Industry - May 2011

In May 2011, industrial production increased at constant prices by 15.2%, year-on-year. Seasonally adjusted industrial production was higher by 2.7%, month-on-month. The value of new orders grew by 5.2%, year-on-year.
In May 2011, industrial production increased at constant prices by 15.2%, year-on-year; working day adjusted industrial production increased by 12.6%. There was 1 working day more in May 2011 compared to May 2010. Seasonally (as well as working day) adjusted industrial production was higher by 2.7%, m-o-m. The following contributed the most to the y-o-y growth of industrial production: manufacture of motor vehicles, trailers and semi-trailers (contribution +5.3 percentage points, growth by 29.9%), manufacture of machinery and equipment (contribution +1.8 p.p., growth +22.7%), and manufacture of electrical equipment (contribution +1.5 p.p., growth by 25.7%). The deepest decline of industrial production was recorded in manufacture of computer, electronic and optical products (contribution -0.4 p.p., decrease by 9.5%), manufacture of food products (contribution -0.1 p.p., drop by 2.8%), and manufacture of furniture (contribution -0.1 p.p., drop by 4.8%).

Revenues from industrial activity at current prices increased by 13.9%, y-o-y. Direct export revenues of industrial enterprises at current prices increased by 21.8%. Domestic revenues, which include also indirect export via non-industrial enterprises at current prices increased by 6.9%, y-o-y.

The value of new orders in selected industrial CZ-NACE activities increased by 5.2%, y-o-y. Non-domestic new orders grew by 10.8%, while domestic new orders decreased by 3.9%. 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 +2.7 p.p., growth by 9.0%), manufacture of machinery and equipment (contribution +2.1 p.p., growth by 18.2%), and manufacture of fabricated metal products (contribution +1.4 p.p., growth by 17.1%). The value of new orders decreased in manufacture of computer, electronic and optical products (contribution -4.1 p.p., drop by 28.7%), and manufacture of paper and paper products (contribution -0.1 p.p., drop by 2.3%).

The average registered number of employees* ⁾ in industrial enterprises with 50+ employees increased in May 2011 by 3.7%, y-o-y. Their average monthly nominal wage increased in May 2011 by 6.0%, y-o-y, and reached CZK 26 570.
According to the Eurostat news release published in April 2011, working day adjusted industrial production in the EU27 increased by 4.7%, y-o-y. Data for May 2011 will be released by Eurostat on 13 July 2011 at 11:00 a.m.

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Methodological note:
Responsible head: Radek Matějka, phone: (+420) 27405 2894, 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: 30 June 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 cooperating 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 August 2011