
Source:Insee
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JULY industrial output picks up on heavy players momentum
9 SEPTEMBER 2011
INDUSTRIAL output picked up +1.5% month-on-month and manufacturing +1.4% as the month sustained momentum was kept at full steam to allow for the upcoming usual August summer recess. Output of Capital Goods surged +2.9% fuelled by other transport equipment +3.9% (railway, aerospace, boats, cycles and motor cycles), machinery and equipment +1.2%, the automobile industry +1.5%, and metal-metallic products +1.6%.
Coke and refinery -4.6% production drop reflected the Fessenheim nuclear plant state of maintenance.
Output of Intermediate Goods turned positive to +0.9% (from -2.4% last month) thanks to IT-optical and electronic equipment +7.7% leap (from -4.6%) along with rubber-plastic and non metallic minerals +0.8% and pharmaceutical products +0.4%. Chemical products dip, -1.1% as well as wood-paper-printing -0.2% nevertheless dented the component's overall momentum along with textile-clothing leather and footwear -0.6% production decline. Output of food and agriculture products rose +0.7%, a common performance for a July month.
As a result, the production of Non Durable Consumer Goods climbed +0.6% (from -0.2%) but underperformed compared with earlier periods. Output of Durable Consumer Goods jumped +5% (from -3.8%) thanks to transport equipment, machinery and optical.
In one year, overall output grew +3.7% and manufacturing +4.2%. The production of Capital Goods stayed sustained and increased +7.5% and equally Intermediate Goods +3.1%. Output of Durable Consumer Goods shot up +8.9% and Non Durable Consumer Goods a more subdued +1.8%.
On the same period, best performers included IT and optical equipment +14.7%, machinery and equipment +8%, transport equipment +7.1% boosted by the automobile industry +9.9% and other transport equipment +4%.
The production of electric electronic equipment benefited from such demand and increased +8.6% along with rubber plastic and non metallic minerals +5.4%, the chemical industry +4.5% and electric equipment +2.7%. Out of Non Durable Goods, the production of pharmaceutical products stayed in negative territory for nearly a year while the food and agriculture industry products rose +4.1%. The textile-clothing leather and footwear output index decreased by 3.2%. Coke and refinery mechanically dropped -7.5%.
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