Basic Indicators of Short-term Statistics on Industry
Industrial production index (IPI) is a key indicator of industrial short-term statistics used to measure the output of industrial economic activities and of entire industry, adjusted for price effects. In a large part the calculation is based on revenues from sales of own goods and services at constant prices; in certain economic activities (CZ-NACE divisions 05, 06, 19, 35) the production volumes of products-representatives are used. The index is primarily calculated as a monthly fixed base index (average month of 2005 = 100) at the level of two-digit CZ-NACE divisions. Weights derived from the structure of value added in the base year are used for higher-level aggregations (up to sections, main industrial groupings and industry in total). The fixed base indices provide the basis for year-on-year indices and cumulations over time, if any (quarterly, semi-annual, annual cumulations).
In compliance with regulations of Eurostat the industrial production index covers CZ-NACE sections B, C, D (except group 35.3).
Revenues from sales of own industrial goods and services represent only revenues from sales of goods and services classified in CZ-CPA 05-39, i.e. revenues adjusted for secondary non-industrial activities of enterprises. They are measured at current prices of the reference year.
Industrial orders refer to the value of ordered industrial products and industrial work (at contractual prices, excl. excise tax and VAT), which the producer has contractually confirmed by customers, irrespective of the commencement and period of work. Also included is the value of production for a particular customer, even though no written contract has been signed. Order statistics are a part of the short-term business statistics. This implies that all order volumes of industrial goods and services are measured for an enterprise in total, which is classified by its principal economic activity to a given CZ-NACE activity. As a result, orders are not measured and published according to specific industrial goods and services. Order volumes are excluding order volumes of goods for resale without further processing. In accordance with Eurostat methodology, order volumes are measured only in selected CZ-NACE divisions (13, 14, 17, 20, 21, 24, 25, 26, 27, 28, 29, 30) with predominantly customised production, long-term production cycle and full order books. Indicator of new orders received in the reference period is primarily recorded.
Average registered number of employees includes all permanent and temporary employees having a contract of employment with the reporting unit, irrespective of activity they perform.
Average number of persons employed includes employees and other paid or unpaid stuff without contract of employment, for example working proprietors. Contrary to the registered number of employees this indicator fully corresponds to the indicator number of employed as required by EU STS Regulation.
Average monthly wage refers to all income from work (basic wage, personal bonuses and assessment, bonuses and gratuities, profit-sharing bonuses and wage compensation) charged to registered employees according to relevant wage and salary guidelines (gross wage excl. other personnel expenses).
The TRAMO / SEATS method implemented in program DEMETRA is used for
seasonal adjustment. This method belongs to the methods preferred by Eurostat for the purposes of seasonal adjustment of series of economic indicators.
The latest data related to the above-mentioned indicators can be found here:
http://www.czso.cz/eng/redakce.nsf/i/pru_ts