Industry - May 2018
The value of new orders increased, year-on-year
Publication Date: 09. 07. 2018
Product Code: 150153-18
In May 2018, industrial production increased at constant prices by 1.4%, year-on-year (y-o-y). Seasonally adjusted industrial production increased by 2.9%, month-on-month (m-o-m). The value of new orders increased by 9.5%, y-o-y.
In May 2018, seasonally adjusted industrial production increased at constant prices by 2.9%, m-o-m. When compared to the corresponding month of the previous year, it increased at constant prices by 1.4%. There was the same number of working days in May 2018 and May 2017. The following contributed the most to the y-o-y increase of industrial production: electricity, gas, steam and air conditioning supply (contribution +0.34 percentage point (p.p.), growth by 3.8%), manufacture of computer, electronic and optical products (contribution +0.29 p.p., growth by 9.4%), and manufacture of fabricated metal products (contribution +0.26 p.p., growth by 2.4%). Industrial production decreased in manufacture of motor vehicles, trailers and semi-trailers (contribution -0.3 p.p., drop by 1.3%), manufacture of basic pharmaceutical products and pharmaceutical preparations (contribution -0.1 p.p., drop by 9.2%), and manufacture of machinery and equipment (contribution -0.1 p.p., drop by 0.7%).
Sales from industrial activity at current prices decreased by 0.3%, y-o-y, in May 2018. Direct export sales of industrial enterprises decreased at current prices by 1.3%. Domestic sales, which include also indirect export via non-industrial enterprises increased at current prices by 1.2%.
The value of new orders in selected industrial CZ-NACE activities increased by 9.5%, y-o-y, in May 2018. Non-domestic new orders increased by 12.5%, while domestic new orders increased by 3.2%. The y-o-y increase 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 +7.9 p.p., growth by 21.0%), manufacture of computer, electronic and optical products (contribution +0.9 p.p., growth by 9.4%), and manufacture of fabricated metal products (contribution +0.7 p.p., growth by 5.8%). New orders decreased in manufacture of electrical equipment (contribution -0.4 p.p., drop by 3.9%), manufacture of basic pharmaceutical products and pharmaceutical preparations (contribution -0.2 p.p., drop by 14.0%), and manufacture of paper and paper products (contribution -0.1 p.p., drop by 3.4%).
The average registered number of employees*) in enterprises with 50+ employees in industry increased in May 2018 by 1.6%, y-o-y. Their average gross monthly nominal wage increased in May 2018 by 8.5%, y-o-y, and reached CZK 35 751.
According to the Eurostat news release, working days adjusted industrial production in the EU28 in April 2018 increased by 1.7%, y-o-y. According to the preliminary time schedule, Eurostat will release data for May 2018 on 12 July 2018.
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. The piece of data on the registered number of employees in industry also excludes agency workers, who have contracts of employment within economic activities of services (CZ-NACE 78.2).
Responsible head at the CZSO: Radek Matějka, Director of the Industrial, Construction, and Energy Statistics Department, phone number: (+420) 274 052 894, e-mail: radek.matejka@csu.gov.cz
Contact person: Iveta Danišová, Head of Industrial Statistics Unit, 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 July 2018
Related outputs: time series https://csu.gov.cz/produkty/pru_ts
Next News Release will be published on: 6 August 2018