Industry - December 2014
Industrial Production in 2014 Grew by 4.9%
Publication Date: 06. 02. 2015
Product Code: 150153-14
In December 2014 industrial production at constant prices increased by 7.3%, year-on-year (y-o-y), and working days adjusted industrial production increased by 4.7%, y-o-y. Compared to the previous month seasonally adjusted industrial production increased by 0.6%. The value of new orders increased by 12.0%, y-o-y.
In 2014 industrial production increased by 4.9%, y-o-y. The value of new orders was by 12.1% higher.
In December 2014, industrial production increased at constant prices by 7.3%, y-o-y; if working days adjusted, industrial production increased by 4.7%. December 2014 was by 1 working days longer than December 2013. Seasonally adjusted industrial production (as well as working days adjusted) was higher by 0.6%, m-o-m. The following contributed most to the y-o-y growth of industrial production: manufacture of motor vehicles, trailers and semi-trailers (contribution +2.3 p.p., growth by 16.0%), manufacture of electrical equipment (contribution +1.0 p.p., growth by 15.3%) and manufacture of machinery and equipment (contribution +0.7 p.p., growth by 7.5%). Industrial production decreased in economic activities of electricity, gas, steam and air conditioning supply (contribution -0.3 p.p., drop by 2.2%), mining and quarrying (contribution -0.2 p.p., drop by 4.4%) and manufacture of products of wood, cork, except furniture, manufacture of articles of straw and plaiting materials (contribution -0.1 p.p., drop by 4.7%).
Sales from industrial activity at current prices increased by 7.6%, y-o-y, in December 2014. Direct export sales of industrial enterprises increased at current prices by 17.5%. Domestic sales, which include also indirect export via non-industrial enterprises, fell at current prices by 1.4%.
The value of new orders in selected industrial CZ-NACE activities increased by 12.0%, y-o-y, in December 2014. Non-domestic new orders raised by 9.6%, while domestic new orders increased by 16.7%. The y-o-y overall increase of new orders was most contributed to by the following CZ-NACE divisions: manufacture of motor vehicles, trailers and semi-trailers (contribution +4.9 p.p., growth by 14.8%), manufacture of computer, electronic and optical products (contribution +1.9 p.p., growth by 18.3%), and manufacture of electrical equipment (contribution +1.7 p.p., growth by 18.0%). New orders dropped in manufacture of wearing apparel (contribution -0.03, drop by 4.2%), manufacture of chemicals and chemical products (contribution -0.03 p.p., drop by 0.4%) and manufacture of basic pharmaceutical products and pharmaceutical preparations (contribution -0.01 p.p., drop by 0.6%).
The average registered number of employees*) in industrial enterprises with 50+ employees increased in December 2014 by 2.3%, y-o-y. Their average monthly gross nominal wage increased in December 2014 by 2.9%, y-o-y, and reached CZK 29 035.
According to the Eurostat news release published in November 2014, working day adjusted industrial production in the EU28 decreased by 0.1%, y-o-y. Data for December 2014 will be released by Eurostat on 12 February 2015 at 11:00 a.m. according to preliminary time-schedule.
Industry in Q4 2014
Industrial production in the Q4 2014 increased by 3.2%, y-o-y, the working days adjusted increased by 4.2%. Q4 2014 was by 1 working day shorter than Q4 2013. Compared to Q3 2014 seasonally adjusted industrial production in Q4 2014 was by 2.6% higher.
Sales from industrial activity at current prices were higher by 5.9%, y-o-y, in the Q4 2014. Direct export sales of industrial enterprises increased at current prices by 14.0%. Domestic sales, which include also indirect export via non-industrial enterprises, decreased at current prices by 2.2%.
The value of new orders in selected industrial CZ-NACE activities increased by 7.4%, y-o-y, in Q4 2014. Non-domestic new orders rose by 6.5%, while domestic new orders went up by 9.1%.
The average registered number of employees*) in industrial enterprises with 50+ employees increased by 2.2%, y-o-y in Q4 2014. Their average monthly gross nominal wage in Q4 2014 increased by 2.4%, y-o-y, and reached CZK 29 234.
Industry in 2014
In 2014 industrial production increased by 4.9%, y-o-y. The following contributed most to the y-o-y growth of industrial production: manufacture of motor vehicles, trailers and semi-trailers (contribution +2.1 p.p., growth by 13%), manufacture of metal structures and parts of structures (contribution +0.53 p.p., growth by 6.0%) and manufacture of electrical equipment (contribution +0.51 p.p., growth by 7.2%). Industrial production decreased in economic activities of electricity, gas, steam and air conditioning supply (contribution -0.3 p.p., drop by 2.4%), mining and quarrying (contribution -0.1 p.p., drop by 2.8%) and publishing activities and motion picture, video and television programme distribution activities (contribution -0.05 p.p., drop by 4.0%).
Sales from industrial activity at current prices were higher by 8.4%, y-o-y, in 2014. Direct export sales of industrial enterprises increased at current prices by 15.9%. Domestic sales, which include also indirect export via non-industrial enterprises, rose at current prices by 0.7%.
The value of new orders in selected industrial CZ-NACE activities increased by 12.1%, y-o-y, in 2014. Non-domestic new orders rose by 12.9%, while domestic new orders increased by 10.5%.
The average registered number of employees*) in industrial enterprises with 50+ employees increased by 1.8%, y-o-y in 2014. Their average monthly gross nominal wage in 2014 increased by 2.5%, y-o-y, and reached CZK 27 608.
Notes:
*) 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 industry, yet within activities of services (CZ-NACE 78.2).
Responsible head at the CZSO: Radek Matějka, phone: (+420) 274 052 894,
e-mail: radek.matejka@csu.gov.cz
Contact person: Veronika Doležalová, phone (+420) 274 054 286,
e-mail: veronika.dolezalova@csu.gov.cz
Method of data acquisition: Direct survey of the CZSO (“Prům 1-12”)
End of data collection: 2 February 2015
Related outputs: time series http://www.czso.cz/eng/redakce.nsf/i/pru_ts
Next News Release will be published on: 13 March 2015