Industry - February 2006

In February 2006, seasonally adjusted industrial production was down by 0.7% month-on-month. The year-on-year industrial production index reached 111.8%. Sales in industry at constant prices (the year 2000) rose by 11.9%. Industrial new orders were up by 17.5% year-on-year.
In February 2006, seasonally adjusted industrial production was down by 0.7% month-on-month. The trend grew by 0.7% (Table 5).
The year-on-year industrial production index reached 111.8%. The growth of industrial production was most affected by ‘manufacture of transport equipment’ (+30.8%, raising the growth of industry by 4.4 percentage points in total), ‘manufacture of basic metals and fabricated metal products’ (+9.1%, raising the growth by 1.4 p.p.) and ‘manufacture of electrical and optical equipment’ (+15.8%, raising the growth by 1.3 p.p.). Decreases in industrial production were recorded for ‘manufacture of textiles and textile products’ (-8.0%, decreasing the growth by 0.4 p.p.), ‘mining and quarrying except energy producing materials’ (-8.3%, decreasing the growth by 0.1 p.p.), and ‘manufacture of coke, refined petroleum products’ (-1.5%, decreasing the growth by 0.1 p.p.).

The industrial production rose in all the main industrial groupings: in ‘consumer durables’ (+25.7%), ‘capital goods’ (+24.5%), ‘intermediate goods’ (+8.7%), ‘consumer non-durables’ (+1.5%) and ‘energy’ (+1.5%).

Sales in industry at constant prices (the year 2000) rose by 11.9% year-on-year. Sales in industry rose especially in enterprises with 500 or more employees (+18.2%), and their proportion in total sales stood at 60.6%. High growth of ‘manufacture of transport equipment’ (+30.8%, raising the growth of industry by 5.9 percentage points in total), ‘manufacture of electrical and optical equipment’ (+11.5%, raising the growth of industry by 1.6 p.p. in total) and ‘manufacture of machinery and equipment’ (+15.8%, raising the growth of industry by 1.1 p.p. in total) contributed to the increase of total sales in industry. Sales in industry decreased in ‘manufacture of coke, refined petroleum products’ (-13.0%, decreasing the growth by –0.3 p.p.) and ‘manufacture of textiles and textile products’ (-9.0%, decreasing the growth by –0.2 p.p.).

Direct export sales of industrial enterprises rose by +8.3% at constant prices (+5.9% at current prices), and their proportion in total sales of industrial enterprises stood at 48.1% (current prices).

Sales of industrial foreign-controlled enterprises were up by 20.5% at constant prices (+18.2% at current prices), and their proportion in total sales stood at 58.2% (current prices). Their direct export sales increased by 10.3% at constant prices (+7.8% at current prices) and made up 75.4% of total sales of these enterprises at current prices.

In February 2006, the average number of employees in the industry went up by 2.4% (+26.5 thousand persons) year-on-year. Year-on-year, employment increased in ‘manufacture of rubber and plastic products’ (+7.9%), ‘manufacture of transport equipment’ (+7.7%) and ‘manufacture of wood and wood products’ (+5.7%); it decreased most in ‘manufacture of textiles’ (-7.4%), ‘electricity, gas and water supply’ and ‘manufacture of leather and leather products’ (-4.2%).

The average monthly nominal wage rose by 6.0% year-on-year and amounted to CZK 17,299. The average hourly wage increased by 4.9% and was CZK 127.1. Labour productivity (sales per employee) increased by 9.3% and productivity per hour by 8.2%. Unit wage costs were down by 3.0%.

Industrial new orders in selected CZ-NACE activities concluded in February were worth CZK 130.5 billion (current prices), of which non-domestic industrial new orders made up CZK 85.9 billion. The industrial new orders index (y-o-y) in total stood at 117.5%, of which the non-domestic industrial new orders index was 113.2%. Non-domestic industrial new orders increased most in ‘manufacture of machinery and equipment’ (index 137.6%), ‘manufacture of motor vehicles, trailers and semi-trailers‘ (index 126.6%) and ‘manufacture of fabricated metal products, except of machinery and equipment’ (index 123.6%). Non-domestic industrial new orders dropped in ‘manufacture of wearing apparel, dressing and dyeing of fur‘ (index 81.1%) and ‘manufacture of pulp, paper and paper products‘ (index 88.9%). The volume of orders in selected CZ-NACE activities was CZK 315.5 billion in the end of February 2006.

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Note
Contact: Jan Ernest, phone (+420) 274054188, e-mail jan.ernest@csu.gov.cz
Data source: CZSO direct survey in enterprises
End of data collection: 3 April 2006
End of data processing: 5 April 2006
Related publications: 8001-06 Industry of the Czech Republic ( http://www.czso.cz/eng/edicniplan.nsf/8001-06 )
Starting from the News Release publishing the results for January 2006, IPI results are processed according to the new methodology, which was published in the Press Release of 10 March 2006.