Industry - July 2024

Industrial production in July 2024 was in real terms by 0.8% lower, m-o-m. In the year-on-year comparison, it decreased by 1.9%. “Industrial production mainly decreased due to a shift of company holidays in enterprises manufacturing motor vehicles. On the other hand, many economic industries, for example, manufacture of food products, reported in July a year-on-year growth,” Radek Matějka, Director of the Agricultural and Forestry, Industrial, Construction, and Energy Statistics Department of the Czech Statistical Office (CZSO), says. Production continued to decrease in manufacture of basic metals (mainly of black and brown coal) and also in manufacture of machinery and equipment in which, however, the value of new orders increased in July.

The value of new orders at current prices in surveyed industrial CZ-NACE activities decreased by 1.8%, y-o-y, in July 2024. Non-domestic new orders decreased by 2.0%, y-o-y; domestic new orders decreased by 1.5%. The value of new orders decreased, month-on-month, by 8.9%. “New industrial orders increased, year-on-year, in most of the surveyed industrial economic activities. However, an overall year-on-year decrease of their value, similarly as a decrease in production, was the most influenced by car production; a higher comparison basis was also partially reflected there,” Veronika Doležalová, Head of the Industrial Statistics Unit of the CZSO, says.

The average registered number of employees in industry decreased by 1.9%, y-o-y, in July 2024.

According to data released by Eurostat, industrial production in the EU27 decreased by 3.2%, year-on-year, in June 2024. The biggest year-on-year decrease was recorded by Ireland (by 17.4%). German industry decreased by 4.1%, performance of Czech industry decreased by 3.3%. As for economic activities of industry in the EU27, the biggest decrease was in manufacture of computer, electronic and optical products (by 17.9%) and the highest growth was recorded by other manufacturing (by 6.7%). According to a preliminary release calendar, Eurostat will release data for July 2024 on 13 September 2024.