In January 2023, output decreased over a month in the manufacturing industry (‑1.8% after +0.2%), as well as in the whole industry (‑1.9% after +1.5%).
Over a month, output folded sharply in the manufacture of transport equipment
In January 2023, output declined again over a month in the “other manufacturing” industries (‑2.0% after ‑0.2%). It folded sharply in the manufacture of transport equipment (‑6.7% after +8.0%), particularly in the manufacture of other transport equipment (‑9.5% after +13.5%) and more moderately in the manufacture of motor vehicles, trailers and semi-trailers (‑2.6% after +0.9%). Output decreased in mining and quarrying, energy, water supply (‑3.0% after +9.7%). It was stable in the manufacture of food products and beverages (after ‑1.2%). On the contrary, output recovered in the manufacture of machinery and equipment goods (+1.0% after ‑3.0%) and it increased again in the manufacture of coke and refined petroleum (+3.6% after +8.2%).
Over a year, manufacturing output was up by 2.2%
In the manufacturing industry, output of the last three months (November 2022 to January 2023) was 2.2% higher than that of the same months of the previous year. However, it was stable in the whole industry due to the decline in energy production.
Over this one-year period, output plummeted in mining and quarrying, energy, water supply (‑11.0%), mainly because of the drop in electricity production. It declined in the manufacture of food products and beverages (‑1.6%). On the contrary, it expanded markedly in the manufacture of transport equipment (+10.9%), particularly in the manufacture of motor vehicles, trailers and semi-trailers (+13.1%), less impacted than a year before by supply difficulties for electronic components. Output was up in the manufacture of machinery and equipment goods (+3.9%) and the “other manufacturing” industries (+1.0%). Finally, it went up substantially in the manufacture of coke and refined petroleum products (+20.0%), due to the reopening of a refinery that was shut down in the same period a year earlier.
The evolution of the December 2022 manufacturing index is revised downwards
The evolution of the manufacturing index between November and December 2022 is revised downwards by 0.1 points (after rounding), compared to the previous release, at +0.2% instead of +0.3%. The evolution of the index for the whole industry is revised upwards by 0.4 points (after rounding), at +1.5% instead of +1.1% due to an upward revision of electricity production in December.
Source: INSEE
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