Industry - May 2014

Production growth decelerated

07.07.2014
Code: 150153-14
 




In May 2014, industrial production increased at constant prices by 2.5%, year-on-year. Working days adjusted industrial production increased by 5.0%. Compared to the previous month, seasonally adjusted industrial production was lower by 1.5%. The value of new orders increased by 8.7%, y-o-y.

In May 2014, industrial production increased at constant prices by 2.5%, y-o-y. Working days adjusted industrial production increased by 5.0%. May 2014 had 1 working day less than May 2013. Seasonally (as well as working days) adjusted industrial production was lower 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 +1.9 p.p., growth by 11.9%), manufacture of rubber and plastic products (contribution +0.7 p.p., growth by 10.9%), and manufacture of fabricated metal products (contribution +0.3 p.p., growth by 3.9%). Industrial production decreased in electricity, gas, steam and air conditioning supply (contribution -0.7 p.p., drop by 5.4%), mining and quarrying (contribution -0.2 p.p., drop by 6.4%), and manufacture of food products (contribution -0.1 p.p., drop by 2.9%).

Sales from industrial activity at current prices increased by 6.0%, y-o-y, in May 2014. Direct export sales of industrial enterprises increased at current prices by 10.7%. Domestic sales, which include also indirect export via non-industrial enterprises increased at current prices by 1.1%.

The value of new orders in selected industrial CZ-NACE activities increased by 8.7%, y-o-y, in May 2014. Non-domestic new orders increased by 14.5%, while domestic new orders decreased by 1.4%. 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 +5.5 p.p., growth by 17.2%), manufacture of computer, electronic and optical products (contribution +1.5 p.p., growth by 18.1%), and manufacture of fabricated metal products (contribution +1.0 p.p., growth by 8.1%). New orders decreased in manufacture of machinery and equipment (contribution -0.7 p.p., drop by 5.4%), manufacturing of basic pharmaceutical products and pharmaceutical preparations (contribution -0.2 p.p., drop by 16.4%), and manufacture of wearing apparel (contribution -0.1 p.p., drop by 9.5%).

The average registered number of employees *) in industrial enterprises with 50+ employees increased in May 2014 by 1.6%, y-o-y. Their average monthly nominal gross wage increased in May 2014 by 1.5%, y-o-y, and reached CZK 28 872.

According to the Eurostat news release working day adjusted industrial production in the EU28 in April 2014 increased by 2.1%, y-o-y. According to a preliminary time schedule, data for May 2014 will be released by Eurostat on 14 July 2014 at 11 a.m.


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. 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) .
Responsible head at the CZSO: Radek Matějka, phone number: (+420) 274 052 894, e-mail: radek.matejka@czso.cz
Contact person: Jan Ernest, phone number (+420) 274 054 188, e-mail: jan.ernest@czso.cz
Method of data acquisition: direct survey of the CZSO (Prům 1-12)
End of data collection: 1 July 2014
Related outputs: time series /csu/czso/pru_ts
Next News Release will be published on: 6 August 2014



  • apru070714.docx

  • Annexes:
  • Table 1 Industrial production (year-on-year indices)
  • Table 2 Sales and new orders in industry (year-on-year indices)
  • Graph 1 Industrial production (changes on base year)
  • Graph 2 Industrial production (year-on-year changes)
  • Graph 3 Industrial production index – international comparison
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Published: 07.07.2014
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