manufacture – Muhasebe News

For the First Time in Three Months, France’s Industrial Output Declines

MuhasebeNews — Mon, 06 Mar 2023 06:00:50 +0000

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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ICI Turkish Export Climate Index Increased to 51,1 in January

MuhasebeNews — Mon, 09 Mar 2020 11:00:55 +0000

According to the news of Istanbul Chamber of Industry, Istanbul Chamber of Industry (ICI) Turkish Manufacturing Industry Export Climate Index January, the leading indicator measuring the activity conditions of Turkish manufacturing sector on main export markets increased to 51,1 in January. The strongest improvement of the last five months realized in the export clime. Fundamental export markets were observed to experience improvement tendency.

While the growth accelerated in the Europe, the production increase in USA realized in the highest speed since March 2019. Germany which is the biggest market of Turkish manufacturing industry experienced growth for the second month successively. Production in United Kingdom and Italy passed to the growth area.

The January 2020 results of Istanbul Chamber of Industry (ICI) Turkish Manufacturing Industry Export Climate Index which measures the activity conditions of Turkish manufacturing industry at main export markets were announced. All figures to be measured above 50,0 which is the threshold in index points out to the recovery while others to be measured under 50,0 point out to the deterioration in export climate.

According to the data announced as independent to seasonal impacts, ICI Turkish Manufacturing Sector Export Climate Index which was recorded as 50,3 in December increased to 51,1 in January. The latest data pointed out to a moderate improvement in the export conditions of Turkish manufacturing sector based on the most distinctive refreshment in export conditions since the last august. The increase pointed out by the index at the beginning of 2020 reflected the improvement trend observed in some fundamental export markets.

Production increase realized in the highest speed in USA

While the growth accelerated in Europe, the demand conditions in the biggest economy of the world continued to gain strength. Growth speed of economic activity throughout USA increased for the third time successively. The production increase in USA realized in the highest speed since March 2019. Germany which is the biggest market of Turkish manufacturing industry experienced growth in January for the second month successively. The expansion in economic activity was recorded on a moderate level however, it gained speed at the end of 2019. Recession which had been experienced for five months in United Kingdom and for two months in Italy ended and production passed to the growth area. Production recorded a moderate increase in Spain and France and this increase lost speed compared to the previous month. The Netherlands became the biggest export market of which production volume decreased in January depending on the moderate decrease in the manufacturing sector.

Saudi Arabia came to the forefront in Middle East

Complicated signals were received from Middle Eastern countries at the beginning of the year. Saudi Arabia where the intense increase maintained its existence in economic activity continued to come to the forefront throughout the region. On the other hand, while the production calmed down in United Arab Emirates, economic activity experienced shrinkage in Egypt, Qatar and Lebanon. India which experienced a distinct improvement in its demand conditions became of the economies which put forward the best performance of January. Production increase was recorded in the highest level of the last seven years in the country. However, the share of India which it has taken out in export market of Turkish manufacturing industry realized under 1 percent. Growth was recorded in other BRIC countries. While the growth accelerated in Russia and Brazil, it maintained its moderate increase tendency in China. PMI index which has been newly created for Kazakhstan constituting the 0,5 percent of Turkish manufacturing export pointed out that the economic activity was receded in the first month of the year.

Source:Istanbul Chamber of Industry / link: http://www.iso.org.tr/news/ici-turksih-export-climate-index-increased-to-511-in-january/
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

Renault to produce engine blocks in Turkey

MuhasebeNews — Fri, 25 Oct 2019 09:00:04 +0000

Renault to produce engine blocks in Turkey

According to the news of Hürriyet Daily News, for the first time in Turkey, aluminum engine blocks will be manufactured at Renault, making it the only hybrid engine production facility in Europe, said the country’s industry and technology minister on Oct. 23.

In his speech at the factory’s test production site in Bursa, Mustafa Varank said engines manufactured in Turkey will be exported to China, Spain, and the U.K.

He noted the latest technology machines were installed in a 10,500 square meter facility. More than 100 qualified engineers and operators have been hired to run the setup.

Despite facing all kinds of challenges the Turkish economy is on track, he said, adding that aluminum, will be supplied from domestic manufacturers and thus domestic resources will be utilized in the most efficient way.

“The contribution of this facility in reducing the current account deficit, providing employment and improving exports in truly commendable,” he said.

He added Turkey wants to see Renault produce hybrid vehicles here in the country and export them.

Also speaking, Antoine Aoun, director-general of Oyak Renault Turkey, said: “We have completed our production center in a very short time as promised and we came to the final stage to start mass production in 2020.”

Renault, one of the country’s largest carmakers, manufactured 30,729 units in September, which corresponded to 34 percent of the local automotive industry’s total output.

In the first nine months of the year, the company’s total production stood at 243,302 units, according to data from the Automotive Manufacturers’ Association (OSD).

Source: Hürriyet Daily News
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.