Industry - August 2012

In August 2012, industrial production decreased at constant prices by 3.1%, year-on-year. Compared to the previous month seasonally adjusted industrial production was lower by 2.9%. The value of new orders decreased by 1.4%, y-o-y.

In August 2012, industrial production decreased at constant prices by 3.1%, y-o-y. There was the same number of working days in August 2012 as in August 2011. Seasonally adjusted industrial production was lower by 2.9%, m-o-m. The following contributed the most to the y-o-y decrease of industrial production: manufacture of computer, electronic and optical products (contribution -0.7 p.p., drop by 19.4%), manufacture of motor vehicles, trailers and semi-trailers (contribution -0.6 p.p., drop by 3.6%), and manufacture of basic metals (contribution -0.6 p.p., drop by 13.6%). Industrial production increased the most in manufacture of chemicals and chemical products (contribution +0.3 p.p., growth by 9.9%), manufacture of electrical equipment (contribution +0.15 p.p., growth by 2.2%), and manufacture of beverages (contribution +0.13 p.p., growth by 6.4%).

August data were partially influenced by movements of company holidays during both July and August, namely in the opposite direction than in July, in which industrial production increased by 4.2%, y-o-y. Those influences will be balanced in accumulation for July and August 2012. For the last two months, industrial production increased by 0.5%, y-o-y; after working days adjustment it decreased by 0.6%.

Sales from industrial activity at current prices decreased by 0.7%, y-o-y, in August 2012. Direct export sales of industrial enterprises increased at current prices by 0.4%. Domestic sales, which include also indirect export via non-industrial enterprises decreased at current prices by 1.8%.

In accumulation for July and August 2012, sales from industrial activity increased by 2.4%, y-o-y. Direct export sales increased by 4.8% and domestic sales by 0.2%.

The value of new orders in selected industrial CZ-NACE activities decreased by 1.4%, y-o-y, in August 2012. Non-domestic new orders decreased by 0.5%, while domestic new orders decreased by 3.0%. The y-o-y drop of new orders in total was the most contributed to by the following CZ-NACE divisions: manufacture of motor vehicles, trailers and semi-trailers (contribution -2.5 p.p., drop by 8.1%), manufacture of basic metals (contribution -1.0 p.p., drop by 11.2%) and manufacture of machinery and equipment (contribution -0.5 p.p., drop by 4.0%). The value of new orders increased in manufacture of chemicals and chemical products (contribution +1.5 p.p., growth by 23.1%), manufacture of electrical equipment (contribution +0.7 p.p., growth by 8.0%), and manufacture of paper and paper products (contribution +0.2 p.p., growth by 6.9%).

In accumulation for July and August 2012, the value of new industrial orders increased by 7.0%, y-o-y. Non-domestic new orders increased by 10.5%, while domestic orders increased by 0.6%.

The average registered number of employees ^{* )} in industrial enterprises with 50+ employees decreased in August 2012 by 1.0%. Their average monthly nominal wage increased in August 2012 by 3.0%, y-o-y, and reached CZK 25 743.

According to the Eurostat news release published in July 2012, working day adjusted industrial production in the EU27 decreased by 1.5%, y-o-y. Data for August 2012 will be released by Eurostat on 12 October 2012 at 11:00 a.m.
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^*) The registered number of employees indicator does not include persons working under various contracts for work, working owners of enterprises and cooperating 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.


Notes:
Responsible head at the CZSO: Radek Matějka, phone number: (+420) 274 052 894, e- mail: radek.matejka@csu.gov.cz
Contact person: Jan Ernest, phone number (+420) 274 054 188, e-mail: jan.ernest@csu.gov.cz
Method of data acquisition: direct survey of the CZSO (“Prům 1-12”)
End of data collection: 1 September 2012
Related outputs: time series /produkty/pru_ts
Next News Release will be published on: 6 November 2012