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Informations Rapides · 4 October 2024 · n° 253
Informations rapidesIn August 2024, manufacturing output increased sharply (+1.6 %)  Industrial production index - August 2024

In August 2024, output increased sharply over a month in the manufacturing industry (+1.6% after ‑0.2% in July 2024), as well as in the whole industry (+1.4% after +0.2%).

Informations rapides
No 253
Paru le :Paru le04/10/2024
Prochaine parution le : 05/11/2024 at 08:45 - September 2024
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In August 2024, output increased sharply over a month in the manufacturing industry (+1.6% after ‑0.2% in July 2024), as well as in the whole industry (+1.4% after +0.2%).

Monthly Industrial Production Indices

Monthly Industrial Production Indices
(C1) (C3) (C4) (C5) CZ
2024-08 97.61 102.93 111.45 101.7 102.72
2024-07 98.14 104.11 107.9 98.9 101.08
2024-06 97.96 99.92 113.22 98.82 101.25
2024-05 98.15 100.83 109.62 97.95 100.22
2024-04 98.76 106.29 110.61 101.69 103.23
2024-03 99.48 102.91 112.99 100.65 102.55
2024-02 99.93 104.45 111.09 101.03 102.97
2024-01 98.24 101.94 114.07 99.54 101.61
2023-12 97.26 101.83 120.28 101.26 103.33
2023-11 95.79 107.28 119.13 100.18 103.19
2023-10 97.17 104.84 117.95 100.02 102.93
2023-09 96.62 105.41 115.04 100.05 102.72
2023-08 97.72 104.68 119.38 98.78 102.45
2023-07 98.36 105.56 116.77 99.83 102.94
2023-06 98.99 107.11 117.69 98.93 102.98
2023-05 98.52 108.42 121.43 100.19 104.19
2023-04 98.21 105.33 117.23 98.48 101.46
2023-03 98.82 104.54 115.93 99.07 101.27
2023-02 98.41 105.86 117.68 99.37 102.95
2023-01 98.22 104.62 109.04 98.86 101.51
2022-12 98.14 101.47 115.33 99.86 102.2
2022-11 100.82 104.96 105.93 101.51 102.83
2022-10 99.83 99.93 107.44 99.66 99.94
2022-09 99.85 105.62 109.32 101.41 102.99
2022-08 100.35 102.86 111.72 101.68 103.33
2022-07 99.67 97.92 107.95 99.68 100.87
2022-06 100.21 102.26 106.38 101.29 102.24
2022-05 98.53 99.64 102.31 101.63 101.4
2022-04 99.6 97.78 99.89 99.7 99.88
2022-03 101.14 99.72 95.96 101.64 101.09
2022-02 101.18 100.9 100.45 100.84 101.1
2022-01 102.12 99.29 101.46 102.86 102.33
2021-12 101.36 101.56 101.06 98.48 99.92
2021-11 102.32 98.25 94.01 99.52 99.47
2021-10 101.03 100.86 104.74 100.67 101.3
2021-09 99.42 100.98 89.85 99.74 98.86
2021-08 99.74 99.36 99.44 100.64 100.29
2021-07 100.43 98.17 105.5 100.17 100.58
2021-06 100.52 100.2 95.56 99.96 99.74
2021-05 99.09 98.95 97.75 99.6 99.15
2021-04 98.47 100.22 99.38 100.01 99.6
2021-03 100.06 100.72 100.99 99.94 100.1
2021-02 97.61 98.85 100.13 98.95 98.55
2021-01 99.96 101.88 111.6 102.32 102.44
  • 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.
  • Source: INSEE, SSP, SDES

Over a month, output increased in the other manufacturing industries

In August 2024*, the rise in manufacturing output was driven primarily by the increase in the output for “other manufacturing industries” (+2.8% after +0.1%), specifically in the manufacture of pharmaceutical products and pharmaceutical preparations (+22.0% after +1.8%). Output increased also sharply in the manufacture of transport equipment (+3.3% after ‑4.7%): it bounced back in the manufacture of motor vehicles, trailers and semi-trailer (+3.4% after ‑3.4%), as well as in the manufacture of “other transport equipment” (+3.2% after ‑5.5%). It went up slightly in mining and quarrying, energy, water supply (+0.4% after +2.0%). On the contrary, output fell back in the manufacture of machinery and equipment goods (‑1.1% after +4.2%) and in the manufacture of food products and beverages (‑0.5% after +0.2%). It decreased again in the manufacture of coke and refined petroleum products (‑2.4% after ‑9.9%).

Variation in the Industrial Production

2021 based, SA-WDA changes in %
Variation in the Industrial Production (2021 based, SA-WDA changes in %)
NA : A10, (A17), [A38 or A64] Weights* August 2024 August 2024 / July 2024 July 2024 / June 2024 Quarter-on-quarter change (3) Year-on-year change (4)
BE: INDUSTRY 10,000 101.3 1.4 0.2 0.2 -0.7
CZ: Manufacturing 8,253 102.7 1.6 -0.2 -0.3 -1.1
(C1): Man. of food products and beverages 1,380 97.6 -0.5 0.2 -0.9 -0.5
(C2): Man. of coke and refined petroleum products 154 127.6 -2.4 -9.9 7.0 -4.7
(C3): Machinery and equipment goods 1,186 102.9 -1.1 4.2 -1.0 -3.3
[CI] Man. of computer, electronic and optical products 480 113.6 1.1 2.9 -2.2 -0.9
[CJ] Man. of electrical equipment 255 99.6 -3.0 -0.1 0.7 -0.6
[CK] Man. of machinery and equipment n.e.c. (1) 451 93.4 -2.8 8.7 -0.4 -7.7
(C4): Man. of transport equipment 887 111.5 3.3 -4.7 -0.2 -6.0
[CL1] Man. of motor vehicles, trailers and semi-trailers 367 103.6 3.4 -3.4 -1.9 -14.3
[CL2] Man. of other transport equipment 520 117.0 3.2 -5.5 0.9 -0.1
(C5): Other manufacturing 4,646 101.7 2.8 0.1 -0.3 0.6
[CB] Man. of textiles, wearing apparel, leather and related products 222 113.2 -2.3 -1.2 -2.0 -1.8
[CC] Man. of wood and paper products; printing and reproduction of recorded media 384 91.8 -0.8 0.2 -0.8 1.0
[CE] Man. of chemicals and chemical products 866 91.1 -2.7 0.1 -1.7 -1.0
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 455 134.7 22.0 1.8 5.4 14.2
[CG] Man. of rubber and plastics products, and other nonmetallic mineral products 637 88.1 0.9 -1.9 -2.1 -5.6
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 1,019 93.9 2.2 -1.1 -1.4 -3.5
[CM] Other manufacturing; repair and installation of machinery and equipment 1,063 113.0 2.1 1.5 0.6 3.5
DE: Mining and quarrying; energy; water supply; waste management 1,747 94.4 0.4 2.0 2.7 1.2
[BZ] Mining and quarrying 62 81.0 0.5 0.9 -1.2 -11.1
[DZ] Electricity, gas, steam and air-conditioning supply 1,543 95.4 0.2 2.0 3.3 2.2
[EZ] Water supply; sewerage, waste management and remediation 142 90.0 2.8 1.5 -2.6 -4.1
FZ: CONSTRUCTION 4,494 97.4 0.6 -2.3 -0.5 -3.4
MIGs (2)
Capital goods 2,830 108.4 1.6 0.5 0.1 -1.7
Intermediate goods 2,880 91.8 -0.4 -0.3 -1.8 -2.7
Consumer durables 172 106.4 3.0 0.8 -2.1 -1.7
Consumer non-durables 2,273 107.1 4.2 0.0 0.4 1.8
Energy 1,845 97.6 0.1 0.5 3.3 0.9
  • *Weights (10 000 = B...E)
  • (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
  • Source: INSEE, SSP, SDES.

Over a year, manufacturing output decreased by 1.1%

Cumulative output over the last three months (June to August 2024) was lower than that of the same three months of the previous year in the manufacturing industry (‑1.1%), as well as in the whole industry (‑0.7%).

Over this one-year period, output went down sharply in the manufacture of transport equipment (‑6.0%): in details, it decreased strongly in the manufacture of motor vehicles, trailers and semi-trailer (‑14.3%) but was practically stable in the manufacture of “other transport equipment” (‑0.1%). Output decreased also in the manufacture of machinery and equipment goods (‑3.3%) and in the manufacture of coke and refined petroleum products (‑4.7%). It decreased more moderately in the manufacture of food products and beverages (‑0.5%). On the contrary, it increased in the “other manufacturing industries” (+0.6%) and in mining and quarrying, energy, water supply (+1.2 %).

Output in main 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 over the last three months (June to August 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 (‑27.1%), the manufacture of glass and glass products (‑19.2%), the manufacture of basic chemicals (‑16.4%) and the manufacture of pulp, paper and paperboard (‑10.7%).

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)
2024-08 88.95 81.06 79.88 82.0 97.69
2024-07 89.34 85.02 79.01 69.5 94.18
2024-06 89.11 82.22 81.05 72.21 90.29
2024-05 90.22 78.68 83.42 76.82 93.79
2024-04 89.8 84.27 88.05 71.95 98.13
2024-03 88.69 90.52 87.38 75.31 97.44
2024-02 92.66 84.44 89.75 76.67 98.89
2024-01 84.88 83.55 83.93 77.03 94.9
2023-12 81.92 85.42 82.44 82.74 101.99
2023-11 83.77 90.04 85.43 84.06 94.44
2023-10 83.8 91.92 85.43 74.57 93.25
2023-09 85.05 89.0 89.12 83.84 90.92
2023-08 83.49 83.33 90.04 81.83 91.75
2023-07 81.92 84.65 92.09 61.8 90.98
2023-06 74.1 84.51 92.79 51.67 95.27
2023-05 79.03 87.65 96.82 56.24 92.66
2023-04 80.22 83.68 92.99 82.23 91.03
2023-03 76.27 80.84 94.48 83.41 90.17
2023-02 79.23 83.39 96.21 60.25 90.57
2023-01 79.87 78.44 97.44 82.54 86.77
2022-12 81.9 78.99 99.89 79.03 97.62
2022-11 85.06 77.93 100.52 80.63 88.72
2022-10 94.73 77.22 106.63 85.86 88.46
2022-09 95.18 84.28 107.52 79.98 91.76
2022-08 92.92 87.23 102.54 90.52 92.76
2022-07 93.88 93.77 101.31 88.33 96.38
2022-06 98.16 94.73 103.58 99.71 95.1
2022-05 100.04 93.08 101.73 93.58 97.82
2022-04 98.65 92.7 100.69 96.17 95.06
2022-03 102.53 98.15 103.95 93.3 97.87
2022-02 101.38 94.48 103.95 100.71 92.68
2022-01 102.76 101.46 104.62 100.39 97.0
2021-12 105.32 103.06 106.39 100.69 96.68
2021-11 100.93 103.07 104.86 96.48 105.55
2021-10 98.51 101.12 101.95 99.47 101.45
2021-09 98.48 99.04 101.48 103.1 92.57
2021-08 102.44 97.34 100.05 100.26 101.51
2021-07 100.77 98.84 100.73 105.34 101.33
2021-06 99.19 100.14 99.36 101.59 103.56
2021-05 99.15 96.39 99.62 99.88 98.88
2021-04 101.06 100.46 98.06 105.29 99.94
2021-03 99.45 103.31 94.77 98.42 100.35
2021-02 97.16 98.22 96.63 95.43 98.17
2021-01 97.54 99.0 96.1 94.03 100.02

Monthly industrial production index in five energy-intensive industries

  • Source: INSEE.

The monthly evolution of the July 2024 manufacturing index is revised upwards

The evolution of the manufacturing index between June and July 2024 is revised upwards by 0.7 points, at ‑0.2% instead of ‑0.9% (after rounding), due to the inclusion of late responses to the July survey. The evolution of the index for the whole industry is also revised upwards by 0.7 points, at +0.2% instead of ‑0.5% (after rounding).

Revision of variations

(in percentage point)
Revision of variations ((in percentage point))
July 2024 / June 2024 June 2024 / May 2024 May 2024 / April 2024 Q2 2024 / Q1 2024 2023 / 2022
Industry (BE) 0.67 0.04 -0.01 0.16 0.08
raw serie 0.85 0.22 -0.03 0.11 0.08
SA-WDA parameters -0.18 -0.18 0.02 0.05 0.00
Manufacturing (CZ) 0.77 0.14 -0.09 0.15 0.09
raw serie 0.96 0.28 -0.04 0.13 0.09
SA-WDA parameters -0.19 -0.14 -0.05 0.02 0.00
  • How to read it: in the manufacturing sector, the SA-WDA variation between June and July 2024 is revised by 0.77 points: 0.96 points are due to the revision of the raw series and -0.19 points to the updating of the SA-WDA parameters.
  • Source: INSEE, SSP, SDES.

For more information

* All data in this publication are seasonally and working days adjusted (SA-WDA).

The methodology used to build and calculate the industrial production index (IPI) is detailed in the “Documentation” tab of this publication.

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

Documentation

IPI new base year 2021 (pdf,446 Ko)

Industrial production index

Insee Méthodes n°133 - July 2019 : Industrial Production Index with Base Year 2015 (pdf,1 Mo)

Aggregated classification - NA, 2008

Pour en savoir plus

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Publication calendar

Time series: Industrial production index – Base 2021

Insee Méthodes n° 133 – july 2019 "Industrial Production Index with Base Year 2015"