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Production and orders were increasing in October

Production and orders were increasing in October

9.12.2013 9:33
Autor: Redakce, Patria.cz

In October 2013, industrial production increased at constant prices by 3.5%, year-on-year. Working days adjusted industrial production increased by 6.0%. Compared to the previous month, seasonally adjusted industrial production was higher by 1.7%. The value of new orders increased by 9.6%, y-o-y.

In October 2013, industrial production increased at constant prices by 3.5%, y-o-y. Working days adjusted (WDA) industrial production increased by 6.0%. October 2013 had 1 working day less compared to October 2012. Seasonally adjusted industrial production (including WDA) was higher by 1.7%, 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 +1.5 p.p., growth by 9.7%), manufacture of fabricated metal products (contribution +0.8 p.p., growth by 8.6%), and electricity, gas, steam and air conditioning supply (contribution +0.7 p.p., growth by 5.8%). Industrial production decreased the most in manufacture of food products (contribution -0.2 p.p., drop by 4.4%), manufacture of computer, electronic and optical products (contribution -0.1 p.p., drop by 7.1%), and mining and quarrying (contribution -0.1 p.p., drop by 2.6%).

Sales from industrial activity at current prices increased by 2.7%, y-o-y, in October 2013. Direct export sales of industrial enterprises increased at current prices by 6.7%. Domestic sales, which include also indirect export via non-industrial enterprises decreased at current prices by 1.2%.

The value of new orders in selected industrial CZ-NACE activities increased by 9.6%, y-o-y, in October 2013. Non-domestic new orders increased by 13.5%, while domestic new orders increased by 2.9%. 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 +6.6 p.p., growth by 20.0%), manufacture of machinery and equipment (contribution +1.5 p.p., growth by 12.9%), manufacture of fabricated metal products (contribution +1.5 p.p., growth by 11.8%). The value of new orders decreased in manufacture of computer, electronic and optical products (contribution -0.7 p.p., drop by 8.5%), manufacture of basic pharmaceutical products and pharmaceutical preparations (contribution -0.1 p.p., drop by 6.8%) and manufacture of wearing apparel (contribution -0.1 p.p., drop by 7.4%).

The average registered number of employees*) in industrial enterprises with 50+ employees decreased in October 2013 by 0.4%, y-o-y. Their average monthly nominal gross wage increased in October 2013 by 2.6%, y-o-y, and reached CZK 27 346.

According to the Eurostat news release published in September 2013, working day adjusted industrial production in the EU28 increased by 1.2%, y-o-y. According to a preliminary time schedule, data for October 2013 will be released by Eurostat on 12 December 2013 at 11 a.m.

(Source: Czech Statistical Office)


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