Industry - January 2015

In January 2015, industrial production increased at constant prices by 2.9%, year-on-year. Working day adjusted industrial production increased by 5.5%. Compared to the previous month, seasonally adjusted industrial production was higher by 0.4%. The value of new orders increased by 1.1%, y-o-y.

In January 2015, industrial production increased at constant prices by 2.9%, y-o-y. Working day adjusted (WDA) industrial production increased by 5.5%, y-o-y. January 2015 had 1 working day less compared to January 2014. Seasonally adjusted (as well as WDA) industrial production increased by 0.4%, 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 7.4%), manufacture of electrical equipment (contribution +0.28 p.p., growth by 4.1%), and manufacture of other transport equipment (contribution +0.26 p.p., growth by 20.0%). Industrial production decreased in mining and quarrying (contribution -0.2 p.p., drop by 4.1%), manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (contribution -0.1 p.p., drop by 7.9%), and manufacture of wearing apparel (contribution -0.09 p.p., drop by 17.1%).

Sales from industrial activity at current prices increased by 3.2%, y-o-y, in January 2015. Direct export sales of industrial enterprises increased at current prices by 4.7%. Domestic sales, which include also indirect export via non-industrial enterprises increased at current prices by 1.5%.

The value of new orders in selected industrial CZ-NACE activities increased by 1.1%, y-o-y, in January 2015. Non-domestic new orders decreased by 0.3%, while domestic new orders increased by 4.0%. 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 +1.9 p.p., growth by 5.3%), manufacture of electrical equipment (contribution +0.8 p.p., growth by 8.7%), and manufacture of fabricated metal products (contribution +0.4 p.p., growth by 3.4%). New orders decreased in manufacture of basic metals (contribution -1.4 p.p., drop by 17.4%), manufacture of chemicals and chemical products (contribution -0.9 p.p., drop by 11.1%) and manufacture of textiles (contribution -0.2 p.p., drop by 8.6%).

The average registered number of employees^*) in industrial enterprises with 50+ employees increased in January 2015 by 3.0%, y-o-y. Their average monthly nominal gross wage increased in January 2015 by 1.2%, y-o-y, and reached CZK 27 348.

According to the Eurostat news release working day adjusted industrial production in the EU28 in January 2015 increased by 1.5%, y-o-y.