Industry - July 2007

In July 2007, seasonally adjusted industrial production increased by 0.6%, compared to June 2007. Industrial production grew by 11.5%, year-on-year. Sales from industrial activity at constant prices rose by 13.0%, year-on-year. Industrial new orders increased by 8.6%, year-on-year.

Seasonally adjusted industrial production in July 2007 was 0.6% up, month-on-month. The trend grew by 0.6% (Table 5).





The year-on-year index of industrial production reached 111.5% in July (or 108.8% working days adjusted, WDA). There was one working day more in July 2007 compared to July 2006. Seasonally adjusted index was also 108.8% (including working days adjustment). The growth of industrial production (Table 6) was most contributed to by 'manufacture of transport equipment' (+18.5%, contribution to the growth of industry in total 3.7 percentage points), 'manufacture of electrical and optical equipment' (+23.1%, contribution 2.9 p. p.) and 'manufacture of machinery and equipment' (+22.3%, contribution 1.4 p.p.). A decrease was recorded for 'manufacture of coke, refined petroleum products' (-3.1%, contribution -0.2 p.p.), 'mining and quarrying of energy producing materials' (-9.0%, contribution -0.1 p.p.) and 'manufacture of basic metals and fabricated metal products' (-0.6%, contribution -0.1 p.p.),

In July, the increase of production was recorded for the following main industrial groupings: ‘capital goods’ (+20.2%), ‘consumer durables’ (+11.8%), ‘intermediate goods’ (+10.4%) and ‘consumer non-durables’ (+6.4%). Production of ‘energy’ decreased (-2.3%).

Sales from industrial activity at constant prices (of the year 2000) rose by 13.0% (+15.8% at current prices), by 10.4% WDA, or, identically, by 10.4% SA, year-on-year. The increase of sales from industrial activity was most contributed to by ‘manufacture of transport equipment’ (+18.7%, contribution to the growth of industry in total 4.0 percentage points), ‘manufacture of electrical and optical equipment’ (+17.2%, contribution 2.6 p.p.) and ‘manufacture of machinery and equipment’ (+22.2%, contribution 1.7 p.p.). Sales from industrial activity decreased in 'mining and quarrying of energy producing materials' (-8.7%, contribution -0.1 p.p.), 'mining and quarrying except energy producing materials' (-6.4%, contribution -0.04 p.p.) and 'manufacture of coke, refined petroleum products' (-1.7%, contribution -0.04 p.p.).

Direct export sales of industrial enterprises increased by 13.9% at constant prices (+16.5% at current prices), and their proportion in total sales of industrial enterprises stood at 48.9% (at current prices).

Sales from industrial activity of foreign-controlled enterprises were 15.8% up at constant prices (+18.3% at current prices), and their proportion in total sales stood at 60.5% (current prices). Direct export sales of industrial foreign-controlled enterprises increased by 13.8% at constant prices (+16.3% at current prices) and made up 75.4% of total sales of these enterprises (current prices).

The average number of persons employed*) in the industry went up by 2.6% in July 2007 (+29.9 thousand persons) year-on-year. Increases were registered in ‘manufacture of rubber and plastic products’ (+10.3%), ‘manufacture of electrical and optical equipment’ (+5.8%) and ‘manufacture of machinery and equipment’ (+5.1%). Employment decreased most in ‘manufacture of leather and leather products’ (-9.1%), ‘manufacture of textiles and textile products’ (-7.2%) and ‘mining and quarrying of energy producing materials’ (-5.9%).

The average monthly nominal wage in industry rose by 9.4% year-on-year and in July amounted to CZK 21,260. The average hourly wage increased by 5.2% and stood at CZK 170.3. Labour productivity in industry (sales per employee) rose by 9.5% and hourly labour productivity by 5.9%.

Industrial new orders in selected CZ-NACE activities concluded in July 2007 reached the value of CZK 136.0 billion (current prices), of which non-domestic industrial new orders made up CZK 86.5 billion. The y-o-y index of industrial new orders in total stood at 108.6%%, the index of non-domestic industrial new orders was 106.1%. Non-domestic industrial new orders grew most in ‘manufacture of machinery and equipment‘ (+16.4%, contribution to the growth of industry in total 2.2 percentage points), manufacture of electrical machinery and apparatus (+21.0%, contribution 2.1 p.p.) and ‘manufacture of motor vehicles, trailers and semi-trailers’ (+5.3%, contribution 1.6 p.p.). Non-domestic industrial new orders dropped in ‘manufacture of radio, television and communication equipment and apparatus’ (-23.2%, contribution -2.1 percentage points), ‘manufacture of other transport equipment’
(-27.2%, contribution -0.7 percentage points) and ‘manufacture of office machinery and computers’
(-6.0%, contribution -0.3 p.p.).

According to Eurostat News Release, the working days adjusted index of industrial production in the EU27 rose by 2.5% in June 2007 compared to June 2006. Among the EU27 member states for which the data were available, the highest increases were registered in Bulgaria (+14.6%), Slovakia (+12.0%) and Slovenia (+10.0%). In Germany a 5.7% growth was recorded. The biggest decrease was recorded in Denmark (-2.1%).

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Note
Contact: Jan Ernest, tel: (+420) 274054188, e-mail: jan.ernest@csu.gov.cz
Data source: CZSO direct survey in enterprises with 20+ employees
End of data collection: 3 September 2007
End of data processing: 5 September 2007
Related publication: 8001-07 Industry of the Czech Republic ( /produkty/prumysl-ceske-republiky-prosinec-bifzzwj49k )


*) Starting from January 2007, in accordance with Eurostat methodology, monthly data on numbers of employed persons are published by the Czech Statistical Office as part of the short-term industrial statistics. Unlike the average registered number of employees published before, the new indicator includes also persons working under agreement for work performed outside the employment relationship and other employed persons who participate in work for the company without having an employment relationship with the company. The new figure represents full-time equivalent (FTE). This change has an impact on average wage and labour productivity calculations. The last mentioned indicator considers, in addition, the number of agency workers not included in the number of persons employed. Year-on-year comparability of the data published is ensured.