Industry - November 2004
High growth of both industrial production and new orders continued
Publication Date: 11. 01. 2005
Product Code: r-8001-04
Industrial production in November 2004 was by 0.1% up month-on-month (seasonally adjusted).
The year-on-year industrial production index reached 110.9% or 106.2% (working days adjusted, WDA; there were two more working days in November 2004 compared to November 2003). Sales in industry at constant prices (the year 2000) were higher by 13.5% or 8.4% (WDA). The industry thus returned to its double-digit growth after three months.
The industrial production increased most in the following CZ-NACE activities:
- ‘manufacture of basic metals and fabricated metal products’ (tubes, pipes and hollow profiles of iron; equipment for scaffolding, shuttering, propping)
- ‘manufacture of transport equipment’ (parts and accessories for motor vehicles, chassis for trailers, semi-trailers and other vehicles)
- ‘manufacture of rubber and plastic products’ (plastic shutters; vulcanised rubber articles for technical uses)
Decreases in the industrial production were recorded for:
- ‘mining and quarrying of energy producing materials’ (lignite/brown coal; services incidental to oil and gas extraction (excl. surveying))
- ‘manufacture of leather and leather products’ (tanning and dressing of leather, sports footwear with outer soles and uppers of rubber or plastic excluding ski-boots)
The industrial production grew in all the main industrial groupings, rising most in ‘capital goods’ (+21.8%) and ‘intermediate goods’ (+9.4%).
The high growth of ‘manufacture of electrical and optical equipment’ (+35.1%), ‘manufacture of chemicals, chemical products and man-made fibres’ (+19.8%),‘manufacturing n.e.c.’ (+17.8%) and ‘manufacture of transport equipment’ (+15.0%) contributed to the increase of total sales in industry.
Direct export sales of industrial enterprises rose by 20.8% at constant prices (+23.1% at current prices), and their share in total sales of industrial enterprises stood at 49.5% (current prices). The highest constant price increases in the direct export sales were recorded for ‘manufacture of electrical and optical equipment’ (+38.4%), ‘manufacture of chemicals, chemical products and man-made fibres’ (+38.0%) and ‘manufacture of machinery and equipment’ (+27.7%). Direct export sales dropped most in ‘electricity, gas and water supply’ (-55.5%),‘mining and quarrying of energy producing materials’ (-16.9%), ‘manufacture of coke, refined petroleum products’ (-7.3%).
Industrial foreign-controlled enterprises raised their sales by 19.1% at constant prices (+21.3% at current prices), and their share in total sales stood at 52.8% (current prices). Direct export sales of these enterprises increased by 23.1% at constant prices (+23.8% at current prices) and accounted for 73.2% of their total sales.
The average number of employees in the industry dropped by 0.2% (-2.7 thousand persons) y-o-y. The employment fell most in ‘manufacture of leather and leather products’, ‘manufacture of textiles and textile products’ and ‘mining and quarrying of energy producing materials’ and increased in ‘manufacture of transport equipment’, ‘manufacture of rubber and plastic products’ and ‘manufacture of electrical and optical equipment’.
Average monthly nominal wage amounted to CZK 20 428, rising by 8.5% year-on-year. The higher wage growth was affected, among other things, by the payment of annual bonuses in some enterprises. Unit wage costs were 4.7% down. Average hourly wage increased by 0.6% and stood at CZK 138.00. Labour productivity (sales per employee) was 13.8% up and productivity per hour grew by 5.4%.
New orders in industrial enterprises of selected CZ-NACE activities were worth CZK 119.8 billion (current prices), of which non-domestic orders accounted for CZK 77.2 billion. The year-on-year index of new orders in total was 120.9%, of which the one of new non-domestic orders was 124.0%. The highest volumes of new non-domestic orders were signed in ‘manufacture of basic metals’ (index 175.9%), ‘manufacture of office machinery and computers‘ (index 169.3%) and ‘manufacture of medical, precision and optical instruments, watches and clocks’ (index 157.9%). The volume of new non-domestic orders decreased in ‘manufacture of other transport equipment’ (index 85.6%) and ‘manufacturing of other transport equipment’ (index 91.9%).
Note
Contact: Josef Vlášek, phone (+420) 274052192, e-mail josef.vlasek@csu.gov.cz
Data source: CZSO direct survey in enterprises
End of data collection: 5 January 2005
End of data processing: 6 January 2005
Related publications: 8001-04 Industry of the Czech Republic
Table 1 – Definitive data for January to November 2004 will be released in June 2005.
Tables 2, 3, and 4 – Data for the individual months of 2004 will be revised in each subsequent processing; definitive data will be available in June 2005.