Industry - February 2019

In February, working days adjusted industrial production increased at constant prices by 1.5%, year-on-year (y-o-y). Seasonally adjusted industrial production increased by 0.5%, month-on-month (m-o-m). The value of new orders increased by 1.4%, y-o-y.

Industrial production¹ increased in February 2019 at constant prices by 0.5%, m-o-m. In the year-on-year comparison it increased by 1.5%. The following economic activities contributed the most to the y-o-y increase in industrial production: electricity, gas, steam and air conditioning supply (contribution +0.8 percentage point (p. p.), growth by 6.7%), manufacture of electrical equipment (contribution +0.2 p. p., growth by 3.0%), and manufacture of machinery and equipment (contribution +0.2 p. p., growth by 2.3%). Industrial production decreased in the following economic activities: manufacture of motor vehicles, trailers and semi-trailers (contribution −0.15 p. p., drop by 0.8%), manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (contribution −0.13 p. p., drop by 7.0%), and manufacture of chemicals and chemical products (contribution −0.11 p. p., drop by 2.7%). Non-adjusted industrial production was by 1.5% higher, y-o-y (there was the same number of working days in February 2019 and February 2018).

Sales from industrial activity at current prices² increased by 3.6%, y-o-y, in February 2019. Direct export sales of industrial enterprises increased at current prices by 4.9%. Domestic sales, which include also indirect export via non-industrial enterprises increased at current prices by 1.9%. 

The value of new orders² in surveyed industrial CZ-NACE activities increased by 1.4%, y-o-y, in February 2019. Non-domestic new orders increased by 1.3%, while domestic new orders increased by 1.5%. The y-o-y increase of new orders in total was the most contributed to by the following CZ-NACE divisions: manufacture of fabricated metal products (contribution +0.6 p. p., growth by 5.3%), manufacture of basic metals (contribution +0.4 p. p., growth by 7.1%), and manufacture of motor vehicles, trailers and semi-trailers (contribution +0.4 p. p., growth by 0.9%). New orders decreased in manufacture of computer, electronic and optical products (contribution −0.4 p. p., drop by 4.4%), manufacture of electrical equipment (contribution −0.14 p. p., drop by 1.4%), and manufacture of chemicals and chemical products (contribution −0.10 p. p., drop by 2.0%).

The average registered number of employees³ in industry decreased in February 2019 by 0.2%, y-o-y. Their average gross monthly nominal wage increased in February 2019 by 7.1%, y-o-y.

According to the Eurostat news release, working days adjusted industrial production in the EU28 in January 2019 decreased by 0.4%, y-o-y. According to a preliminary time schedule, Eurostat will release data for February 2019 on 12 April 2019.

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