Industry - March 2022

Industrial production increased in real terms by 0.4%, year-on-year (y-o-y), in March. In the month-on-month (m-o-m) comparison, it was by 2.6% higher. The value of new orders increased by 3.4%, y-o-y.

“Situation in industry was also in March very similar to that of preceding months. Since production decreased in manufacture of motor vehicles, Czech industrial production stagnated also in March, the same as the value of new orders,” Radek Matějka, Director of the Agricultural and Forestry, Industrial, Construction, and Energy Statistics Department, says.

Industrial production in March 2022 was in real terms by 2.6% higher, m-o-m. In the year-on-year comparison, it increased by 0.4%. A vast majority of economic activities of industry recorded year-on-year growth in March. The biggest contributions came from manufacture of electrical equipment (due to an increased demand for electrotechnical production) and from electricity, gas, steam, and air conditioning supply (in which especially production of coal power plants was higher). Manufacture of motor vehicles remained on the same level, month-on-month; in comparison to March of the previous year, it decreased by 17%, especially due to persisting problems on the side of suppliers. Also high comparison basis had an influence on that result. Also industries (economic activities) that are related to car production recorded a decrease of production again. 

The value of new orders at current prices in surveyed industrial CZ-NACE activities was in March 2022 on the same level as in the previous month; in the year-on-year comparison, it increased by 3.4%. Non-domestic new orders increased by 2.8%, year-on-year. Domestic new orders increased by 4.9%. “The same as in the previous months, the total value of new industrial orders was mainly influenced by two important factors: a significant price increase in some industries (economic activities), for example, in manufacture of chemicals and in manufacture of basic metals, and persisting problems in manufacture of motor vehicles,“ Iveta Danišová from the Industrial Statistics Unit of the CZSO adds.

The average registered number of employees in industry decreased by 0.1%, y-o-y, in March 2022. The average gross monthly nominal wage of those employees increased by 10.3%, y-o-y, in March 2022. A higher growth rate of wages was influenced by payment of annual bonuses in many enterprises.

According to data released by Eurostat, industrial production in the EU27 in February 2022 increased by 3.0%, year-on-year. The highest year-on-year growth was recorded by Lithuania and Poland, German industry increased by 2.1%. On the other hand, the biggest decrease was in the industry of Ireland and Portugal. Performance of Czech industry decreased by 0.3%.

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More detailed information on the development of industrial production in the first quarter of 2022 can be found in the supplementary information to the News Release on Industry.

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Notes:
March 2022 had the same number of working days as March 2021.
The year-on-year development of all indicators is published after having been adjusted for working days. Month-on-month or quarter-on-quarter rates are also seasonally adjusted. Contributions to an increase or to a decrease are calculated from data adjusted for working days.
Methodology: https://csu.gov.cz/pru_m

Responsible head at the CZSO: Radek Matějka, Director of the Agricultural and Forestry, Industrial, Construction, and Energy Statistics Department, phone number: (+420) 736 168 543, e-mail: radek.matejka@csu.gov.cz
Contact person: Iveta Danišová, phone number (+420) 274 054 191, e-mail: iveta.danisova@csu.gov.cz
Method of data acquisition: direct survey of the CZSO (Prům 1–12)
End of data collection: 2 May 2022
Related outputs: time series in the Public database, the Industry chapter 
international comparison in EU countries: Eurostat
Next News Release will be published on: 6 June 2022