Industry - March 2019

In March, working day adjusted industrial production increased at constant prices by 0.1%, year-on-year (y-o-y). Seasonally adjusted industrial production decreased by 0.1%, month-on-month (m-o-m). The value of new orders increased by 6.0%, y-o-y.

Industrial production¹ decreased in March 2019 at constant prices by 0.1%, m-o-m. In the year-on-year comparison it increased by 0.1%. The following economic activities contributed the most to the y-o-y increase in industrial production: manufacture of motor vehicles, trailers and semi-trailers (contribution +0.7 percentage points (p. p.), growth by 3.7%), manufacture of computer, electronic and optical products (contribution +0.5 p. p., growth by 14.5%), and manufacture of machinery and equipment (contribution +0.2 p. p., growth by 2.9%). Industrial production decreased in the following economic activities: electricity, gas, steam and air conditioning supply (contribution −1.6 p. p., drop by 13.8%), repair and installation of machinery and equipment (contribution −0.2 p. p., drop by 7.4%), and manufacture of basic metals (contribution −0.1 p. p., drop by 4.3%). Non-adjusted industrial production was by 0.1% higher, y-o-y (there was the same number of working days in March 2019 and March 2018).

Sales from industrial activity at current prices² increased by 5.4%, y-o-y, in March 2019. Direct export sales of industrial enterprises increased at current prices by 5.1%. Domestic sales, which include also indirect export via non-industrial enterprises increased at current prices by 5.8%.

The value of new orders² in surveyed industrial CZ-NACE activities increased by 6.0%, y-o-y, in March 2019. Non-domestic new orders increased by 2.4%, while domestic new orders increased by 14.3%. The y-o-y increase of new orders in total was the most contributed to by the following CZ-NACE divisions: manufacture of other transport equipment (contribution +1.9 p. p., growth by 12.8%), manufacture of computer, electronic and optical products (contribution +1.5 p. p., growth by 15.6%), and manufacture of motor vehicles, trailers and semi-trailers (contribution +1.1 p. p., growth by 2.7%). New orders decreased only in manufacture of chemicals and chemical products (contribution −0.04 p. p., drop by 0.7%).

The average registered number of employees³ in industry decreased in March 2019 by 0.2%, y-o-y. Their average gross monthly nominal wage increased in March 2019 by 5.2%, y-o-y.

According to the Eurostat news release, working day adjusted industrial production in the EU28 in February 2019 increased by 0.3%, y-o-y. According to a preliminary release calendar, Eurostat will release data for March 2019 on 14 May 2019.

Industry in the Q1 2019

Seasonally adjusted industrial production¹ in the Q1 2019 was lower at constant prices by 1.2% compared to the Q4 2018. In the y-o-y comparison it increased by 0.2%.

Sales from industrial activity at current prices² increased by 3.1%, y-o-y, in the Q1 2019. Direct export sales of industrial enterprises increased at current prices by 3.3%. Domestic sales, which include also indirect export via non-industrial enterprises increased at current prices by 2.7%.

The value of new orders² in selected industrial CZ-NACE activities increased by 3.1%, y-o-y, in the Q1 2019. Non-domestic new orders increased by 2.1%, while domestic new orders increased by 5.6%.

The average registered number of employees³ in industry decreased in the Q1 2019 by 0.2%, y-o-y. Their average gross monthly nominal wage increased in the Q1 2019 by 6.4%, y-o-y.

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Notes:

¹The year-on-year development of industrial production is adjusted for working days unless otherwise stated. Month-on-month or quarter-on-quarter rates are also seasonally adjusted. Contributions to an increase or to a decrease are calculated from data that are adjusted for working days.
²The year-on-year development of sales at current prices and the value of new orders are not adjusted.
³Indicators related to employment in industry apply to the entire population of enterprises the principal (prevailing) activity of which is industry. 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. The piece of data on the registered number of employees in industry also excludes agency workers, who have contracts of employment within economic activities of services (CZ-NACE 78.2).

Responsible head at the CZSO: Radek Matějka, Director of the Industrial, Construction, and Energy Statistics Department, phone number: (+420) 274 052 894, e-mail: radek.matejka@czso.cz
Contact person: Iveta Danišová, Head of Industrial Statistics Unit, phone number (+420) 274 054 191, e-mail: iveta.danisova@czso.cz
Method of data acquisition: direct survey of the CZSO (Prům 1-12)
End of data collection: 30 April 2019
Related outputs: time series https://www.czso.cz/csu/czso/pru_ts
Next News Release will be published on: 6 June 2019

Attachments

⇩ apru050919.docx
Annexes:
⇩ Table 1 Industrial production (year-on-year indices – IPI, calendar days adjusted)
⇩ Table 2 Sales and new orders in industry (year-on-year indices)
⇩ Chart 1 Industrial production (base indices)
⇩ Chart 2 Industrial production (year-on-year indices)
⇩ Chart 3 Industrial production index – international comparison (base indices, seasonally adjusted)