Industry - October 2011

In October 2011, industrial production increased at constant prices by 1.7%, year-on-year. Compared to the previous month seasonally adjusted industrial production increased by 0.1%. The value of new orders increased by 2.1%, y-o-y.

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In October 2011, industrial production increased at constant prices by 1.7%, 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 +3.0 percentage point, growth by 16.6%), manufacture of fabricated metal products (contribution +0.3 p.p., growth by 3.0%), and manufacture of electrical equipment (contribution +0.2 p.p., growth by 3.4%). The deepest decline of industrial production was recorded in manufacture of computer, electronic and optical products (contribution -0.7 p.p., drop by 17.2%), manufacture of food products (contribution -0.3 p.p., drop by 6.7%), and manufacture of chemicals and chemical products (contribution -0.3 p.p., drop by 9.0%).

Revenues from industrial activity at current prices increased by 2.6%, y-o-y. Direct export revenues of industrial enterprises increased at current prices by 13.1%. Domestic revenues, which include also indirect export via non-industrial enterprises decreased at current prices by 6.4%.

The value of new orders in selected industrial CZ-NACE activities increased by 2.1%, y-o-y. Non-domestic new orders grew by 8.4%, while domestic new orders decreased by 7.8%. The y-o-y growth of new orders in total was the most contributed to by the following CZ-NACE divisions: manufacture of chemicals and chemical products (contribution +0.8 p.p., growth by 13.2%), manufacture of basic metals (contribution +0.6 p.p., growth by 7.7%), manufacture of electrical equipment (contribution +0.5 p.p., increase by 5.9%). The value of new orders decreased in manufacture of computer, electronic and optical products (contribution -0.7 p.p., drop by 5.7%), manufacture of basic pharmaceutical products and pharmaceutical preparations (contribution -0.3 p.p., drop by 16.4%), and manufacture of motor vehicles, trailers and semi-trailers (contribution -0.05 p.p., drop by 0.1%).

The average registered number of employees * ⁾ in industrial enterprises with 50+ employees increased in October 2011 by 1.9%, y-o-y. Their average monthly nominal wage increased in October 2011 by 3.1%, y-o-y, and reached CZK 25 561.

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According to the Eurostat news release published in September 2011, working day adjusted industrial production in the EU27 increased by 2.2%, y-o-y. Data for October 2011 will be released by Eurostat on 14 December 2011 at 11:00 a.m.

Methodological note:
Responsible head: Radek Matějka, phone: (+420) 2740 52894, 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 December 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 6 January 2012

Attachments

⇩ apru120711.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)