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Czech industry speeds up growth to 15.4 pct in Feb
18.04.2007
Czech industrial production rose by 15.4 percent in February after a revised 10.7 percent year-on-year increase in January, the Czech Statistical Office (CSU) said today.
It was the largest growth since March 2006 when the Czech industry raised output by 17 percent. The biggest contributors to the February increase were production of electrical and optical devices and transport equipment. On the other hand, production and distribution of electricity, gas and water decreased.
Against the previous month, seasonally adjusted industrial output grew 1.9 percent in February. Sales from industrial production added 16.8 percent in constant prices and 17 percent in current prices in February.
Average staff numbers in the Czech industry went up 2.6 percent, or 29,800 people year-on-year in February. The largest number of new employees was taken on in production of transport equipment, electrical and optical devices and production of rubber and plastic products. Job cuts were recorded in leather processing and mining.
The average nominal monthly wage in industrial companies reached Kc18,709 in February, a year-on-year increase of 6.8 percent. Hourly wage rose by an average 7.3 percent to Kc136.40. Labour productivity in industry grew 13 percent, while hourly productivity was 13.3 percent higher.
New orders signed by industrial companies in February amounted to Kc151.6bn in current prices, of which foreign orders made up Kc102.9bn. The aggregate value of new orders added 14.1 percent on the year and foreign orders grew 18.7 percent.
The CSU revised the preliminary figure on January industrial output growth by 0.9 percentage points upwards from 9.8 percent announced earlier.
The January industrial production index in the 27 European Union countries rose by 3.5 percent on the year, according to data from the EU statistical office Eurostat.
Czech industrial production rose by 15.4 percent in February after a revised 10.7 percent year-on-year increase in January, the Czech Statistical Office (CSU) said today.
It was the largest growth since March 2006 when the Czech industry raised output by 17 percent. The biggest contributors to the February increase were production of electrical and optical devices and transport equipment. On the other hand, production and distribution of electricity, gas and water decreased.
Against the previous month, seasonally adjusted industrial output grew 1.9 percent in February. Sales from industrial production added 16.8 percent in constant prices and 17 percent in current prices in February.
Average staff numbers in the Czech industry went up 2.6 percent, or 29,800 people year-on-year in February. The largest number of new employees was taken on in production of transport equipment, electrical and optical devices and production of rubber and plastic products. Job cuts were recorded in leather processing and mining.
The average nominal monthly wage in industrial companies reached Kc18,709 in February, a year-on-year increase of 6.8 percent. Hourly wage rose by an average 7.3 percent to Kc136.40. Labour productivity in industry grew 13 percent, while hourly productivity was 13.3 percent higher.
New orders signed by industrial companies in February amounted to Kc151.6bn in current prices, of which foreign orders made up Kc102.9bn. The aggregate value of new orders added 14.1 percent on the year and foreign orders grew 18.7 percent.
The CSU revised the preliminary figure on January industrial output growth by 0.9 percentage points upwards from 9.8 percent announced earlier.
The January industrial production index in the 27 European Union countries rose by 3.5 percent on the year, according to data from the EU statistical office Eurostat.
