11 March 2011

Industrial production markedly increased
Industry – January 2011

In January 2011, industrial production increased by 16.9%, year-on-year. Seasonally adjusted industrial production was higher by 3.4%, month-on-month. The value of new orders grew by 19.2%, year-on-year. 
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In January 2011, industrial production increased by 16.9%, year-on-year; after working days adjustment (WDA) it increased by 14.1%. There was 1 working day more in January 2011 compared to January 2010. After seasonal adjustment (including working days adjustment) industrial production was higher by 3.4%, month-on-month. The year-on-year growth in industrial production was most contributed to by manufacture of motor vehicles, trailers and semi-trailers (contribution +6.1 percentage points, growth by 34.3%), manufacture of fabricated metal products (contribution +2.0 p.p., growth by 26.4%), and manufacture of electrical equipment (contribution +1.7 p.p., growth +33.1%). A decline of industrial production was recorded in electricity, gas, steam and air conditioning supply (contribution -0.9 p.p., drop by 5.9%), manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (contribution -0.1 p.p., drop by 2.7%), and manufacture of leather and related products (contribution by -0.01 p.p., drop by -4.9%).

Revenues from industrial activity at current prices increased by 18.1%, year-on-year. Direct export revenues of industrial enterprises at current prices increased by 20.1%. Domestic revenues, which include also indirect export via non-industrial enterprises at current prices increased by 16.6%, y-o-y. 

The value of new orders in selected industrial CZ-NACE activities increased by 19.2%, y-o-y. Non-domestic new orders grew by 25.5%, while domestic new orders increased only by 9.2%. The y-o-y growth of new orders in total was the most contributed to by the following CZ-NACE divisions: manufacture of basic metals (contribution +3.3 p.p., growth by 47.4%), manufacture of machinery and equipment (contribution +2.9 p.p., growth by 27.9%), and manufacture of electrical equipment (contribution +2.9 p.p., growth by 37.9%). The value of new orders decreased in the following CZ-NACE divisions: manufacture of other transport equipment (contribution -0.1 p.p., drop by -6.9%). 

The average registered number of employees*) in industrial enterprises with 50+ employees increased by 4.1%, year-on-year. Their average monthly nominal wage increased in January 2011 by 4.0%, year-on-year, and reached CZK 24 399. 
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According to the Eurostat news release published in December 2010, WDA industrial production in the EU27 increased by 7.7%, y-o-y. Data for January 2011 will by released by Eurostat on 14 March 2011 at 11:00 a.m. 

Methodological note:
Responsible head: Radek Matějka, phone: (+420) 274052894, e-mail: radek.matejka@czso.cz

Contact person: Jan Ernest, phone (+420) 274054188, e-mail: jan.ernest@czso.cz
Method of data acquisition: direct surveys of the CZSO Prům 1-12
End of data collection: 7 March 2011
Specific methodological notes: *)The registered number of employees indicator does not include: persons working under various contracts for work, working owners of enterprises and co-operating household members, who do not have contracts of employment. Data on the registered number of employees in industry also exclude agency workers, who have contracts of employment, however, not within the industry.
Related publications: time series http://www.czso.cz/eng/redakce.nsf/i/pru_ts
Next News Release will be published on 6 April 2011