Industry - February 2012

In February 2012, industrial production increased at constant prices by 4.7%, year-on-year. Compared to the previous month seasonally adjusted industrial production decreased by 0.1%. The value of new orders increased by 10.5%, y-o-y.

In February 2012, industrial production increased at constant prices by 4.7%, y-o-y; working days adjusted industrial production increased by 0.3%. February 2012 had 1 working day more than February 2011. Seasonally adjusted industrial production (including working days adjustment) was lower by 0.1%, 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 +3.1 percentage points, growth by 15.4%), electricity, gas, steam and air conditioning supply (contribution 0.9 p.p., growth by 7.8%), and manufacture of electrical equipment (contribution +0.7 p.p., growth by 12.0%). Industrial production decreased the most in manufacture of computer, electronic and optical products (contribution -0.3 p.p., drop by 10.7%), manufacture of other transport equipment (contribution -0.2 p.p., drop by 10.6%), and manufacture of rubber and plastic products (contribution -0.2 p.p., drop by 2.6%).

Sales from industrial activity at current prices increased by 9.4%, y-o-y. Direct export sales of industrial enterprises increased at current prices by 11.2%. Domestic sales, which include also indirect, export via non-industrial enterprises increased at current prices by 7.5%.

The value of new orders in selected industrial CZ-NACE activities increased by 10.5%, y-o-y. Non-domestic new orders grew by 15.1%, while domestic new orders increased only by 1.9%. 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 +8.8 p.p., growth by 28.0%), manufacture of machinery and equipment (contribution +1.4 p.p., growth by 12.0%), and manufacture of electrical equipment (contribution by +1.2 p.p., growth by 13.5%). The value of new orders decreased in manufacture of other transport equipment (contribution -1.0 p.p., drop by 36.7%), manufacture of computer, electronic and optical products (contribution -0.6 p.p., drop by 5.8%), and manufacture of basic metals (contribution -0.4 p.p., drop by 4.2%).

The average registered number of employees ¹ ⁾ in industrial enterprises with 50+ employees increased in February 2012 by 0.4%, y-o-y. Their average monthly nominal wage increased in February 2012 by 5.7%, y-o-y, and reached CZK 24 790.

According to the Eurostat news release published in January 2012, working day adjusted industrial production in the EU27 decreased by 1.0%, y-o-y. Data for February 2012 will be released by Eurostat on 12 April 2012 at 11:00 a.m.
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¹⁾ 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.

Notes:
In accordance with the revision policy of the CZSO, together with the processing of data for February 2012 the data for January 2012 have been revised.
Responsible head at the CZSO: Radek Matějka, Director of the Industrial, Construction and Energy Statistics Department, phone: (+420) 274 052 894,
e-m ail: radek.matejka@czso.cz
Contact person: Jan Ernest, phone (+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: 3 April 2012
Related outputs: time series /csu/czso/pru_ts
Next News Release will be published on: 10 May 2012

Attachments

⇩ apru040612.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)