29 September 2017
2017- n° 261In July 2017, the turnover in the manufacturing industry recovered (+0.7%) Turnover in industry and construction - July 2017
In July 2017, the turnover recovered in the manufacturing industry (+0.7% after –2.5% in June) as well as in industry as a whole (+0.6% in July after −1.9%). It recovered in export sales as well.
- Rise over the last three months (+1.1%)
- Strong increase compared to the previous year (+7.4%)
- Sharp rebound in transport equipment (+6.1%)
- Decrease in coke and refined petroleum products (−2.7%)
- Further decrease in “other manufacturing” (−0.6%)
- Virtual stability in food products and beverages (+0.1%)
- Stability in machinery and equipment
- Revisions
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.
In July 2017, the turnover recovered in the manufacturing industry (+0.7% after –2.5% in June) as well as in industry as a whole (+0.6% in July after −1.9%). It recovered in export sales as well.
Rise over the last three months (+1.1%)
Over the last three months, the turnover rose in the manufacturing industry (+1.1%) as well as in the industry as a whole (+0.7%). In the manufacturing industry, the turnover grew sharply in “other manufacturing” (+1.9%) and, in the manufacture of transport equipment (+2.5%). It rose to a lesser extent in the manufacture of food products and beverages (+0.9%) and in the machinery and equipment goods (+0.2%). Conversely, it declined strongly in the manufacture of coke and refined petroleum products (−8.5%).
Strong increase compared to the previous year (+7.4%)
In the manufacturing industry, the turnover grew strongly from the same three months of the previous year (+7.4%). This increase was even more marked in industry as a whole (+8.3%) due to mining and quarrying, energy, water supply, waste management (+12.1%). Over this period, the turnover rose strongly in every main sectors of the manufacturing industry − “other manufacturing” (+7.5%), the manufacture of transport equipment (+9.6%), the manufacture of food products and beverages (+5.0%), the manufacture of coke and refined petroleum products (+16.8%) and the machinery and equipment sector (+5.0%).
graphiqueGraph1 – Turnover in manufacturing industry
tableauTable1 – Variation of the turnover in industry and construction
Change in % | |||||
---|---|---|---|---|---|
NA : A 10, (A 17) | Weight (1) | July/ June | June/ May | q-o-q (2) | y-o-y (3) |
BE: INDUSTRY | 10000 | 0.6 | −1.9 | 0.7 | 8.3 |
CZ: MANUFACTURING INDUSTRY | 8346 | 0.7 | −2.5 | 1.1 | 7.4 |
Of which Exports | 2677 | 0.6 | −1.0 | 1.6 | 9.9 |
(C1): Manufacture of food products and beverages | 1685 | 0.1 | −1.9 | 0.9 | 5.0 |
(C2): Manufacture of coke and refined petroleum products | 561 | −2.7 | −0.1 | −8.5 | 16.8 |
(C3): Machinery and equipment goods | 953 | 0.0 | −1.6 | 0.2 | 5.0 |
(C4): Manufacture of transport equipment | 1265 | 6.1 | −8.2 | 2.5 | 9.6 |
(C5): Other manufacturing | 3881 | −0.6 | −0.9 | 1.9 | 7.5 |
DE: Mining and quarrying; energy; water supply; waste management | 1654 | 0.3 | 0.6 | −0.8 | 12.1 |
FZ: CONSTRUCTION | 10000 | −3.8 | −0.1 | 2.0 | 7.9 |
- (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
- Sources: DGFiP, INSEE
Sharp rebound in transport equipment (+6.1%)
The turnover in the manufacture of transport equipment recovered sharply in July (+6.1% after −8.2% in June). It rebounded strongly in the manufacture of other transport equipment (+9.6% after −12.4%). It recovered also in the manufacture of motor vehicles, trailers and semi-trailers (+2.2% after −3.1%). The rebound was also marked in export sales (+4.1% after −3.1%).
Decrease in coke and refined petroleum products (−2.7%)
In July, the turnover fell in the manufacture of coke and refined petroleum products (−2.7%) after a virtual stability in June (−0.1%).
Further decrease in “other manufacturing” (−0.6%)
The turnover in “other manufacturing” fell again in July (−0.6% after −0.9%). It declined very sharply in the manufacture of basic pharmaceutical products and pharmaceutical preparations (−3.5%) It also fell in other manufacturing (−1.5%), in the manufacture of rubber and plastic products (−1.0%), in the manufacture of basic metals and fabricated metal products, except machinery and equipement (−0.5%) and in the manufacture of wood and paper products (−1.3%). Conversely, the turnover rose again in the manufacture of chemicals and chemical products (+2.4%). It was unchanged in the manufacture of textiles, wearing apparel, leather and related products. In export sales as well, the turnover slipped back in “other manufacturing” (−1.2% after +0.4%).
Virtual stability in food products and beverages (+0.1%)
The turnover in the manufacture of food products and beverages was virtually stable in July (+0.1% after −1.9%) and fell sharply again in export sales (−1.6% after −3.1%).
Stability in machinery and equipment
The turnover in machinery and equipment was stable in July after a downturn in June (−1.6%). It rebounded in manufacture of computer, electronic and optical products (+2.9% after −2.1%) but it slipped back in the manufacture of electrical equipment (−3.6% after +0.3%). It was stable for manufacture of machinery and equipment. The export sales in machinery and equipment rebounded in July (+1.5% after −1.3%).
Revisions
The variation in the turnover index in June 2017 is unchanged compared to the previous publication, both in the manufacturing industry and in industry as a whole. The adjustment of SA-WDA parameters offsets the raw series' variation.
tableauTable2 – Indexes of turnover in industry and construction
Change in % | |||||
---|---|---|---|---|---|
Industries: | Weight (1) | July 2017 | July / June | June/ May | q-o-q (2) |
BE: INDUSTRY | 10000 | 115.1 | 0.6 | −1.9 | 0.7 |
CZ: MANUFACTURING INDUSTRY | 8346 | 112.4 | 0.7 | −2.5 | 1.1 |
of which Exports | 2677 | 120.6 | 0.6 | −1.0 | 1.6 |
(C1): Man. of food products and beverages | 1685 | 117.7 | 0.1 | −1.9 | 0.9 |
of which Exports | 285 | 124.1 | −1.6 | −3.1 | 3.8 |
(C2): Man. of coke and refined petroleum products | 561 | 74.5 | −2.7 | −0.1 | −8.5 |
(C3): Machinery and equipment goods | 953 | 108.1 | 0.0 | −1.6 | 0.2 |
of which Exports | 469 | 108.4 | 1.5 | −1.3 | 0.5 |
[CI] Man. of computer, electronic and optical products | 306 | 107.5 | 2.9 | −2.1 | −1.7 |
[CJ] Man. of electrical equipment | 245 | 100.0 | −3.6 | 0.3 | 1.5 |
[CK] Man. of machinery and equipment n.e.c. | 402 | 113.4 | 0.0 | −2.3 | 0.9 |
(C4): Man. of transport equipment | 1265 | 133.0 | 6.1 | −8.2 | 2.5 |
of which Exports | 617 | 143.0 | 4.1 | −3.1 | 0.2 |
[CL1] Man. of motor vehicles, trailers and semi-trailers | 702 | 110.0 | 2.2 | −3.1 | 5.1 |
[CL2] Man. of other transport equipment | 562 | 161.8 | 9.6 | −12.4 | 0.4 |
(C5): Other manufacturing | 3881 | 110.0 | −0.6 | −0.9 | 1.9 |
of which Exports | 1237 | 114.9 | −1.2 | 0.4 | 2.2 |
[CB] Man. of textiles, wearing apparel, leather and related products | 188 | 113.7 | 0.0 | −0.5 | 2.9 |
[CC] Man. of wood and paper products; printing and reproduction of recorded media | 436 | 99.3 | −1.3 | 0.2 | 1.9 |
[CE] Man. of chemicals and chemical products | 745 | 110.9 | 2.4 | 0.4 | 1.6 |
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations | 304 | 114.4 | −3.5 | 1.4 | 3.2 |
[CG] Man. of rubber and plastics products, and other non-metallic mineral products | 629 | 106.8 | −1.0 | −1.2 | 0.4 |
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment | 926 | 108.5 | −0.5 | −3.1 | 3.4 |
[CM] Other manufacturing; repair and installation of machinery and equipment | 653 | 118.1 | −1.5 | −0.7 | 0.5 |
DE: Mining and quarrying; energy, water supply, sewerage, waste management | 1654 | 128.8 | 0.3 | 0.6 | −0.8 |
[BZ] Mining and quarrying | 70 | 92.2 | −1.4 | 0.5 | −4.3 |
[DZ] Electricity, gas, steam and air-conditioning supply | 1205 | 133.6 | −0.4 | 1.1 | −0.4 |
[EZ] Water supply; sewerage, waste management and remediation | 379 | 120.3 | 3.0 | −1.0 | −2.0 |
FZ: CONSTRUCTION | 10000 | 108.0 | −3.8 | −0.1 | 2.0 |
- (1) 10000=B...E and F
- (2) Quarter-on-quarter: last three months / previous three months
- Sources: DGFiP, INSEE
tableauTable3 – Revision of variations
June/ May | May/ Apr. | Apr./ Mar. | Q2 2017/ Q1 2017 | 2016/ 2015 | |
---|---|---|---|---|---|
Industry (BE) | −0.03 | −0.13 | 0.06 | −0.03 | −0.01 |
raw serie | −0.02 | −0.12 | 0.08 | 0.01 | −0.01 |
SA-WDA parameters | 0.01 | −0.01 | −0.02 | −0.04 | 0.00 |
Manufacturing industry (CZ) | 0.01 | −0.17 | 0.08 | −0.02 | −0.01 |
raw serie | 0.09 | −0.15 | 0.10 | 0.06 | −0.01 |
SA-WDA parameters | −0.08 | −0.02 | −0.02 | −0.08 | 0.00 |
- How to read it: in the manufacturing, the SA-WDA variation between May and June 2017 is revised by 0.01 points: +0.09 points are due to the raw series' revision and -0,08 to the new calculation of the SA-WDA.
- Sources: DGFiP, INSEE
Documentation
Methodology (pdf,140 Ko)
Pour en savoir plus
Time series : Turnover indices (VAT)