Industry - February 2015

In February 2015, industrial production increased at constant prices by 4.5%, year-on-year. Compared to the previous month, seasonally adjusted industrial production was higher by 0.6%. The value of new orders increased by 10.0%, y-o-y.

In February 2015, industrial production increased at constant prices by 4.5%, y-o-y. Seasonally adjusted industrial production increased by 0.6%, m-o-m. The following contributed the most to the y-o-y increase of industrial production: manufacture of motor vehicles, trailers and semi-trailers (contribution +1.3 p.p., growth by 6.9%), electricity, gas, steam and air conditioning supply (contribution +0.9%, growth by 6.5%), and manufacture of electrical equipment (contribution +0.6 p.p., growth by 8.3%). Industrial production decreased in mining and quarrying (contribution -0.3 p.p., drop by 9.5%), manufacture of basic pharmaceutical products and pharmaceutical preparations (contribution -0.1 p.p., drop by 5.9%), and manufacture of computer, electronic and optical products (contribution -0.05 p.p., drop by 2.1%).

Sales from industrial activity at current prices increased by 3.5%, y-o-y, in February 2015. Direct export sales of industrial enterprises increased at current prices by 6.5%. Domestic sales, which include also indirect export via non-industrial enterprises at current prices remained on the same level as in February 2014.  

The value of new orders in selected industrial CZ-NACE activities increased by 10.0%, y-o-y, in February 2015. Non-domestic new orders increased by 11.7%, while domestic new orders increased by 6.5%. The y-o-y growth 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 +7.7 p.p., growth by 20.8%), manufacture of other transport equipment (contribution +1.1 p.p., growth by 73.2%), and manufacture of electrical equipment (contribution +0.9 p.p., growth by 9.8%). New orders decreased in manufacture of computer, electronic and optical products (contribution -0.8 p.p., drop by 7.6%), manufacture of chemicals and chemical products (contribution -0.6 p.p., drop by 8.8%), and manufacture of textiles (contribution -0.1 p.p., drop by 2.3%).

The average registered number of employees^*) in industrial enterprises with 50+ employees increased in February 2015 by 3.2%, y-o-y. Their average monthly nominal gross wage increased in February 2015 by 2.0%, y-o-y, and reached CZK 25 840.

According to the Eurostat news release working day adjusted industrial production in the EU28 in January 2015 increased by 1.5%, y-o-y. According to a preliminary time schedule, data for February 2015 will be released by Eurostat on 14 April 2015 at 11:00 a.m.