Industry - September 2011

Domestic demand slows down growth of industrial production

07.11.2011
Code: r-8001-11
 




In September 2011, industrial production increased at constant prices by 2.5%, year-on-year. Compared to the previous month seasonally adjusted industrial production increased by 0.1%. The value of new orders increased by 2.6%, y-o-y.


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In September 2011, industrial production increased at constant prices by 2.5%, y-o-y. Seasonally adjusted industrial production increased by 0.1%, month-on-month. The following contributed the most to the y-o-y growth of industrial production: manufacture of motor vehicles, trailers and semi-trailers (contribution +4.0 percentage point, growth by 22.1%), manufacture of rubber and plastic products (contribution +0.5 p.p., growth by 8.1%), and manufacture of other transport equipment (contribution +0.4 p.p., growth by 33.4%). The deepest decline of industrial production was recorded in manufacture of computer, electronic and optical products (contribution -0.7 p.p., drop by 17.8%), electricity, gas, steam and air conditioning supply (contribution -0.6 p.p., decrease by 8.2%), and manufacture of chemicals and chemical products (contribution -0.4 p.p., drop by 12.7%).

Revenues from industrial activity at current prices increased by 0.9%, y-o-y. Direct export revenues of industrial enterprises increased at current prices by 13.4%. Domestic revenues, which include also indirect export via non-industrial enterprises decreased at current prices by 9.9%.

The value of new orders in selected industrial CZ-NACE activities increased by 2.6%, y-o-y. Non-domestic new orders grew by 12.7%, while domestic new orders decreased by 12.4%. 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 +3.9 p.p., growth by 12.9%), manufacture of basic metals (contribution +1.1 p.p., growth by 14.4%), and manufacture of machinery and equipment (contribution +1.1 p.p., growth by 9.6%). The value of new orders decreased in manufacture of electrical equipment (contribution -2.0 p.p., drop by 18.1%), manufacture of computer, electronic and optical products (contribution -2.0 p.p., drop by 14.9%), and manufacture of chemicals and chemical products (contribution -0.1 p.p., drop by 1.5%).

The average registered number of employees * ) in industrial enterprises with 50+ employees increased in September 2011 by 2.5%, y-o-y. Their average monthly nominal wage increased in September 2011 by 3.9%, y-o-y, and reached CZK 25 014.

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Industry in the third quarter of 2011

In Q3 2011 industrial production increased at constant prices by 4.2% compared to Q3 2010. The y-o-y growth in industrial production was most contributed to by manufacture of motor vehicles, trailers and semi-trailers (contribution +3.5 p.p., growth by 21.4%), manufacture of machinery and equipment (contribution +0.5 p.p., growth by 6.3%), and manufacture of rubber and plastic products (contribution +0.4 p.p., growth by 6.2%). Industrial production dropped most in manufacture of computer, electronic and optical products (contribution -0.5 p.p., drop by 12.1%), electricity, gas, steam and air conditioning supply (contribution -0.4 p.p., drop by 4.5%), and manufacture of food products (contribution by -0.2 p.p., drop by 5.0%).

Revenues from industrial activity at current prices increased by 3.9%, y-o-y, in Q3 2011. Direct export revenues of industrial enterprises at current prices increased by 14.8%, y-o-y. Domestic revenues, which include also indirect export via non-industrial enterprises at current prices decreased by 5.2%, y-o-y, in Q3 2011.

The average registered number of employees * ) in industrial enterprises with 50+ employees increased by 2.9%, y-o-y, in Q3 2011. Their average monthly nominal wage increased by 3.5%, y-o-y, and reached CZK 25 132 in Q3 2011.

New orders in selected industrial CZ-NACE activities increased by 0.2%, y-o-y, in Q3 2011. Non-domestic new orders increased by 8.1%, while domestic new orders dropped by 12.1% in Q3 2011.

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According to the Eurostat news release published in August 2011, working day adjusted industrial production in the EU27 increased by 4.3%, y-o-y. Data for September 2011 will be released by Eurostat on 14 November 2011 at 11:00 a.m.



Methodological note:
Responsible head: Radek Matějka, phone: (+420) 274052 894, e-mail: radek.matejka@czso.cz
Contact person: Jan Ernest, phone (+420) 274054188, e-mail: jan.ernest@czso.cz
Method of data acquisition: direct survey of the CZSO (“Prům 1-12”)
End of data collection: 1 November 2011
Specific methodological 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, however, not within the industry.
Related publications: time series /csu/czso/pru_ts
The next News Release will be published on 7 December 2011



  • apru110711.doc

  • Annexes:
  • Table 1 Industrial production (year-on-year indices - IPI)
  • Table 2 Sales and new orders in industry
  • Graph 1 Industrial production (changes on base year)
  • Graph 2 Industrial production (year-on-year changes)
  • Graph 3 Industry production index, seasonally adjusted (Average of 2005 = 100)
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Published: 07.11.2011
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