-05	90.51	78.9	54.55	82.85	79.36
2020-06	96.56	91.15	75.13	93.83	90.94
2020-07	99.21	97.51	80.97	97.46	94.96
2020-08	97.33	93.56	83.94	99.42	95.46
2020-09	97.73	96.39	93.16	100.64	97.97
2020-10	97.08	97.24	90.37	102.11	98.47
2020-11	97.62	99.71	92.18	102.74	99.47
2020-12	95.51	96.28	93.71	102.08	98.21
2021-01	98.91	104.97	90.93	105.64	101.6
2021-02	96.41	99.32	80.77	101.3	96.75
2021-03	97.65	99.76	81.13	101.29	97.12

Legend: CZ: Manufacturing - (C1): Manufacture of food products and beverages - (C3): Machinery and equipment goods - (C4): Manufacture of transport equipment - (C5): Other manufacturing.

graphiqueMonthly Industrial Production Indices

Chargement en cours — 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*

In March 2021, output increased in most major industrial activities

In March, output bounced back in mining and quarrying, energy, water supply (+2.9% after −5.0%) and in the manufacture of food products and beverages (+1.3% after −2.5%). It continued to expand in the manufacture of coke and refined petroleum after the shutdown of several refineries in late 2020 (+7.0% after +12.2%). Output grew moderately in the manufacture of machinery and equipment goods (+0.4% after −5.4%) and in the manufacture of transport equipment (+0.4% after −11.2%). It was unchanged in “other manufacturing” (stability after −4.1%).

In March 2021, output yet remained in sharp decline compared to its February 2020 level in most industrial activities. It slumped in the manufacture of transport equipment (−25.1%), more sharply in the manufacture of other transport equipment (−29.6%) than in the manufacture of motor vehicles, trailers and semi-trailers (−18.1%). It also plummeted in the manufacture of coke and refined petroleum (−14.9%). Compared to February 2020, output decreased more moderately in “other manufacturing” (−4.3%) and in the manufacture of machinery and equipment goods (−3.2%), thanks in particular to the sub-branches of pharmaceuticals (+5.4%) and electrical equipment (+4.3%).

tableauVariation in the Industrial Production

2015 based, SA–WDA changes in %

Variation in the Industrial Production (2015 based, SA–WDA changes in %)
NA : A10, (A17), [A38 or A64]	March 2021	March 2021 / Feb. 2021	Feb. 2021 / Jan. 2021	March 2021 / Feb. 2020	Quarter–on–quarter change (3)	Year–on–year change (4)
BE: INDUSTRY	97.2	0.8	–4.8	–5.9	–0.2	1.7
CZ: Manufacturing	97.1	0.4	–4.8	–6.8	–0.2	1.7
(C1): Man. of food products and beverages	97.7	1.3	–2.5	–1.9	1.0	–0.6
(C2): Man. of coke and refined petroleum products	57.5	7.0	12.2	–14.9	–9.1	–10.0
(C3): Machinery and equipment goods	99.8	0.4	–5.4	–3.2	3.7	7.2
[CI] Man. of computer, electronic and optical products	102.8	2.1	–9.0	–5.8	4.4	1.5
[CJ] Man. of electrical equipment	98.9	–1.8	0.6	4.3	7.8	15.6
[CK] Man. of machinery and equipment n.e.c. (1)	97.0	0.1	–5.1	–4.8	0.6	8.7
(C4): Man. of transport equipment	81.1	0.4	–11.2	–25.1	–8.5	–11.2
[CL1] Man. of motor vehicles, trailers and semi–trailers	84.1	–5.5	–8.0	–18.1	–8.9	5.1
[CL2] Man. of other transport equipment	79.2	5.5	–13.7	–29.6	–8.1	–20.9
(C5): Other manufacturing	101.3	0.0	–4.1	–4.3	0.4	4.3
[CB] Man. of textiles, wearing apparel, leather and related products	93.4	–0.5	–1.7	–8.4	–4.2	4.6
[CC] Man. of wood and paper products; printing and reproduction of recorded media	94.4	0.0	–1.1	–6.5	–0.3	0.4
[CE] Man. of chemicals and chemical products	104.8	2.5	–1.9	–2.3	–4.5	2.9
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations	123.1	–1.9	–14.1	5.4	8.7	4.3
[CG] Man. of rubber and plastics products, and other nonmetallic mineral products	101.1	0.5	–3.1	–5.2	0.2	8.5
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment	92.9	–1.1	–3.4	–7.2	2.1	6.9
[CM] Other manufacturing; repair and installation of machinery and equipment	102.1	0.0	–2.7	–5.3	–0.2	2.1
DE: Mining and quarrying; energy; water supply; waste management	97.4	2.9	–5.0	–0.5	–0.1	1.7
[BZ] Mining and quarrying	103.9	–0.9	–2.3	1.9	5.5	15.1
[DZ] Electricity, gas, steam and air–conditioning supply	97.4	3.2	–5.6	–0.6	–0.5	1.2
[EZ] Water supply; sewerage, waste management and remediation	94.7	2.3	–1.3	–0.5	0.9	0.5
FZ: CONSTRUCTION	91.5	–7.3	–4.9	–10.6	2.5	10.5
MIGs (2)
Capital goods	93.7	0.8	–6.6	–12.2	–2.2	–1.8
Intermediate goods	97.2	–0.1	–2.4	–4.4	0.0	5.7
Consumer durables	108.6	–4.1	–3.0	–4.5	4.9	18.9
Consumer non–durables	103.0	0.6	–5.8	–1.8	2.0	1.0
Energy	94.1	3.2	–4.5	–1.4	–0.7	0.6

(1) n.e.c. : not elsewhere classifiable
(2) Main industrial groupings: definition in Commission regulation EC of 14 June 2007
(3) Last three months / previous three months
(4) Last three months / same three months of previous year
// Not available
Sources: INSEE, SSP, SDES

Compared to the first quarter of 2020, manufacturing output rose (+1.7%)

Over the first quarter of 2021, manufacturing output was up compared to the same quarter of 2020 (+1.7%), as well as output in the whole industry (+1.7%). However, this relatively moderate evolution masks very large differences between months, given that the beginning of the general lockdown took place in mid-March 2020.

Over this one-year period, because of a significant “base effect” with the marked decline in activity in March 2020, output increased sharply in “other manufacturing” (+4.3%) and in the manufacture of machinery and equipment goods (+7.2%) and more slightly in mining and quarrying, energy, water supply (+1.7%). Conversely it slumped in the manufacture of transport equipment (−11.2%) and in the manufacture of coke and refined petroleum products (−10.0%). It decreased modestly in the manufacture of food products and beverages (−0.6%).

tableauRevision of variations

(in percentage point)

Revision of variations ((in percentage point))
	Feb. / Jan.	Jan. / Dec.	Dec. / Nov.	Q4 2020 / Q3 2020	2020 / 2019
Industry (BE)	–0.07	0.10	0.07	–0.03	0.03
raw serie	–0.10	0.11	0.04	0.01	0.03
SA–WDA parameters	0.03	–0.01	0.03	–0.04	0.00
Manufacturing (CZ)	–0.14	0.13	0.08	–0.02	0.04
raw serie	–0.10	0.12	0.06	0.01	0.05
SA–WDA parameters	–0.04	0.01	0.02	–0.03	–0.01

How to read it: in the manufacturing sector, the SA–WDA variation between January and February 2021 is revised by –0.14 points, –0.10 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