Informations Rapides ·
3 May 2024 · n° 114
In March 2024, manufacturing output decreased (‑0.5%) Industrial production index - March 2024
In March 2024, output decreased over a month in the manufacturing industry (‑0.5% after +1.0% in February 2024) and in the whole industry (‑0.3% after +0.2%).
- Over a month, output fell back in the “other manufacturing” industries
- Over a year, manufacturing output was up by 0.4%
- Output in some energy-intensive industries remained low compared to the level of 2021
- The monthly evolution of the February 2024 manufacturing index has been revised upwards
- For more information
In March 2024, output decreased over a month in the manufacturing industry (‑0.5% after +1.0% in February 2024) and in the whole industry (‑0.3% after +0.2%).
tableauMonthly Industrial Production Indices
| (C1) | (C3) | (C4) | (C5) | CZ | |
|---|---|---|---|---|---|
| 2024-03 | 99.15 | 101.15 | 114.48 | 100.29 | 102.19 |
| 2024-02 | 99.5 | 102.32 | 111.86 | 101.12 | 102.71 |
| 2024-01 | 98.26 | 100.81 | 115.18 | 99.71 | 101.66 |
| 2023-12 | 96.94 | 99.95 | 120.94 | 101.6 | 103.27 |
| 2023-11 | 95.43 | 105.11 | 119.44 | 99.91 | 102.7 |
| 2023-10 | 96.82 | 103.41 | 118.21 | 99.72 | 102.53 |
| 2023-09 | 96.22 | 104.04 | 115.42 | 99.94 | 102.41 |
| 2023-08 | 97.61 | 103.86 | 119.65 | 98.8 | 102.36 |
| 2023-07 | 98.53 | 104.48 | 113.42 | 99.35 | 102.2 |
| 2023-06 | 98.74 | 105.26 | 118.37 | 98.35 | 102.44 |
| 2023-05 | 98.87 | 106.42 | 120.26 | 99.47 | 103.45 |
| 2023-04 | 98.09 | 104.9 | 117.22 | 99.08 | 101.71 |
| 2023-03 | 98.51 | 103.94 | 116.3 | 99.07 | 101.17 |
| 2023-02 | 98.14 | 104.8 | 118.27 | 99.38 | 102.8 |
| 2023-01 | 97.87 | 104.3 | 109.71 | 98.79 | 101.43 |
| 2022-12 | 98.15 | 101.22 | 115.53 | 100.26 | 102.41 |
| 2022-11 | 100.65 | 104.62 | 106.42 | 101.38 | 102.73 |
| 2022-10 | 99.7 | 99.88 | 107.91 | 99.52 | 99.88 |
| 2022-09 | 99.72 | 105.72 | 109.43 | 101.34 | 102.94 |
| 2022-08 | 100.45 | 102.84 | 112.06 | 101.83 | 103.48 |
| 2022-07 | 99.85 | 98.17 | 105.62 | 99.51 | 100.61 |
| 2022-06 | 100.26 | 101.74 | 106.99 | 101.12 | 102.16 |
| 2022-05 | 98.58 | 99.39 | 101.29 | 101.2 | 101.03 |
| 2022-04 | 99.61 | 98.37 | 99.89 | 100.16 | 100.22 |
| 2022-03 | 101.15 | 99.74 | 96.24 | 101.69 | 101.15 |
| 2022-02 | 101.15 | 101.01 | 100.87 | 100.92 | 101.19 |
| 2022-01 | 102.03 | 99.4 | 102.23 | 102.87 | 102.41 |
| 2021-12 | 101.42 | 101.32 | 101.0 | 98.71 | 100.02 |
| 2021-11 | 102.22 | 98.07 | 94.31 | 99.49 | 99.44 |
| 2021-10 | 100.93 | 100.75 | 105.11 | 100.58 | 101.26 |
| 2021-09 | 99.32 | 101.04 | 89.86 | 99.64 | 98.79 |
| 2021-08 | 99.85 | 99.47 | 99.6 | 100.71 | 100.39 |
| 2021-07 | 100.58 | 98.4 | 103.88 | 100.02 | 100.39 |
| 2021-06 | 100.6 | 99.92 | 95.75 | 99.9 | 99.71 |
| 2021-05 | 99.15 | 98.77 | 97.3 | 99.41 | 98.98 |
| 2021-04 | 98.51 | 100.72 | 99.33 | 100.21 | 99.78 |
| 2021-03 | 100.04 | 100.75 | 101.13 | 99.99 | 100.15 |
| 2021-02 | 97.57 | 98.95 | 100.35 | 98.97 | 98.59 |
| 2021-01 | 99.82 | 101.83 | 112.4 | 102.36 | 102.52 |
- 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 fell back in the “other manufacturing” industries
In March 2024, production fell back in the “other manufacturing industries” (‑0.8% after +1.4%), in the manufacture of machinery and equipment goods (‑1.1% after +1.5%), in the manufacture of coke and refined petroleum products (‑4.6% after +8.6%) and in the manufacture of food products and beverages (‑0.4% after +1.3%). On the contrary, output bounced back in mining and quarrying, energy, water supply (+0.7% after ‑3.8%) and in the manufacture of transport equipment (+2.3% after ‑2.9%): it bounced back sharply in the “other transport equipment” (+3.7% after ‑3.8%) and increased hardly in the manufacture of motor vehicles, trailers and semi-trailer (+0.2% after ‑1.5%).
tableauVariation in the Industrial Production
| NA : A10, (A17), [A38 or A64] | March 2024 | March 2024 / Feb. 2024 | Feb. 2024 / Jan. 2024 | Quarter-on-quarter change (3) | Year-on-year change (4) |
|---|---|---|---|---|---|
| BE: INDUSTRY | 100.0 | -0.3 | 0.2 | -0.5 | 0.3 |
| CZ: Manufacturing | 102.2 | -0.5 | 1.0 | -0.6 | 0.4 |
| (C1): Man. of food products and beverages | 99.2 | -0.4 | 1.3 | 2.7 | 0.8 |
| (C2): Man. of coke and refined petroleum products | 123.9 | -4.6 | 8.6 | -9.4 | 1.8 |
| (C3): Machinery and equipment goods | 101.2 | -1.1 | 1.5 | -1.4 | -2.8 |
| [CI] Man. of computer, electronic and optical products | 111.1 | 1.4 | -1.2 | 1.3 | 2.9 |
| [CJ] Man. of electrical equipment | 97.4 | -2.0 | 5.7 | -1.9 | -5.1 |
| [CK] Man. of machinery and equipment n.e.c. (1) | 92.7 | -3.7 | 2.5 | -4.2 | -7.9 |
| (C4): Man. of transport equipment | 114.5 | 2.3 | -2.9 | -4.8 | -0.8 |
| [CL1] Man. of motor vehicles, trailers and semi-trailers | 106.4 | 0.2 | -1.5 | -8.1 | -10.0 |
| [CL2] Man. of other transport equipment | 120.2 | 3.7 | -3.8 | -2.5 | 6.1 |
| (C5): Other manufacturing | 100.3 | -0.8 | 1.4 | 0.0 | 1.3 |
| [CB] Man. of textiles, wearing apparel, leather and related products | 114.5 | -6.3 | 2.5 | -0.5 | 3.5 |
| [CC] Man. of wood and paper products; printing and reproduction of recorded media | 91.3 | -1.5 | 2.3 | 1.3 | -1.0 |
| [CE] Man. of chemicals and chemical products | 96.7 | 0.8 | 2.4 | -2.0 | 3.8 |
| [CF] Man. of basic pharmaceutical products and pharmaceutical preparations | 111.0 | 0.9 | -4.4 | 2.5 | 5.3 |
| [CG] Man. of rubber and plastics products, and other nonmetallic mineral products | 91.9 | 0.0 | 5.0 | -0.3 | -4.8 |
| [CH] Man. of basic metals and fabricated metal products, except machinery and equipment | 95.1 | -2.0 | 1.6 | -1.3 | -0.7 |
| [CM] Other manufacturing; repair and installation of machinery and equipment | 108.9 | -0.7 | 0.9 | 1.2 | 3.1 |
| DE: Mining and quarrying; energy; water supply; waste management | 89.8 | 0.7 | -3.8 | 0.5 | 0.0 |
| [BZ] Mining and quarrying | 81.7 | 0.1 | 7.4 | -6.6 | -10.1 |
| [DZ] Electricity, gas, steam and air-conditioning supply | 90.0 | 0.6 | -4.5 | 1.0 | 0.6 |
| [EZ] Water supply; sewerage, waste management and remediation | 91.6 | 1.4 | -0.6 | -2.2 | -2.0 |
| FZ: CONSTRUCTION | 100.2 | 1.1 | -2.1 | 0.0 | -2.4 |
| MIGs (2) | |||||
| Capital goods | 106.6 | -0.3 | -0.3 | -1.5 | 0.2 |
| Intermediate goods | 94.6 | -0.6 | 3.1 | -0.8 | -0.9 |
| Consumer durables | 108.9 | 4.4 | -1.1 | -1.3 | 2.0 |
| Consumer non-durables | 103.9 | -0.7 | 0.2 | 1.5 | 1.5 |
| Energy | 92.9 | 0.1 | -2.8 | -0.5 | 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 was up by 0.4%
Output of the first quarter of 2024 was slightly higher than that of the first quarter of 2023 in the manufacturing industry (+0.4%) as well as in the whole industry (+0.3%).
Over this one-year period, output went up in the “other manufacturing industries” (+1.3%), in the manufacture of food products and beverages (+0.8%) and in the manufacture of coke and refined petroleum products (+1.8%). It was stable in mining and quarrying, energy, water supply. On the contrary, it decreased in the manufacture of machinery and equipment goods (‑2.8%) and in the manufacture of transport equipment (‑0.8%).
Output in some energy-intensive industries remained low compared to the level of 2021
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 –or persistently high– production costs, which may affect their output. Output of the first 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 (‑25.0%), the manufacture of basic chemicals (‑12.6%), in the manufacture of pulp, paper and paperboard (‑11.3%) and the manufacture of glass and glass products (‑11.2%).
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) | |
|---|---|---|---|---|---|
| 2024-03 | 88.07 | 88.49 | 89.05 | 74.13 | 97.37 |
| 2024-02 | 92.95 | 85.99 | 90.59 | 77.1 | 99.55 |
| 2024-01 | 83.7 | 84.55 | 84.76 | 77.43 | 95.47 |
| 2023-12 | 81.82 | 86.57 | 82.6 | 83.79 | 102.2 |
| 2023-11 | 83.66 | 90.46 | 85.03 | 84.89 | 94.72 |
| 2023-10 | 83.84 | 91.73 | 85.09 | 74.42 | 93.56 |
| 2023-09 | 85.49 | 89.67 | 88.15 | 85.1 | 91.11 |
| 2023-08 | 84.71 | 83.29 | 88.71 | 82.9 | 92.46 |
| 2023-07 | 83.72 | 83.72 | 91.15 | 58.49 | 90.54 |
| 2023-06 | 73.99 | 83.85 | 91.99 | 48.61 | 93.32 |
| 2023-05 | 78.18 | 87.32 | 96.35 | 58.87 | 92.33 |
| 2023-04 | 79.62 | 83.75 | 94.44 | 80.66 | 91.46 |
| 2023-03 | 75.8 | 80.26 | 95.21 | 85.15 | 90.09 |
| 2023-02 | 79.19 | 84.01 | 96.3 | 60.59 | 90.79 |
| 2023-01 | 79.25 | 79.51 | 97.54 | 82.69 | 87.18 |
| 2022-12 | 82.12 | 79.32 | 100.22 | 79.23 | 97.8 |
| 2022-11 | 84.98 | 77.97 | 100.32 | 81.17 | 88.96 |
| 2022-10 | 94.89 | 76.88 | 106.48 | 85.72 | 88.59 |
| 2022-09 | 95.77 | 84.7 | 107.0 | 80.77 | 91.9 |
| 2022-08 | 93.7 | 87.41 | 101.79 | 91.09 | 93.33 |
| 2022-07 | 94.46 | 93.84 | 100.78 | 87.06 | 96.11 |
| 2022-06 | 98.19 | 94.29 | 103.24 | 97.5 | 93.55 |
| 2022-05 | 99.55 | 92.09 | 101.46 | 94.18 | 97.57 |
| 2022-04 | 97.65 | 92.95 | 102.03 | 95.43 | 95.42 |
| 2022-03 | 102.2 | 97.61 | 104.8 | 94.21 | 97.78 |
| 2022-02 | 101.37 | 94.86 | 104.03 | 100.94 | 92.86 |
| 2022-01 | 102.53 | 101.72 | 104.81 | 100.61 | 97.21 |
| 2021-12 | 105.29 | 102.94 | 106.6 | 100.54 | 96.96 |
| 2021-11 | 100.43 | 103.61 | 104.74 | 97.59 | 105.77 |
| 2021-10 | 98.24 | 101.38 | 101.91 | 100.05 | 101.55 |
| 2021-09 | 99.04 | 98.89 | 101.15 | 103.14 | 92.68 |
| 2021-08 | 103.23 | 97.31 | 99.62 | 100.07 | 101.87 |
| 2021-07 | 101.72 | 98.94 | 100.37 | 104.87 | 101.1 |
| 2021-06 | 99.06 | 99.76 | 99.18 | 99.7 | 102.42 |
| 2021-05 | 98.8 | 95.98 | 99.44 | 100.48 | 98.76 |
| 2021-04 | 100.46 | 100.58 | 98.98 | 104.85 | 100.2 |
| 2021-03 | 99.09 | 102.77 | 95.27 | 98.51 | 100.27 |
| 2021-02 | 97.14 | 98.37 | 96.59 | 95.49 | 98.27 |
| 2021-01 | 97.52 | 99.46 | 96.15 | 94.72 | 100.13 |
graphiqueMonthly industrial production index in five energy-intensive industries
- Source: INSEE.
The monthly evolution of the February 2024 manufacturing index has been revised upwards
Compared to the previous release, the evolution of the manufacturing index between January and February 2024 has been revised upwards by 0.1 points (after rounding) at +1.0% instead of +0.9%. The evolution of the index for the whole industry hasn’t been revised (after rounding).
tableauRevision of variations
| Feb. 2024 / Jan. 2024 | Jan. 2024 / Dec. 2023 | Dec. 2023 / Nov. 2023 | Q4 2023 / Q3 2023 | 2023 / 2022 | |
|---|---|---|---|---|---|
| Industry (BE) | 0.06 | -0.07 | 0.12 | -0.03 | 0.01 |
| raw serie | 0.12 | 0.00 | -0.03 | 0.04 | 0.01 |
| SA-WDA parameters | -0.06 | -0.07 | 0.15 | -0.07 | 0.00 |
| Manufacturing (CZ) | 0.15 | -0.09 | 0.15 | -0.02 | 0.01 |
| raw serie | 0.17 | 0.06 | -0.05 | 0.05 | 0.00 |
| SA-WDA parameters | -0.02 | -0.15 | 0.20 | -0.07 | 0.01 |
- How to read it: in the manufacturing sector, the SA-WDA variation between January 2024 and February 2024 is revised by 0.15 points, 0.17 points are due to the revision of the raw series and -0.02 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 June 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"