Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  November 06, 2012 09:30:10

Czech Republic - a drop in industrial production continued in September, -7.1% y / y


Industrial production in September fell by 7.1% in real terms, adjusted for working days fell by 2.4 %. Compared to the previous month, seasonally adjusted excluding higher by 0.1%. The value of new orders dropped by 5.2%.

Industrial production in September 2012 year on year in real terms fell by 7.1%, adjusted for the number of working days fell by 2.4 %. September 2012 was compared to the same month of the previous year by 2 working days less. Seasonally adjusted (WDA) industrial production increased by 0.1%. The annual decline in industrial production was most contributed to by manufacture of motor vehicles, trailers and semi-trailers (contribution -2.4 percentage points, a decrease of 11.1%), manufacture of fabricated metal products(Contribution -0.7 pp -8.1%) and manufacture of other non-metallic mineral products (contribution -0.6 pp 12.4%). Industrial production increased most significantly in the manufacture of chemicals and chemical products (+0.5 pp contribution, growth of 19.0%), manufacture of coke and refined petroleum products (contribution 0.3 pp growth of 115.8%, an indication is affected by the shutdown of production facilities in the past year) and the manufacture of electrical equipment (by +0.1 pp +2.3%).

Sales from industrial activity at current prices in September 2012 fell by 2.0%. Direct export sales of industrial enterprises at current prices decreased by 5.5%. Domestic revenues, which include indirect export of non-industrial enterprises at current prices increased 1.9%.

The value of new ordersin September 2012 in selected industries fell by 5.2%. Domestic new orders decreased by 4.1%, while domestic new orders decreased by 7.4%. The annual decline in new orders contributed most to the manufacture of motor vehicles, trailers and semi-trailers (contribution -3.6 percentage points, down 10.7%), manufacture of basic metals and fabricated metals (contribution -1.9 pp decrease of 21.4%) and manufacture of computer, electronic and optical products (contribution -1.4 pp, drop by 12.5%). New orders increased in manufacture of electrical equipment (by +1.9 percentage points, an increase of 21.4%), manufacture of chemicals and chemical products (+0.8 pp contribution, growth of 11.7%) and manufacture of other transport equipment (+0.5 pp contribution, growth of 37.9%).

Average number of employees*) in enterprises with 50 or more employees in the industry in September 2012 year decreased by 0.8 %. Nominal average monthly wage in September 2012 decreased by 0.3 % And amounted to 24 946 CZK.

Industrial production, according to data published by Eurostat in August 2012 in the EU27 decreased after adjustment for the number of working days 1.8%. Data for September 2012 Eurostat on 12 11th 2012 at 11:00 am

Industry in the 3rd quarter of 2012

Industrial production in the 3rd quarter of 2012 decreased by 2.3% adjusted for working days decreased by 1.3%. In 3rd quarter of 2012 compared to the same quarter of the previous year by 1 working day less.

Sales from industrial activity at current prices in the 3rd quarter of 2012 grew by 0.9 %. Direct export sales of industrial enterprises at current prices increased by 1.0%. Domestic revenues, which include indirect export of non-industrial enterprises at current prices increased by 0.8%.

New orders in selected sectors in the 3rd quarter of 2012 grew by 2.4 %. Domestic new orders rose by 4.9%, while domestic new orders decreased by 2.4%.

Average number of employees *) in enterprises with 50 or more employees in the industry in the 3rd quarter of 2012 dropped by 0.8%. nominal average monthly wage in the 3rd quarter of 2012 rose by 2.4 % And amounted to 25 709 CZK.

Source: CSO
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