Informations Rapides ·
2 August 2024 · n° 196
In June 2024, manufacturing output bounced back moderately (+0,8 %) Industrial production index - June 2024
In June 2024, output bounced back slightly over a month in the manufacturing industry (+0.8 % after ‑2.7 % in May 2024) and in the whole industry (+0.8 % after ‑2.2 %).
- Over a month, output bounced back in the manufacture of transport equipment
- Over a year, manufacturing output decreased by 1.4 %
- Output in some energy-intensive industries remained low compared to their 2021 level
- The monthly evolution of the May 2024 manufacturing index was unchanged
- For more information
In June 2024, output bounced back slightly over a month in the manufacturing industry (+0.8 % after ‑2.7 % in May 2024) and in the whole industry (+0.8 % after ‑2.2 %).
tableauMonthly Industrial Production Indices
| (C1) | (C3) | (C4) | (C5) | CZ | |
|---|---|---|---|---|---|
| 2024-06 | 97.73 | 98.48 | 114.0 | 98.47 | 100.91 |
| 2024-05 | 98.01 | 99.58 | 110.3 | 97.97 | 100.14 |
| 2024-04 | 98.55 | 104.64 | 110.89 | 101.53 | 102.92 |
| 2024-03 | 99.31 | 101.73 | 113.62 | 100.57 | 102.39 |
| 2024-02 | 99.85 | 102.78 | 111.44 | 100.97 | 102.73 |
| 2024-01 | 98.24 | 100.94 | 114.46 | 99.47 | 101.47 |
| 2023-12 | 97.13 | 100.99 | 120.79 | 101.73 | 103.52 |
| 2023-11 | 95.71 | 106.11 | 119.41 | 100.08 | 102.99 |
| 2023-10 | 97.12 | 104.05 | 118.1 | 99.87 | 102.74 |
| 2023-09 | 96.37 | 104.79 | 115.42 | 99.96 | 102.57 |
| 2023-08 | 97.66 | 104.53 | 119.85 | 98.97 | 102.55 |
| 2023-07 | 98.55 | 105.32 | 113.24 | 99.54 | 102.35 |
| 2023-06 | 98.88 | 106.66 | 118.09 | 98.86 | 102.92 |
| 2023-05 | 98.45 | 107.66 | 121.89 | 100.11 | 104.1 |
| 2023-04 | 98.17 | 104.66 | 117.78 | 98.39 | 101.38 |
| 2023-03 | 98.77 | 104.32 | 116.22 | 98.89 | 101.17 |
| 2023-02 | 98.4 | 105.18 | 118.01 | 99.2 | 102.79 |
| 2023-01 | 98.17 | 104.71 | 109.39 | 98.73 | 101.48 |
| 2022-12 | 98.11 | 101.35 | 115.49 | 100.3 | 102.44 |
| 2022-11 | 100.81 | 104.74 | 106.23 | 101.46 | 102.8 |
| 2022-10 | 99.78 | 99.95 | 107.69 | 99.59 | 99.92 |
| 2022-09 | 99.73 | 105.61 | 109.48 | 101.36 | 102.94 |
| 2022-08 | 100.36 | 102.98 | 112.14 | 101.84 | 103.47 |
| 2022-07 | 99.76 | 98.29 | 105.33 | 99.61 | 100.59 |
| 2022-06 | 100.19 | 102.27 | 106.75 | 101.31 | 102.3 |
| 2022-05 | 98.57 | 99.54 | 102.36 | 101.56 | 101.37 |
| 2022-04 | 99.6 | 97.68 | 100.25 | 99.69 | 99.91 |
| 2022-03 | 101.2 | 99.61 | 96.2 | 101.55 | 101.07 |
| 2022-02 | 101.21 | 100.87 | 100.7 | 100.75 | 101.08 |
| 2022-01 | 102.06 | 99.25 | 101.87 | 102.79 | 102.32 |
| 2021-12 | 101.38 | 101.44 | 101.0 | 98.77 | 100.06 |
| 2021-11 | 102.32 | 98.11 | 94.21 | 99.48 | 99.45 |
| 2021-10 | 100.98 | 100.85 | 104.98 | 100.63 | 101.29 |
| 2021-09 | 99.36 | 100.9 | 89.85 | 99.67 | 98.8 |
| 2021-08 | 99.78 | 99.54 | 99.65 | 100.73 | 100.39 |
| 2021-07 | 100.46 | 98.47 | 103.75 | 100.13 | 100.41 |
| 2021-06 | 100.54 | 100.23 | 95.62 | 99.95 | 99.75 |
| 2021-05 | 99.1 | 98.93 | 97.95 | 99.61 | 99.18 |
| 2021-04 | 98.49 | 100.18 | 99.48 | 99.95 | 99.58 |
| 2021-03 | 100.12 | 100.65 | 101.12 | 99.87 | 100.08 |
| 2021-02 | 97.63 | 98.86 | 100.28 | 98.88 | 98.54 |
| 2021-01 | 99.85 | 101.83 | 112.1 | 102.32 | 102.47 |
- 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
- 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 bounced back in the manufacture of transport equipment
In June 2024*, output bounced back in the manufacture of transport equipment (+3.4 % after ‑0.5 %): in details, it rebounded in the manufacture of motor vehicles, trailers and semi-trailer (+3.3 % after ‑6.2 %) and increased again in the manufacture of “other transport equipment” (+3.4% after +3.2 %). It bounced back partially in the “other manufacturing industries” (+0.5 % after ‑3.5 %). It accelerated sharply in the manufacture of coke and refined petroleum products (+12.3 % after +4.3 %) and increased more moderately in mining and quarrying, energy, water supply (+0.7 % after +0.8 %). On the contrary, it decreased again in the manufacture of machinery and equipment goods (‑1.1 % after ‑4.8 %) and in the manufacture of food products and beverages (‑0.3 % after ‑0.5 %).
* All data in this publication are seasonally and working days adjusted (SA-WDA)
tableauVariation in the Industrial Production
| NA : A10, (A17), [A38 or A64] | June 2024 | June 2024 / May 2024 | May 2024 / April 2024 | Quarter-on-quarter change (3) | Year-on-year change (4) |
|---|---|---|---|---|---|
| BE: INDUSTRY | 99.4 | 0.8 | -2.2 | -0.6 | -1.2 |
| CZ: Manufacturing | 100.9 | 0.8 | -2.7 | -0.9 | -1.4 |
| (C1): Man. of food products and beverages | 97.7 | -0.3 | -0.5 | -1.0 | -0.4 |
| (C2): Man. of coke and refined petroleum products | 146.3 | 12.3 | 4.3 | 6.7 | 2.7 |
| (C3): Machinery and equipment goods | 98.5 | -1.1 | -4.8 | -0.9 | -5.1 |
| [CI] Man. of computer, electronic and optical products | 107.6 | -1.4 | -5.6 | -1.5 | -2.6 |
| [CJ] Man. of electrical equipment | 98.3 | 1.3 | -2.1 | 1.3 | -1.7 |
| [CK] Man. of machinery and equipment n.e.c. (1) | 88.9 | -2.1 | -5.5 | -1.4 | -10.0 |
| (C4): Man. of transport equipment | 114.0 | 3.4 | -0.5 | -1.3 | -6.3 |
| [CL1] Man. of motor vehicles, trailers and semi-trailers | 103.8 | 3.3 | -6.2 | -2.4 | -13.2 |
| [CL2] Man. of other transport equipment | 121.2 | 3.4 | 3.2 | -0.5 | -1.4 |
| (C5): Other manufacturing | 98.5 | 0.5 | -3.5 | -1.0 | 0.2 |
| [CB] Man. of textiles, wearing apparel, leather and related products | 117.8 | 0.4 | -5.2 | 1.4 | -0.4 |
| [CC] Man. of wood and paper products; printing and reproduction of recorded media | 91.9 | -2.2 | 0.4 | 1.7 | 2.1 |
| [CE] Man. of chemicals and chemical products | 94.0 | 2.5 | -3.3 | -1.7 | -1.2 |
| [CF] Man. of basic pharmaceutical products and pharmaceutical preparations | 105.3 | -1.9 | -5.8 | -2.7 | 8.5 |
| [CG] Man. of rubber and plastics products, and other nonmetallic mineral products | 89.3 | 2.2 | -4.7 | -1.0 | -5.7 |
| [CH] Man. of basic metals and fabricated metal products, except machinery and equipment | 92.9 | 0.8 | -3.3 | -1.9 | -2.6 |
| [CM] Other manufacturing; repair and installation of machinery and equipment | 108.5 | 0.0 | -3.1 | -0.4 | 3.0 |
| DE: Mining and quarrying; energy; water supply; waste management | 92.0 | 0.7 | 0.8 | 0.9 | 0.0 |
| [BZ] Mining and quarrying | 80.0 | -0.7 | -2.5 | 1.8 | -9.8 |
| [DZ] Electricity, gas, steam and air-conditioning supply | 93.0 | 1.0 | 1.2 | 1.1 | 0.6 |
| [EZ] Water supply; sewerage, waste management and remediation | 87.2 | -2.3 | -1.2 | -2.1 | -3.0 |
| FZ: CONSTRUCTION | 99.3 | 1.8 | -0.9 | -1.3 | -4.0 |
| MIGs (2) | |||||
| Capital goods | 105.7 | 0.8 | -3.3 | -0.9 | -2.5 |
| Intermediate goods | 92.2 | 0.7 | -2.8 | -1.1 | -2.8 |
| Consumer durables | 103.7 | 0.6 | -3.3 | -1.7 | 0.1 |
| Consumer non-durables | 102.2 | -0.2 | -2.4 | -1.0 | 0.9 |
| Energy | 97.0 | 2.0 | 1.3 | 1.5 | 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
- Sources: INSEE, SSP, SDES.
Over a year, manufacturing output decreased by 1.4 %
Output of the second quarter of 2024 was lower than that of the same quarter a year ago in the manufacturing industry (‑1.4 %) like in the whole industry (‑1.2 %).
Over this one-year period, output in the manufacture of transport equipment and in the manufacture of machinery and equipment goods went down sharply (‑6.3 % and ‑5.1 % respectively). It decreased slightly in the manufacture of food products and beverages (‑0.4 %). On the contrary, it increased in the manufacture of coke and refined petroleum products (+2.7 %), and more slightly in the “other manufacturing industries” (+0.2 %). Output was stable in mining and quarrying, energy, water supply.
Output in some energy-intensive industries remained low compared to their 2021 level
In the context of high electricity and gas prices invoiced to firms given the contracts agreed in 2022 and 2023 for 2024, energy-intensive industries are particularly exposed to rising production costs, which may affect their output. Output of the second quarter of 2024 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 basic iron and steel and of ferro-alloys (‑27.9%), the manufacture of basic chemicals (‑17.1%), the manufacture of glass and glass products (‑14.5%) and the manufacture of pulp, paper and paperboard (‑10.7%).
tableauMonthly 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) | |
|---|---|---|---|---|---|
| 2024-06 | 88.62 | 82.49 | 81.77 | 71.45 | 91.48 |
| 2024-05 | 88.62 | 79.32 | 84.33 | 77.59 | 94.13 |
| 2024-04 | 88.83 | 84.07 | 88.25 | 71.79 | 98.0 |
| 2024-03 | 87.47 | 90.51 | 87.4 | 75.4 | 97.71 |
| 2024-02 | 92.23 | 84.29 | 89.67 | 76.64 | 99.03 |
| 2024-01 | 84.6 | 83.67 | 83.66 | 77.12 | 95.09 |
| 2023-12 | 82.07 | 85.71 | 82.17 | 83.24 | 102.18 |
| 2023-11 | 84.13 | 90.21 | 85.2 | 84.62 | 94.35 |
| 2023-10 | 84.34 | 91.81 | 84.34 | 74.71 | 93.23 |
| 2023-09 | 85.65 | 88.65 | 89.13 | 84.53 | 90.89 |
| 2023-08 | 84.54 | 82.93 | 90.35 | 82.85 | 92.28 |
| 2023-07 | 83.71 | 85.18 | 92.53 | 59.12 | 90.52 |
| 2023-06 | 73.65 | 84.17 | 93.58 | 50.97 | 94.89 |
| 2023-05 | 77.69 | 87.9 | 97.64 | 56.75 | 92.62 |
| 2023-04 | 79.51 | 83.65 | 93.27 | 82.33 | 90.99 |
| 2023-03 | 75.32 | 80.83 | 94.33 | 83.14 | 90.34 |
| 2023-02 | 78.87 | 83.2 | 96.09 | 60.38 | 90.68 |
| 2023-01 | 79.75 | 78.53 | 97.17 | 82.65 | 86.92 |
| 2022-12 | 82.08 | 79.48 | 99.48 | 79.16 | 97.73 |
| 2022-11 | 85.53 | 78.04 | 100.29 | 81.0 | 88.59 |
| 2022-10 | 95.32 | 77.09 | 105.58 | 86.02 | 88.47 |
| 2022-09 | 95.71 | 84.09 | 107.64 | 80.31 | 91.74 |
| 2022-08 | 93.71 | 86.91 | 102.97 | 91.08 | 93.01 |
| 2022-07 | 94.8 | 94.12 | 101.73 | 87.14 | 96.1 |
| 2022-06 | 97.95 | 94.4 | 104.17 | 99.03 | 94.82 |
| 2022-05 | 98.89 | 93.26 | 102.08 | 93.59 | 97.77 |
| 2022-04 | 97.77 | 92.65 | 100.87 | 96.48 | 95.05 |
| 2022-03 | 101.65 | 98.12 | 103.64 | 92.82 | 97.99 |
| 2022-02 | 101.08 | 94.29 | 103.82 | 100.81 | 92.75 |
| 2022-01 | 102.8 | 101.49 | 104.48 | 100.62 | 97.11 |
| 2021-12 | 105.38 | 103.72 | 106.03 | 100.65 | 96.71 |
| 2021-11 | 101.05 | 103.11 | 104.74 | 97.07 | 105.48 |
| 2021-10 | 98.66 | 100.99 | 101.4 | 99.88 | 101.5 |
| 2021-09 | 99.0 | 98.96 | 101.67 | 102.95 | 92.54 |
| 2021-08 | 103.05 | 97.14 | 100.38 | 100.39 | 101.6 |
| 2021-07 | 101.51 | 99.04 | 101.0 | 104.71 | 101.18 |
| 2021-06 | 99.05 | 99.93 | 99.56 | 100.99 | 103.36 |
| 2021-05 | 98.4 | 96.45 | 99.92 | 100.04 | 98.92 |
| 2021-04 | 100.49 | 100.36 | 98.17 | 105.4 | 99.95 |
| 2021-03 | 98.83 | 103.26 | 94.46 | 98.01 | 100.42 |
| 2021-02 | 97.01 | 98.05 | 96.54 | 95.49 | 98.2 |
| 2021-01 | 97.57 | 98.99 | 96.14 | 94.42 | 100.13 |
graphiqueMonthly industrial production index in five energy-intensive industries
- Source: INSEE.
The monthly evolution of the May 2024 manufacturing index was unchanged
Compared to the previous release, the evolution of the manufacturing index between April and May 2024 was unchanged. The evolution of the index for the whole industry has been revised downwards by 0.1 points (after rounding) at ‑2.2 %, instead of ‑2.1 %.
tableauRevision of variations
| May 2024 / April 2024 | April 2024 / March 2024 | March 2024 / Feb 2024 | Q1 2024 / Q4 2023 | 2023 / 2022 | |
|---|---|---|---|---|---|
| Industry (BE) | -0.05 | -0.04 | 0.05 | -0.10 | 0.04 |
| raw serie | -0.01 | 0.00 | 0.07 | -0.02 | 0.04 |
| SA-WDA parameters | -0.04 | -0.04 | -0.02 | -0.08 | 0.00 |
| Manufacturing (CZ) | 0.01 | 0.04 | 0.01 | -0.09 | 0.05 |
| raw serie | 0.07 | 0.00 | 0.06 | 0.00 | 0.05 |
| SA-WDA parameters | -0.06 | 0.04 | -0.05 | -0.09 | 0.00 |
- How to read it: in the manufacturing sector, the SA-WDA variation between April and May 2024 is revised by 0.01 points: +0.07 points are due to the revision of the raw series and -0.06 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: 6 September 2024 at 08:45 am.
Pour en savoir plus
Time series: Industrial production index – Base 2021
Insee Méthodes n° 133 – july 2019 "Industrial Production Index with Base Year 2015"