Insee
Informations Rapides · 2 February 2024 · n° 31
Informations rapidesIn December 2023, manufacturing output expanded (+1.2%) Industrial production index - December 2023

In December 2023, output expanded over a month in the manufacturing industry (+1.2% after +0.2%) and the whole industry (+1.1% after +0.5%).

Informations rapides
No 31
Paru le :Paru le02/02/2024
Prochaine parution le : 05/03/2024 at 08:45 - January 2024
Warning

In some sectors, the change of production between November and December was boosted by an atypical seasonal pattern not taken into account by the models used for seasonal and working-day adjustments. As a result, the increase in production in December may be overestimated in the seasonally adjusted figures.

In 2023, an unusually high share of the end-of-year school vacations took place in January, rather than being concentrated mainly in December as usual.

The seasonal and working-day adjustments models do not take into account this infrequent situation. The correction made by these models consists in inflating the index for December 2023 on the basis of a number of working days below the average for this type of month (December 2023 includes 5 full weekends, plus the Christmas Monday), whereas the production is finally higher than expected due to the shift in vacations.

In December 2023, output expanded over a month in the manufacturing industry (+1.2% after +0.2%) and the whole industry (+1.1% after +0.5%).

Monthly Industrial Production Indices

Monthly Industrial Production Indices
(C1) (C3) (C4) (C5) CZ
2023-12 97.01 102.86 97.1 103.88 101.32
2023-11 95.61 105.41 95.58 101.75 100.1
2023-10 96.51 103.94 95.32 101.49 99.89
2023-09 96.43 104.82 93.14 101.82 99.92
2023-08 98.06 105.33 97.86 101.27 100.58
2023-07 99.35 104.62 93.83 102.23 100.65
2023-06 98.97 105.28 95.38 101.08 100.3
2023-05 99.64 106.98 96.03 101.91 101.19
2023-04 98.15 105.82 94.46 101.24 99.94
2023-03 99.05 104.06 93.42 101.12 99.53
2023-02 99.38 105.11 93.25 102.15 100.65
2023-01 97.77 104.27 88.48 101.57 99.29
2022-12 98.43 102.17 93.15 102.79 100.37
2022-11 100.87 104.31 88.59 104.44 101.3
2022-10 100.19 99.39 88.51 102.02 98.82
2022-09 100.16 104.65 90.02 103.9 101.1
2022-08 100.63 102.52 91.51 104.43 101.43
2022-07 100.21 98.52 85.48 101.36 98.27
2022-06 101.32 101.54 86.87 103.59 100.26
2022-05 99.19 97.92 83.99 103.51 98.95
2022-04 99.7 97.51 81.32 102.12 97.84
2022-03 101.29 99.01 77.95 103.74 98.75
2022-02 101.78 100.46 79.71 102.94 98.83
2022-01 102.08 98.66 82.3 104.81 99.98
2021-12 101.04 100.4 82.98 100.24 97.66
2021-11 102.07 98.07 77.87 101.41 97.47
2021-10 101.89 100.0 84.09 102.53 99.1
2021-09 100.47 99.94 75.57 101.84 97.31
2021-08 100.22 98.35 81.56 103.41 98.68
2021-07 101.58 98.06 83.54 101.73 98.22
2021-06 101.0 99.22 79.16 101.94 97.84
2021-05 99.1 98.01 79.59 101.47 97.08
2021-04 98.92 100.08 82.27 102.26 98.12
2021-03 99.58 98.63 83.33 102.09 98.09
2021-02 97.73 98.08 80.55 100.93 96.66
2021-01 100.0 100.9 89.9 105.02 100.87
2020-12 97.74 95.29 89.55 101.66 97.79
2020-11 98.89 97.04 91.09 102.97 99.35
2020-10 98.9 96.81 91.35 102.47 99.15
2020-09 99.96 93.76 92.86 100.53 97.98
2020-08 98.49 91.8 82.38 99.81 95.52
2020-07 98.92 95.19 80.65 98.04 94.95
2020-06 97.83 90.22 75.83 93.53 91.02
2020-05 91.68 77.8 56.5 82.5 79.54
2020-04 90.32 60.34 39.2 66.01 65.57
2020-03 97.15 77.73 73.04 85.09 84.04
2020-02 101.16 102.38 109.63 105.68 104.5
2020-01 99.39 100.85 104.66 103.98 102.35
2019-12 99.07 98.72 105.12 103.84 101.98
2019-11 98.92 100.71 112.16 104.86 103.72
2019-10 99.25 100.96 111.14 107.02 104.85
2019-09 100.13 104.26 113.48 105.55 105.12
2019-08 98.04 100.82 112.57 104.59 103.78
2019-07 97.8 102.06 113.42 105.66 104.55
2019-06 98.85 103.54 112.14 104.7 104.16
2019-05 99.12 105.25 117.68 107.01 106.58
2019-04 100.25 107.56 113.82 105.37 105.73
2019-03 98.64 105.44 116.37 105.35 105.52
2019-02 99.52 102.67 116.53 106.06 105.75
2019-01 99.93 103.03 114.78 105.08 105.11
2018-12 99.19 99.68 120.01 105.32 105.23
2018-11 97.72 99.66 112.23 104.54 103.53
2018-10 99.16 102.13 112.59 105.44 104.79
2018-09 98.36 99.46 112.21 104.27 103.58
2018-08 100.04 101.89 113.63 105.13 104.82
2018-07 98.43 101.34 117.26 103.95 104.25
2018-06 99.04 100.76 116.13 105.14 104.74
2018-05 99.93 99.41 111.79 103.17 102.77
2018-04 99.59 98.77 116.09 105.08 104.43
2018-03 99.89 102.33 107.73 104.89 103.94
2018-02 98.65 99.85 108.41 102.67 102.33
2018-01 98.67 99.29 112.22 102.71 102.77
2017-12 98.79 106.63 111.12 106.83 105.96
2017-11 99.8 101.25 112.81 105.78 105.07
2017-10 99.04 104.79 112.51 105.87 105.38
2017-09 99.51 101.33 111.41 104.14 103.87
2017-08 100.08 100.69 114.05 102.84 103.51
2017-07 99.17 101.8 109.92 103.41 103.27
2017-06 98.83 102.27 105.52 103.22 102.69
2017-05 99.36 104.77 109.37 103.5 103.74
2017-04 98.17 100.58 103.13 102.06 101.34
2017-03 98.72 100.65 108.77 102.68 102.45
2017-02 98.67 100.03 103.36 101.06 100.71
2017-01 97.24 97.18 105.05 100.52 100.07
2016-12 99.63 100.2 103.31 100.36 100.7
2016-11 100.03 100.3 105.66 102.56 102.38
2016-10 98.91 95.05 104.99 98.65 99.12
2016-09 100.39 98.99 100.9 100.27 100.18
2016-08 99.88 99.88 104.98 101.47 101.45
2016-07 98.61 96.05 100.37 100.13 99.35
2016-06 97.48 96.32 105.17 99.3 99.06
2016-05 97.61 97.89 103.51 100.4 99.79
2016-04 98.14 98.16 107.95 100.24 100.71
2016-03 99.92 97.18 101.37 99.22 99.38
2016-02 99.7 100.73 105.75 99.9 100.81
2016-01 100.47 98.25 106.39 102.27 101.95
2015-12 100.61 98.44 99.43 102.25 100.97
2015-11 99.72 98.29 97.84 100.62 99.74
2015-10 100.1 101.24 100.94 99.81 100.28
2015-09 100.9 104.41 102.62 100.28 101.34
2015-08 99.88 99.95 103.71 99.99 100.34
2015-07 100.37 97.0 96.73 99.33 98.73
2015-06 100.85 103.26 100.05 99.67 100.31
2015-05 100.37 103.31 100.76 100.16 100.72
2015-04 99.85 99.79 97.25 99.82 99.49
2015-03 100.27 98.71 100.51 99.7 99.96
2015-02 98.3 97.33 102.06 99.18 99.25
2015-01 98.78 98.26 98.1 99.18 98.87
  • Legend: CZ: Manufacturing - (C1): Manufacture of food products and beverages - (C3): Machinery and equipment goods - (C4): Manufacture of transport equipment - (C5): Other manufacturing.

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

Over a month, output accelerated in the “other manufacturing” industries

In December 2023, output accelerated in the “other manufacturing” industries (+2.1% after +0.3%). It bounced back in the manufacture of food products and beverages (+1.5% after -0.9%). It also accelerated in the manufacture of transport equipment (+1.6% after +0.3%): it increased again in the manufacture of “other transport equipment” (+2.6% after +3.5%) but was stable in the manufacture of motor vehicles, trailers and semi-trailers (after -4.0%). Output increased slightly in mining and quarrying, energy, water supply (+0.2% after +1.9%). On the contrary, it fell back in the manufacture of machinery and equipment goods (-2.4% after +1.4%) and decreased again in the manufacture of coke and refined petroleum products (‑1.7% after ‑1.7%).

Variation 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] Dec. 2023 Dec. 2023 / Nov. 2023 Nov. 2023 / Oct. 2023 Quarter-on-quarter change (3) Year-on-year change (4)
BE: INDUSTRY 99.6 1.1 0.5 -0.2 1.1
CZ: Manufacturing 101.3 1.2 0.2 0.1 0.3
(C1): Man. of food products and beverages 97.0 1.5 -0.9 -1.6 -3.5
(C2): Man. of coke and refined petroleum products 80.7 -1.7 -1.7 -1.4 23.5
(C3): Machinery and equipment goods 102.9 -2.4 1.4 -0.8 2.1
[CI] Man. of computer, electronic and optical products 108.2 -6.2 1.3 0.0 6.2
[CJ] Man. of electrical equipment 96.7 6.9 0.4 0.1 -3.7
[CK] Man. of machinery and equipment n.e.c. (1) 101.0 -3.2 2.1 -2.1 1.1
(C4): Man. of transport equipment 97.1 1.6 0.3 1.1 6.6
[CL1] Man. of motor vehicles, trailers and semi-trailers 93.6 0.0 -4.0 -0.2 3.8
[CL2] Man. of other transport equipment 99.9 2.6 3.5 2.1 8.6
(C5): Other manufacturing 103.9 2.1 0.3 0.6 -0.7
[CB] Man. of textiles, wearing apparel, leather and related products 107.3 -1.4 2.7 1.0 4.7
[CC] Man. of wood and paper products; printing and reproduction of recorded media 86.0 1.9 -2.1 -2.1 -6.8
[CE] Man. of chemicals and chemical products 101.3 -1.5 0.1 2.5 6.1
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 136.0 3.1 4.4 4.8 -0.1
[CG] Man. of rubber and plastics products, and other nonmetallic mineral products 95.9 5.7 -1.3 -1.5 -6.0
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 95.2 2.7 1.2 0.6 -0.1
[CM] Other manufacturing; repair and installation of machinery and equipment 111.1 2.2 -1.0 -0.5 -1.4
DE: Mining and quarrying; energy; water supply; waste management 90.5 0.2 1.9 -1.7 5.9
[BZ] Mining and quarrying 92.9 10.2 -6.0 -7.1 -8.6
[DZ] Electricity, gas, steam and air-conditioning supply 90.9 -0.3 2.6 -1.8 7.9
[EZ] Water supply; sewerage, waste management and remediation 85.8 1.5 -1.5 1.4 -5.9
FZ: CONSTRUCTION 103.2 3.0 -1.1 -1.2 -2.8
MIGs (2)
Capital goods 102.7 0.1 0.7 0.0 3.0
Intermediate goods 94.4 2.1 -0.4 0.0 -2.1
Consumer durables 114.1 5.7 -8.9 -1.7 -2.3
Consumer non-durables 108.0 1.6 0.9 0.3 -1.3
Energy 89.5 -0.3 2.0 -1.5 7.2
  • (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
  • Sources: INSEE, SSP, SDES.

Over a year, manufacturing output was up by 0.3%

Cumulative output over the last quarter 2023 was slightly higher than that of the same quarter of 2022 in the manufacturing industry (+0.3%), while it increased more markedly in the whole industry (+1.1%) due to the upturn in electricity production.

Over this one-year period, output expanded markedly in mining and quarrying, energy, water supply (+5.9%), in the manufacture of transport equipment (+6.6%) and in the manufacture of machinery and equipment goods (+2.1%). It increased strongly in the manufacture of coke and refined petroleum products (+23.5%), due to the strikes that had affected the refineries in October 2022. On the contrary, output declined in the manufacture of food products and beverages (‑3.5%) and in the “other manufacturing” industries (‑0.7%).

Output in some energy-intensive industries remained lower compared to the level of 2021

In the context of high electricity and gas prices invoiced to firms given the contracts agreed in 2022 for 2023, energy-intensive industries are particularly exposed to rising –or persistently high– production costs, which may affect their output. Output over the last three months (October to December 2023) remained thus down sharply compared to that of the second quarter of 2021 (last quarter before the sharp rise of energy prices), particularly in the manufacture of pulp, paper and paperboard (‑19.7%), the manufacture of basic iron and steel and of ferro-alloys (‑18.9%), the manufacture of glass and glass products (-13.9%) and the manufacture of basic chemicals (‑10.9%).

Monthly industrial production index in five energy-intensive industries

Monthly industrial production index in five energy-intensive industries
Pulp, paper and paperboard (171) Basic chemicals (201) Glass and glass products (231) Basic iron and steel and ferro-alloys (241) Basic precious and other non-ferrous metals (244)
2023-12 67.36 85.75 87.81 74.85 89.89
2023-11 66.82 90.49 90.39 74.58 85.82
2023-10 66.51 91.04 90.82 67.76 85.4
2023-09 68.1 89.32 94.11 74.72 82.37
2023-08 67.85 81.6 94.61 74.36 84.48
2023-07 67.35 82.61 98.19 50.61 82.39
2023-06 59.62 83.54 99.82 40.78 85.82
2023-05 65.88 89.13 104.42 57.43 84.14
2023-04 65.41 82.46 102.79 71.32 83.87
2023-03 59.76 79.68 101.21 72.67 83.6
2023-02 66.55 84.61 102.68 52.3 82.81
2023-01 66.5 78.85 103.75 72.69 79.57
2022-12 67.61 78.65 106.92 68.74 85.23
2022-11 71.26 77.2 106.95 73.41 79.8
2022-10 77.23 74.02 115.48 76.49 80.11
2022-09 77.68 84.93 114.51 70.39 83.19
2022-08 77.62 86.74 107.95 83.68 83.95
2022-07 79.08 94.38 106.4 77.95 86.21
2022-06 81.99 96.2 108.95 85.79 86.11
2022-05 83.15 94.17 108.55 83.81 87.44
2022-04 82.4 93.29 108.23 83.88 86.11
2022-03 85.97 98.68 113.29 81.91 89.94
2022-02 85.6 95.82 109.38 87.2 84.17
2022-01 86.21 101.03 110.16 86.71 87.8
2021-12 87.26 103.38 111.2 88.56 86.11
2021-11 85.19 103.61 109.93 89.33 94.01
2021-10 81.21 99.59 107.46 89.23 91.43
2021-09 82.47 98.13 106.17 90.37 83.87
2021-08 84.26 97.29 104.58 88.49 92.02
2021-07 83.51 99.98 106.64 91.07 92.7
2021-06 83.21 100.91 104.35 87.84 92.38
2021-05 82.72 96.8 104.07 88.98 89.0
2021-04 84.03 102.29 104.02 91.12 91.09
2021-03 82.79 103.73 98.88 85.69 90.12
2021-02 81.59 99.45 101.45 82.65 89.19
2021-01 81.9 100.37 101.1 82.77 90.79
2020-12 80.14 107.38 98.96 97.47 99.33
2020-11 78.06 107.77 102.82 84.28 89.71
2020-10 77.52 105.88 101.28 67.62 92.23
2020-09 81.61 97.67 101.48 80.1 88.63
2020-08 77.43 85.87 95.43 68.71 85.12
2020-07 79.34 88.39 96.93 66.65 83.74
2020-06 78.96 91.5 92.01 59.08 72.26
2020-05 74.63 88.03 78.01 54.11 70.04
2020-04 76.21 92.2 59.77 51.75 61.2
2020-03 76.83 94.26 80.86 56.47 82.56
2020-02 83.58 102.17 108.04 86.94 100.1
2020-01 82.15 94.6 106.34 87.61 98.61
2019-12 83.68 91.93 101.17 86.68 97.49
2019-11 84.29 96.69 108.26 83.32 98.88
2019-10 85.0 101.98 111.35 84.33 100.94
2019-09 81.74 102.52 110.87 85.36 101.03
2019-08 86.85 99.45 101.29 93.4 98.33
2019-07 85.51 102.6 112.31 89.44 99.3
2019-06 87.69 104.84 110.51 85.11 100.44
2019-05 83.14 105.85 105.52 86.38 103.29
2019-04 88.84 101.59 107.12 87.52 103.08
2019-03 93.2 103.66 106.99 90.65 102.84
2019-02 89.12 107.81 107.88 89.23 104.65
2019-01 90.35 110.65 109.76 87.96 103.93
2018-12 90.3 105.95 109.3 90.33 100.98
2018-11 93.33 98.66 107.59 96.6 101.96
2018-10 94.86 100.48 107.62 95.57 103.19
2018-09 93.76 101.04 107.03 91.06 102.93
2018-08 93.57 101.84 111.64 85.45 105.73
2018-07 93.83 95.97 107.76 92.14 106.22
2018-06 93.19 104.28 108.54 89.83 102.16
2018-05 92.98 104.52 107.4 92.97 102.64
2018-04 91.22 105.42 109.25 92.3 98.78
2018-03 88.84 102.93 109.69 92.99 101.78
2018-02 94.6 100.99 107.74 93.06 97.63
2018-01 95.72 104.43 107.13 96.48 103.32
2017-12 98.78 102.05 109.38 102.03 108.82
2017-11 95.73 110.71 108.55 90.39 104.75
2017-10 98.04 109.53 107.8 93.02 103.93
2017-09 95.99 107.55 106.72 95.69 104.89
2017-08 97.09 108.54 109.27 99.2 106.39
2017-07 96.24 109.21 107.27 97.14 101.05
2017-06 96.26 108.69 102.99 96.55 105.98
2017-05 96.68 108.86 108.54 97.14 102.54
2017-04 97.42 105.14 107.45 104.96 103.81
2017-03 96.34 110.99 106.26 96.78 99.8
2017-02 94.42 101.91 104.94 97.44 102.98
2017-01 94.76 102.41 104.25 96.71 101.56
2016-12 94.35 111.2 106.04 91.46 96.78
2016-11 94.62 102.7 104.38 102.36 101.53
2016-10 93.34 95.73 103.76 96.5 100.87
2016-09 89.35 100.6 99.76 94.86 102.82
2016-08 97.63 101.85 103.14 99.0 90.96
2016-07 95.57 99.81 100.26 93.27 100.32
2016-06 97.73 84.1 101.82 98.15 100.3
2016-05 97.02 91.91 99.25 96.03 98.63
2016-04 96.42 103.79 98.69 97.47 98.91
2016-03 97.4 101.18 98.05 97.86 98.39
2016-02 101.11 105.03 100.81 100.85 97.53
2016-01 99.28 104.36 101.8 96.57 97.54
2015-12 102.36 104.43 100.42 100.69 98.23
2015-11 99.1 101.01 101.49 97.53 99.42
2015-10 95.35 99.71 101.86 96.79 99.82
2015-09 100.3 96.42 101.62 101.93 99.13
2015-08 100.9 100.67 102.15 97.09 101.65
2015-07 99.28 101.13 100.27 92.59 99.59
2015-06 100.23 101.6 100.51 104.74 98.96
2015-05 100.69 102.75 99.93 103.89 102.2
2015-04 98.17 97.83 98.81 98.24 101.39
2015-03 99.7 96.8 99.98 102.85 100.04
2015-02 101.71 98.54 96.53 99.75 100.62
2015-01 102.2 99.11 96.42 103.91 98.95

Monthly industrial production index in five energy-intensive industries

  • Source: INSEE.

The monthly evolution of the November 2023 manufacturing index has been revised downwards

Compared to the previous release, the evolution of the manufacturing index between October and November 2023 has been revised downwards by 0.1 points (after rounding) at +0.2% instead of +0.3%. The evolution of the index for the whole industry is unchanged.

Revision of variations

(in percentage point)
Revision of variations ((in percentage point))
Nov. 2023 / Oct. 2023 Oct. 2023 / Sept. 2023 Sept. 2023 / Aug. 2023 Q3 2023 / Q2 2023 2022 / 2021
Industry (BE) -0.03 -0.22 -0.01 0.13 -0.01
raw serie 0.09 -0.06 0.00 0.03 0.00
SA-WDA parameters -0.12 -0.16 -0.01 0.10 -0.01
Manufacturing (CZ) -0.04 -0.23 0.00 0.15 -0.02
raw serie 0.09 -0.08 0.01 0.04 0.00
SA-WDA parameters -0.13 -0.15 -0.01 0.11 -0.02
  • How to read it: in the manufacturing sector, the SA-WDA variation between October and November 2023 is revised by -0.04 points, +0.09 points are due to the revision of the raw series and -0.13 points to the updating of the SA-WDA parameters.
  • Sources: INSEE, SSP, SDES.

For more information

The methodology of the industrial production index is explained in “Industrial Production Index with Base Year 2015”, Insee Méthodes no 133 – July 2019 (link at the bottom of this page).

Next issue: 5 March 2024 at 08:45 am.

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