Industry - December 2004
Industry slowing down in December
Publication Date: 15. 02. 2005
Product Code: r-8001-04
Industrial production in December 2004 was by 1.0% down month-on-month (seasonally adjusted).
The year-on-year industrial production index reached 108.3% or 103.9% (working days adjusted, WDA; there were two more working days in December 2004 compared to December 2003). Sales in industry at constant prices (the year 2000) were higher by 8.6% or 4.0% (WDA).
The industrial production increased most in the following CZ-NACE activities:
- ‘manufacture of transport equipment’ (bodies for motor vehicles, parts for trailers, semi-trailers and other vehicles)
- ‘manufacture of rubber and plastic products’ (plastic shutters; blinds and similar articles, plastic parts and accessories for all land vehicles)
- ‘manufacture of basic metals and fabricated metal products’ (basic iron and steel, ferro-alloys, parts of land vehicles of HS 87 (cold extrusion of steel))
Decreases in the industrial production were recorded for:
- ‘mining and quarrying of energy producing materials’ (coal, services incidental to oil and gas extraction (excl. surveying))
- ‘manufacture of leather and leather products’ (waterproof footwear with rubber outer soles and uppers, sports footwear with outer soles and uppers of rubber or plastic excluding ski-boots)
- ‘manufacture of textiles and textile products’ (jerseys, pullovers and sweatshirts, leather clothes)
As for the main industrial groupings, the highest increases in production were recorded for ‘capital goods’ (+18.8%) and ‘intermediate goods’ (+7.9%). Production of ‘consumer durables’ decreased (-1.7%).
High growth of ‘manufacture of electrical and optical equipment’ (+27.3%), ‘manufacture of transport equipment’ (+22.8%) and ‘manufacture of rubber and plastic products’ (+17.9%) contributed to the increase of total sales in industry.
Direct export sales of industrial enterprises rose by 18.4% at constant prices (+19.8% at current prices), and their share in total sales of industrial enterprises stood at 45.4% (current prices). The highest constant price increases in the direct export sales were recorded for ‘manufacture of electrical and optical equipment’ (+34.1%), ‘manufacture of rubber and plastic products’ (+30.4%) and ‘manufacturing n.e.c.’ (+24.9%). Direct export sales dropped most in ‘electricity, gas and water supply’ (-47.6%), ‘manufacture of textiles and textile products’ (-21.3%) and ‘manufacture of coke, refined petroleum products’ (-13.6%).
Industrial foreign-controlled enterprises raised their sales by 18.1% at constant prices (+19.5% at current prices), and their share in total sales stood at 50.3% (current prices). Direct export sales of these enterprises increased by 23.7% at current prices (+23.7% at constant prices) and accounted for 72.4% of their total sales.
The average number of employees in the industry dropped by 0.3% (-3.9 thousand persons) y-o-y. The employment fell most in ‘manufacture of leather and leather products’, ‘manufacture of textiles and textile products’ and ‘mining and quarrying of energy producing materials’, and increased in ‘manufacture of transport equipment’, ‘manufacture of rubber and plastic products’ and ‘manufacture of electrical and optical equipment’.
The average monthly nominal wage amounted to CZK 18 870, rising by 4.6% y-o-y. Unit wage costs were 3.9% down. The average hourly wage increased by 1.1% and stood at CZK 151.30. Labour productivity (sales per employee) was 8.9% up and productivity per hour grew by 5.3%.
New orders in industrial enterprises of selected CZ-NACE activities were worth CZK 108.8 billion (current prices), of which non-domestic orders accounted for CZK 65.8 billion. The year-on-year index of new orders in total was 119.3%, of which the one of new non-domestic orders was 116.9%. The highest volumes of new non-domestic orders were signed in ‘manufacture of electrical machinery and apparatus n.e.c.’ (index 148.3%), ‘manufacture of fabricated metal products, except machinery and equipment‘ (index 142.7%) and ‘manufacture of medical, precision and optical instruments, watches and clocks’ (index 139.7%). The volume of new non-domestic orders decreased in ‘manufacture of wearing apparel; dressing and dyeing of fur’ (index 72.4%), ‘manufacture of radio, television and communication equipment and apparatus’ (index 74.2%) and ‘manufacturing of chemicals and chemical products’ (index 82.3%).
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The year-on-year industrial production index reached 109.9% in 2004 (most since 2001). Sales in industry at constant prices (the year 2000) were higher by 9.8% in 2004 (most since 2000).
Analysis - Development of the industry in the year 2004
Note
Contact: Josef Vlášek, phone (+420) 274052192, e-mail josef.vlasek@csu.gov.cz
Data source: CZSO direct survey in enterprises
End of data collection: 8 February 2005
End of data processing: 11 February 2005
Related publications: 8001-04 Industry of the Czech Republic
Table 1 – Definitive data for January to December 2004 will be released in June 2005.
Tables 2, 3, and 4 – Data for the individual months of 2004 will be revised in each subsequent processing; definitive data will be available in June 2005.