Industry - March 2011

In March 2011, industrial production increased at constant prices by 9.5%, year-on-year. Seasonally adjusted industrial production was lower by 0.9%, month-on-month. The value of new orders grew by 9.7%, year-on-year.
In March 2011, industrial production increased at constant prices by 9.5%, year-on-year. Seasonally adjusted industrial production decreased by 0.9%, m-o-m. The year-on-year growth in industrial production was most contributed to by manufacture of motor vehicles, trailers and semi-trailers (contribution +3.8 percentage points, growth by 21.5%), manufacture of fabricated metal products (contribution +1.4 p.p., growth by 17.1%), and manufacture of machinery and equipment (contribution +1.3 p.p., growth +16.4%). The deepest decline of industrial production was recorded in electricity, gas, steam and air conditioning supply (contribution -0.5 p.p., drop by 5.0%), manufacture of food products (contribution -0.2 p.p., drop by 4.5%), and manufacture of coke and refined petroleum products (contribution -0.1 p.p., drop by 15.8%).

Revenues from industrial activity at current prices increased by 10.7%, year-on-year. Direct export revenues of industrial enterprises at current prices increased by 19.5%. Domestic revenues, which include also indirect export via non-industrial enterprises at current prices increased by 3.0%, y-o-y.

The value of new orders in selected industrial CZ-NACE activities increased by 9.7%, y-o-y. Non-domestic new orders grew by 18.9%, while domestic new orders decreased by 4.6%. 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 +4.0 p.p., growth by 13.0%), manufacture of machinery and equipment (contribution +1.9 p.p., growth by 16.7%), and manufacture of basic metals (contribution +1.4 p.p., growth by 17.8%). The value of new orders decreased in manufacture of fabricated metal products (contribution -0.4 p.p., drop by 2.7%) and manufacture of basic pharmaceutical products and pharmaceutical preparations (contribution -0.3 p.p., drop by 19.9%).

The average registered number of employees* ⁾ in industrial enterprises with 50+ employees increased in March 2011 by 4.2%, year-on-year. Their average monthly nominal wage increased in March 2011 by 4.5%, year-on-year, and reached CZK 25 990.
Industry in the first quarter of 2011

In Q1 2011 industrial production increased by 12.7%, y-o-y; WDA industrial production increased by 11.7%. There was 1 working day more in Q1 2011 compared to Q1 2010. The y-o-y growth of industrial production was most contributed to by manufacture of motor vehicles, trailers and semi-trailers (contribution +4.9 p.p., growth by 27.3%), manufacture of fabricated metal products (contribution +1.8 p.p., growth by 23.0%), and manufacture of machinery and equipment (contribution +1.5 p.p., growth by 20.0%). The deepest decline of industrial production was in electricity, gas, steam and air conditioning supply (contribution -0.5 p.p., drop by 4.1%), manufacture of food products (contribution -0.1 p.p., drop by 2.6%), and manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (contribution -0.05 p.p., drop by 1.8%).

Revenues from industrial activity at current prices increased by 12.9%, y-o-y, in Q1 2011. Direct export revenues of industrial enterprises at current prices increased by 21.8%, y-o-y, in Q1 2011. Domestic revenues, which include also indirect export via non-industrial enterprises at current prices increased by 5.3%, y-o-y, in Q1 2011.

The average registered number of employees* ⁾ in industrial enterprises with 50+ employees increased by 4.1%, y-o-y, in Q1 2011. Their average monthly nominal wage rose by 4.2%, y-o-y, in Q1 2011 and reached CZK 24 643.

New orders in selected industrial CZ-NACE activities increased by 13.2%, y-o-y, in Q1 2011. Non-domestic new orders increased by 20.0% in Q1 2011, while domestic new orders grew only by 2.2%.
According to the Eurostat news release published in February 2011, WDA industrial production in the EU27 increased by 7.0%, y-o-y. Data for March 2011 will be released by Eurostat on 12 May 2011 at 11:00 a.m.

---

Methodological note:
Responsible head: Radek Matějka, phone: (+420) 27 4052894, e-mail: radek.matejka@csu.gov.cz
Contact person: Jan Ernest, phone (+420) 274054188, e-mail: jan.ernest@csu.gov.cz
Method of data acquisition: direct survey of the CZSO (“Prům 1-12”)
End of data collection: 2 May 2011
Specific methodological notes: * ⁾ The registered number of employees indicator does not include: persons working under various contracts for work, working owners of enterprises and co-operating 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, however, not within the industry.
Related publications: time series /produkty/pru_ts
The next News Release will be published on 6 June 2011