Industry - January 2014

In January 2014, industrial production increased at constant prices by 5.5%, year-on-year. Compared to the previous month, seasonally adjusted industrial production was lower by 0. 5%. The value of new orders increased by 12.6%, y-o-y.

In January 2014, industrial production increased at constant prices by 5.5%, y-o-y. Seasonally adjusted industrial production was lower by 0.5%, 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 +2.6 p.p., growth by 15.0%), manufacture of fabricated metal products (contribution +0.9 p.p., growth by 10.5%), and manufacture of rubber and plastic products (contribution +0.8 p.p., growth by 11.9%). Industrial production decreased in electricity, gas, steam and air conditioning supply (contribution -0.4 p.p., drop by 2.3%), printing and reproduction of recorded media (contribution -0.1 p.p., drop by 7.3%), and mining and quarrying (contribution -0.03 p.p., drop by 0.9%).

Sales from industrial activity at current prices increased by 9.4%, y-o-y, in January 2014. Direct export sales of industrial enterprises increased at current prices by 16.5%. Domestic sales, which include also indirect export via non-industrial enterprises increased at current prices by 2.2%.

The value of new orders in selected industrial CZ-NACE activities increased by 12.6%, y-o-y, in January 2014. Non-domestic new orders increased by 20.7%, while domestic new orders decreased by 1.3%. 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 +8.7 p.p., growth by 25.3%), manufacture of fabricated metal products (contribution +1.6 p.p., growth by 13.5%), and manufacture of electrical equipment (contribution +1.2 p.p., growth by 13.3%). The value of new orders decreased only in manufacture of chemicals and chemical products (contribution -1.8 p.p., drop by 16.4%).

The average registered number of employees ^*) in industrial enterprises with 50+ employees increased in January 2014 by 0.6%, y-o-y. Their average monthly nominal gross wage increased in January 2014 by 4.6%, y-o-y, and reached CZK 27 093.

According to the Eurostat news release working day adjusted industrial production in the EU28 in January 2014 increased by 2.4%, y-o-y.


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 within activities of services (CZ-NACE 78.2) .
Responsible head at the CZSO: Radek Matějka, phone number: (+420) 274 052 894, e-mail: radek.matejka@csu.gov.cz
Contact person: Jan Ernest, phone number (+420) 274 054 188, e-mail: jan.ernest@csu.gov.cz
Method of data acquisition: direct survey of the CZSO (Prům 1-12)
End of data collection: 10 March 2014
Related outputs: time series /produkty/pru_ts
Next News Release will be published on: 7 April 2014