Industry - May 2006

In May 2006, seasonally adjusted industrial production was up by 3.4% month-on-month. The year-on-year industrial production index reached 112.2% or 113.8% (working days adjusted). Sales from industrial activity at constant prices (the year 2000) rose by 12.8%. Industrial new orders were up by 30.9% year-on-year.
Seasonally adjusted industrial production was up by 3.4% month-on-month in May 2006. The trend grew by 0.9% (Table 5).

The year-on-year industrial production index reached 112.2% (or 113.8% working days adjusted, WDA; May 2006 had one working day less than May 2005). The growth of industrial production (Table 6) was most affected by ‘manufacture of transport equipment’ (+19.8%, raising the growth of industry by 3.8 percentage points in total), ‘manufacture of basic metals and fabricated metal products’ (+18.1%, raising the growth by 2.3 p.p.) and ‘manufacture of electrical and optical equipment’ (+18.5%, raising the growth by 2.2 p.p.). A decrease in industrial production was recorded for ‘electricity, gas and water supply’ (-4.1%, decreasing the growth by 0.3 p.p.) and ‘mining and quarrying of energy producing materials’ (-5.6%, decreasing the growth by 0.1 p.p.).

As for the main industrial groupings, increases in production were recorded for ‘consumer durables’ (+26.0%), ‘capital goods’ (+18.6%), ‘intermediate goods’ (+13.2%) and ‘consumer non-durables’ (+4.2%), while production of energy’ decreased (-0.8%).

Sales from industrial activity at constant prices (the year 2000) rose by 12.8% (or 15.5% working days adjusted, WDA), year-on-year. The increase of sales from industrial activity was most contributed to by ‘manufacture of transport equipment’ (+19.8%, raising the growth of industry by 4.0 percentage points in total), ‘manufacture of electrical and optical equipment’ (+18.0%, raising the growth of industry by 2.5 p.p.) and ‘manufacture of basic metals and fabricated metal products’ (+17.3%, raising the growth of industry by 1.9 p.p.). Sales in industry decreased most in ‘manufacture of coke, refined petroleum products’ (-6.1%, decreasing the growth by 0.2 p.p.).

Direct export sales of industrial enterprises increased by 14.8% at constant prices (+11.8% at current prices), and their proportion in total sales of industrial enterprises stood at 48.7% (current prices).

Sales from industrial activity of foreign-controlled enterprises were up by 20.4% at constant prices (+19.1% at current prices), and their proportion in total sales stood at 58.6% (current prices). Direct export sales of industrial foreign-controlled enterprises increased by 18.0% at constant prices (+15.3% at current prices) and made up 75.5% of total sales of these enterprises at current prices.

The average number of employees in the industry in May went up by 1.8% (+19.7 thousand persons) year-on-year. It increased in ‘manufacture of rubber and plastic products’ (+9.3%), ‘manufacture of transport equipment’ (+6.0%) and ‘manufacture of electrical and optical equipment’ (+5.9%). Employment decreased most in ‘manufacture of textiles’ (-7.2%), ‘electricity, gas and water supply’ (-4.4%) and ‘mining and quarrying of energy producing materials’ (-3.9%).

The average monthly nominal wage in May rose by 8.0% year-on-year and amounted to CZK 20 089. The average hourly wage increased by 8.1% and was CZK 134.0. Labour productivity in industry (sales per employee) rose by 10.9% and hourly labour productivity by 11.0%. Unit wage costs were down by 2.6%.

Industrial new orders in selected CZ-NACE activities concluded in May were worth CZK 152.4 billion (current prices), of which non-domestic industrial new orders made up CZK 91.7 billion. The industrial new orders index (y-o-y) in total stood at 130.9%, of which the non-domestic industrial new orders index was 124.6%. Non-domestic industrial new orders increased most in ‘manufacture of medical, precision and optical instruments, watches and clocks’ (index 233.6%), ‘manufacture of basic metals‘ (index 143.7%), ‘manufacture of electrical machinery and apparatus‘ (index 135.2%). Non-domestic industrial new orders dropped in ‘manufacture of other transport equipment‘ (index 88.1%), ‘manufacture of wearing apparel, dressing and dyeing of fur’ (index 90.1%) and ‘manufacture of pulp, paper and paper products‘ (index 90.8%). The volume of orders in selected CZ-NACE activities was CZK 354.0 billion at the end of May 2006.

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Note
Contact: Jan Ernest, phone (+420) 274054188, e-mail jan.ernest@csu.gov.cz
Data source: CZSO direct survey in enterprises
End of data collection: 4 July 2006
End of data processing: 10 July 2006
Related publications: 8001-06 Industry of the Czech Republic ( http://www.czso.cz/eng/edicniplan.nsf/8001-06 )
Starting from the News Release publishing the results for January 2006, IPI results are processed according to the new methodology, which was published in the Press Release of 10 March 2006.