Industry - June 2022

Industry stagnated, month-on-month, in June

08.08.2022
Code: 150153-22
 

Industrial production increased in real terms by 1.7%, year-on-year (y-o-y), in June. In the month-on-month (m-o-m) comparison, it was by 0.5% higher. The value of new orders increased by 15.5%, y-o-y.


“Even despite improvement of the situation with supply of components for cars, industrial production stagnated, month-on-month, in June. It is because in many economic activities (industries) the increase that we were observing during previous months stopped,” Radek Matějka, Director of the Agricultural and Forestry, Industrial, Construction, and Energy Statistics Department, says.   

Industrial production in June 2022 was in real terms by 0.5% higher, m-o-m. In the year-on-year comparison, it increased by 1.7%. “While last year in June enterprises faced the beginning of chip crisis, this June the situation with supplies of chips and cable harnesses improved and, especially car manufacturers, were catching up on the production slowdown from the previous months,” Veronika Doležalová, Head of Industrial Statistics Unit, adds. However, even this recovery was unable to overweight in a considerable way the slowdown of some economic activities (industries) of manufacturing. A rather considerable year-on-year decrease in production was reported by the following: manufacture of wood and of products of wood – especially production of veneers and wood-based panels and also manufacture of basic metals, in which an influence of high energy intensity of this industry and price growth started to be reflected.      

The value of new orders at current prices in surveyed industrial CZ-NACE activities increased by 15.5%, y-o-y, in June 2022. Non-domestic new orders increased by 14.9%, y-o-y. Domestic new orders increased by 16.7%. The value of new orders in industrial enterprises increased in all surveyed industrial CZ-NACE activities compared to the previous year. The value of non-domestic new orders only decreased, year-on-year, in three of the surveyed industrial CZ-NACE activities as follows: in manufacture of computer, electronic and optical products, manufacture of machinery and equipment, and manufacture of basic metals. Manufacture of motor vehicles also considerably contributed to the growth, even in the case of orders, in which the value of new orders increased by a fifth, year-on-year.     

The average registered number of employees in industry increased by 0.1%, y-o-y, in June 2022. The average gross monthly nominal wage of those employees increased by 8.1%, y-o-y, in June 2022.

According to data released by Eurostat, industrial production in the EU27 increased by 2.7%, year-on-year, in May 2022. The biggest year-on-year increase was recorded by Bulgaria (by 20.2%) and Denmark (by 17.2%). Czech industry increased by 3.3%. On the other hand, the biggest decrease occurred in Maltese industry (by 4.8%) and in the industry of Luxembourg (by 2.1%). Performance of German industry decreased by 1.4%.

For more detailed information on the development of industrial production in the first half-year of 2022 see the Supplementary information to the News Release on Industry.

 

Notes:
June 2022 had the same number of working days as June 2021.
The year-on-year development of all indicators is published after having been adjusted for the influence of the number of working days. Month-on-month or quarter-on-quarter rates have also been seasonally adjusted. Contributions to an increase or to a decrease are calculated from data that had been adjusted for working days.
Methodology: https://www.czso.cz/csu/czso/pru_m

Responsible head at the CZSO: Radek Matějka, Director of the Agricultural and Forestry, Industrial, Construction, and Energy Statistics Department, phone number: (+420) 736 168 543, e-mail: radek.matejka@czso.cz
Contact person: Veronika Doležalová, Head of Industrial Statistics Unit, phone number (+420) 734 352 291, e-mail: veronika.dolezalova@czso.cz
Method of data acquisition: direct survey of the CZSO (Prům 1–12)
End of data collection: 1 August 2022
Related outputs: time series in the Public database, the Industry chapter 
international comparison in EU countries: Eurostat
Next News Release will be published on: 6 September 2022

 

  •      apru080822.docx
  • Annexes:
  • Supplementary information to the News Release on Industry
  • Table 1 Industrial production (year-on-year indices)
  • Table 2 New orders in industry (year-on-year indices)
  • Chart 1 Industrial production index (base indices)
  • Chart 2 Industrial production index (year-on-year indices)
  • Chart 3 Industrial production index – international comparison (base indices)
  • Chart 4 Industrial production index – contributions of economic activities to the y-o-y change
  • Chart 5 New orders in industry – contributions of economic activities to the y-o-y change
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Published: 08.08.2022
The data are valid as of the release date of the publication.


Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz