Industry - March 2010
Growth of industrial production and orders continued
07.05.2010
Code: r-8001-10
In March 2010 seasonally adjusted industrial production increased by 0.7% compared with February 2010. Industrial production grew by 10.2% compared with March 2009. The value of new orders grew by 15.8%, y-o-y.
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In March 2010 industrial production increased by 10.2% year-on-year, working day adjusted industrial production increased by 8.0%. March 2010 was by 1 working day longer than March 2009. Seasonally adjusted (SA) and working days adjusted (WDA) industrial production increased by 0.7% month-on-month. The y-o-y growth of industrial production was most contributed to by manufacture of motor vehicles, trailers and semi-trailers (contribution +3.9 p.p., growth by 24.8%), manufacture of fabricated metal products (contribution +1.3 p.p., growth by 15.9%) and manufacture of rubber and plastic products (contribution +1.2 p.p., growth by 19.3%). The highest drop of industrial production was recorded in manufacture of other non-metallic mineral products (contribution -0.4 p.p., drop by 8.6%), manufacture of other transport equipment (contribution -0.2 p.p., drop by 11.2%) and manufacture of furniture (contribution -0.1 p.p., drop by 9.7%).
Revenues from industrial activity at current prices increased by 5.0% year-on-year. Direct export revenues of industrial enterprises at current prices increased by 9.9%. Their share in total revenues of industrial enterprises made up 49.2%.
The value of new orders in selected industrial CZ-NACE activities increased by 15.8% y-o-y (non-domestic new orders grew by 16.5%). The largest y-o-y increases of new orders in total were recorded in the following CZ-NACE divisions: manufacture of fabricated metal products (contribution +4.2 p.p., growth by 33.3%), manufacture of motor vehicles, trailers and semi-trailers (contribution +3.5 p.p., growth by 11.3%) and manufacture of basic metals (contribution +3.1 p.p., growth by 49.3%).
The average registered number of employees in industrial enterprises with 50 or more employees decreased by 8.6% compared with March 2009. Their average monthly nominal wage rose by 7.4% in March 2010 compared to March 2009 and reached CZK 24 972.
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According to the Eurostat news release, WDA industrial production in the EU 27 increased by 3.5% in February 2010, compared to February 2009. The data for March 2010 will be released by Eurostat on 12 May 2010 at 11 a.m.
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Industry in the first quarter of 2010
In Q1 2010 industrial production increased by 7.5% y-o-y. The y-o-y growth of industrial production was most contributed to by manufacture of motor vehicles, trailers and semi-trailers (contribution +5.0 p.p., growth by 35.8%), manufacture of rubber and plastic products (contribution +1.1 p.p., growth by 17.1%) and manufacture of basic metals (contribution +1.0 p.p., growth by 25.0%). The deepest decline of industrial production was in manufacture of other non-metallic mineral products (contribution –0.6 p.p., drop by 14.3%), manufacture of furniture (contribution –0.2 p.p., drop by 17.7%) and manufacture of beverages (contribution –0.1 p.p., drop by 6.4%).
Revenues from industrial activity at current prices increased by 2.5% y-o-y in Q1 2010. Direct export revenues of industrial enterprises at current prices increased by 8.2% y-o-y in Q1 2010.
The average registered number of employees in industrial enterprises with 50 or more employees decreased by 11.0% y-o-y in Q1 2010. Their average monthly nominal wage rose by 5.8% y-o-y in Q1 2010 and reached CZK 23 788.
New orders in selected industrial CZ-NACE activities increased by 9.6% y-o-y in Q1 2010. Non-domestic new orders in selected industrial CZ-NACE activities increased by 11.3% y-o-y in Q1 2010.
Notes:
Contacts:
Radek Matějka, phone: (+420) 274052894, e-mail: radek.matejka@czso.cz
Data source: CZSO surveys
End of data collection: 3 May 2010
End of data processing: 5 May 2010
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Published: 07.05.2010
The data are valid as of the release date of the publication.
Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz