Industry - May 2007

In May 2007, seasonally adjusted industrial production increased by 0.1%, compared to April 2007. Industrial production grew by 7.5% year-on-year. Sales from industrial activity at constant prices rose by 8.6% year-on-year. Industrial new orders increased by 0.5% year-on-year.
Seasonally adjusted industrial production in May 2007 was by 0.1% up, month-on-month. The trend grew by 0.6% (Table 5).

The year-on-year index of industrial production reached 107.5% in May (or 107.9% seasonally adjusted, SA). The growth of industrial production (Table 6) was most contributed to by 'manufacture of electrical and optical equipment' (+16.7%, contribution to the growth of industry in total 2.1 percentage points), 'manufacture of transport equipment' (+8.7%, contribution 1.8 p. p.) and 'manufacture of machinery and equipment' (+18.4%, contribution 1.2 p.p.). A decrease was recorded for 'manufacture of basic metals and fabricated metal products' (-1.6%, contribution -0.2 p.p.), 'manufacture of coke, refined petroleum products' (-2.7%, contribution -0.1 p.p.) and 'mining and quarrying of energy producing materials' (-3.8%, contribution -0.1 p.p.).

In May, industrial production rose in all the main industrial groupings: in ‘capital goods’ (+11.3%), ‘intermediate goods’ (+7.6%), ‘consumer durables’ (+7.5%), ‘consumer non-durables’ (+3.1%) and ‘energy’ (+0.9%).

Sales from industrial activity at constant prices (of the year 2000) rose by 8.6% (+10.9% at current prices), or by 9.2% SA, year-on-year. The increase of sales from industrial activity was most contributed to by ‘manufacture of electrical and optical equipment’ (+15.9%, contribution to the growth of industry in total 2.3 percentage points), ‘manufacture of transport equipment’ (+8.7%, contribution 1.9 p.p.) and ‘manufacture of machinery and equipment’ (+18.4%, contribution 1.4 p.p.). Sales from industrial activity decreased in ‘mining and quarrying except energy producing materials’ (-9.1%, contribution -0.1 p.p.), ‘manufacture of food products, beverages and tobacco’ (-0.5%, contribution –0.04 p.p.) and ‘manufacture of coke, refined petroleum products’ (-1.5%, contribution -0.03 percentage points).

Direct export sales of industrial enterprises increased by 12.0% at constant prices (+13.8% at current prices), and their proportion in total sales of industrial enterprises stood at 50.1% (at current prices).

Sales from industrial activity of foreign-controlled enterprises were up by 11.9% at constant prices (+14.2% at current prices), and their proportion in total sales stood at 60.4% (current prices). Direct export sales of industrial foreign-controlled enterprises increased by 11.9% at constant prices (+13.6% at current prices) and made up 75.3% of total sales of these enterprises (current prices).

The average number of persons employed*) in the industry went up by 2.1% in May 2007 (+24.0 thousand persons) year-on-year. Increases were registered in ‘manufacture of rubber and plastic products’ (+11.4%), ‘manufacture of electrical and optical equipment’ (+5.4%) and ‘manufacture of machinery and equipment’ (+5.4%). Employment decreased most in ‘manufacture of textiles and textile products’ (-6.6%), ‘mining and quarrying of energy producing materials’ (-5.9%) and ‘manufacture of leather and leather products’ (-3.6%).

The average monthly nominal wage in the industry rose by 7.2% year-on-year and reached CZK 21 710. The average hourly wage increased by 9.0% and stood at CZK 145.3. Labour productivity in the industry (sales per employee) rose by 5.8% and hourly labour productivity by 8.1%.

Industrial new orders in selected CZ-NACE activities concluded in May 2007 reached the value of CZK 155.9 billion (current prices), of which non-domestic industrial new orders made up CZK 102.6 billion. The y-o-y index of industrial new orders in total stood at 100.5%. This result was affected by high comparative basis in the previous year and especially in 'manufacture of transport equipment'. The y-o-y index of non-domestic industrial new orders was 110.1%. Non-domestic industrial new orders grew most in ‘manufacture of machinery and equipment‘ (+38.1%, contribution to the growth of industry in total 4.9 percentage points), ‘manufacture of motor vehicles, trailers and semi-trailers’ (+7.6%, contribution 2.5 p.p.) and ‘manufacture of radio, television and communication equipment and apparatus‘ (+23.2%, contribution 1.6 p.p.). Non-domestic industrial new orders dropped in ‘manufacture of basic metals’ (-19.9%, contribution -1.8 percentage points), ‘manufacture of office machinery and computers’ (-16.5%, contribution -0.8 percentage points) and ‘manufacture of wearing apparel; dressing and dyeing of fur’ (-24.8%, contribution -0.1 p.p.).
According to Eurostat News Release, the working days adjusted industrial production in the EU27 rose by 3.2% in April 2007 compared to April 2006. Among the EU27 member states for which data were available, the highest increases were registered in Slovakia (+14.9%), Poland and Slovenia (+10.1%). In Germany a 4.0% growth was recorded. The biggest decrease was recorded in Finland (-1.3%).

---

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: 4 June 2007
End of data processing: 9 June 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.