Industrial production increased in January 2018

Published: 19.03.2018 Related countries:  U.S.A. U.S.A.

In January 2018, industrial production increased at constant prices by 5.5%, year-on-year (y-o-y). Seasonally adjusted industrial production decreased by 0.6%, month-on-month (m-o-m). The value of new orders increased by 3.4%, y-o-y.

 

Czech Statistical Office: "In January 2018, seasonally adjusted industrial production decreased at constant prices by 0.6%, m-o-m. Compared to the corresponding month of the previous year, it increased at constant prices by 5.5%. January 2018 and January 2017 had the same number of working days. The following contributed the most to the y-o-y increase of industrial production: manufacture of motor vehicles, trailers and semi-trailers (contribution +1.1 p.p., growth by 5.6%), manufacture of machinery and equipment (contribution +1.0 p.p., growth by 13.9%), and manufacture of electrical equipment (contribution +0.98 p.p., growth by 15.3%). Industrial production decreased in electricity, gas, steam and air conditioning supply (contribution -2.3 p.p., drop by 16.1%) and mining and quarrying (contribution -0.1 p.p., drop by 4.1%).

 

 

 

Sales from industrial activity at current prices increased by 4.8%, y-o-y, in January 2018. Direct export sales of industrial enterprises increased at current prices by 4.5%. Domestic sales, which include also indirect export via non-industrial enterprises increased at current prices by 5.1%. 

 

The value of new orders in selected industrial CZ-NACE activities increased by 3.4%, y-o-y, in January 2018. Non-domestic new orders increased by 3.9%, while domestic new orders increased by 2.2%. The y-o-y increase of new orders in total was the most contributed to by the following CZ-NACE divisions: manufacture of basic metals (contribution +1.1 p.p., growth by 20.9%), manufacture of fabricated metal products (contribution +1.0 p.p., growth by 9.4%), and manufacture of electrical equipment (contribution +0.6 p.p., growth by 6.6%). New orders decreased in manufacture of chemicals and chemical products (contribution -0.6 p.p., drop by 8.3%) and manufacture of motor vehicles, trailers and semi-trailers (contribution -0.4 p.p., drop by 1.0%)."

 

 

 

Published by the team of CzechTrade foreign office in Chicago.

 

Source : https://www.czso.cz/csu/czso/ari/industry-january-2018