Industry - October 2015

In October 2015, industrial production increased at constant prices by 3.8%, year-on-year. Working days adjusted industrial production increased by 6.4%. Compared to the previous month, seasonally adjusted industrial production was higher by 1.5%. The value of new orders increased by 6.5%, y-o-y.

In October 2015, industrial production increased at constant prices by 3.8%, y-o-y; working days adjusted industrial production increased by 6.4%. October 2015 had 1 working day less compared to October 2014. Seasonally adjusted industrial production (including working days adjustment) was higher by 1.5%, m-o-m. The following contributed the most to the y-o-y increase of industrial production: manufacture of motor vehicles, trailers and semi-trailers (contribution +3.3 p.p., growth by 19.0%), manufacture of rubber and plastic products (contribution +0.7 p.p., growth by 10.7%), and manufacture of electrical equipment (contribution +0.5 p.p., growth by 7.7%). Industrial production dropped in electricity, gas, steam and air conditioning supply (contribution -1.6 p.p., drop by 12.6%), manufacture of chemicals and chemical products (contribution -0.7 p.p., drop by 21.0%), and printing and reproduction of recorded media (contribution -0.1 p.p., drop by 7.4%).

Sales from industrial activity at current prices increased by 2.0%, y-o-y, in October 2015. Direct export sales of industrial enterprises increased at current prices by 5.5%. Domestic sales, which include also indirect export via non-industrial enterprises decreased by 2.2% at current prices. 

The value of new orders in selected industrial CZ-NACE activities increased by 6.5%, y-o-y, in October 2015. Non-domestic new orders increased by 9.6%, while domestic new orders increased by 1.0%. 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 +8.2 p.p., growth by 22.7%), manufacture of electrical equipment (contribution +0.5 p.p., growth by 5.7%), and manufacture of computer, electronic and optical products (contribution +0.4 p.p., growth by 4.6%). New orders decreased in manufacture of chemicals and chemical products (contribution -1.9 p.p., drop by 28.5%), manufacture of basic metals (contribution -0.6 p.p., drop by 8.9%), and manufacture of other transport equipment (contribution -0.3 p.p., drop by 14.9%).  

The average registered number of employees^*) in industrial enterprises with 50+ employees increased in October 2015 by 3.6%, y-o-y. Their average monthly nominal gross wage increased in October 2015 by 2.5%, y-o-y, and reached CZK 28 337.

According to the Eurostat news release working day adjusted industrial production in the EU28 in September 2015 increased by 1.8%, y-o-y. According to a preliminary time schedule, data for October 2015 will be released by Eurostat on 14 December 2015 at 11:00 a.m.

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 ^*) 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 within activities of services (CZ-NACE 78.2).
In accordance with the CZSO revision policy, when processing of data for October 2015 data for July to September 2015 were revised at the same time.