Home / Knowledge / News / Textiles / Drop in manufacturing of textile & clothing products
Drop in manufacturing of textile & clothing products
11
Sep '08
In July were more three working days as against last year, which affected the large y-o-y volume of industrial production. The trade balance ended in a surplus for the first time since 1993, by the y-o-y growth of exports and a drop of imports volume.

The August consumer prices level was lower than in July, the y-o-y prices growth decelerated. The registered unemployment rate did not change m-o-m, number of registered job applicants slightly increased in the second holiday month.

In July, the y-o-y volume of industrial production was by 6.7% higher, after working days adjustment by 0.6%. Drop in manufacturing of textiles, textile and clothing products, manufacturing of wood and wooden products had the biggest negative impact. The seasonally adjusted industrial production decreased by 0.8% in comparison to the June level; the trends have been growing up by 0.1%.

In July, sales in industry went up by 7.0% in terms of real comparison y-o-y, direct export sales by 11.0%. Industrial foreign-controlled enterprises increased its sales in industry by 7.9% and direct export sales by 11.5%. Its share in total sales was 58.6% at current prices; in July 2007 it was 59.5%.

An average number of employees in industry increased by 0.6%, (i.e. by 7.6 thousand people), their average monthly wage amounted to CZK 23 140 in July was up nominally by 9.2% on a year ago, really by 2.2%. Labour productivity rose by 6.2%.

In July, the y-o-y value of new orders in selected industrial branches increased by 0.6%, value of foreign orders dropped by 1.0%.

In January to July, as against the same period of the last year volume of industrial production was by 6.0% higher. Sales in industry rose by 5.8% and direct export sales by 8.6% in terms of real comparison. Number of employees in industry increased by 1.6%, an average monthly wage increased nominally by 10.0% and really by 2.7%. Labour productivity rose by 3.6% y-o-y.

External trade:
In July, the y-o-y volume of exports increased by 3.2% and the y-o-y volume of imports lessened by 0.9% (both in current prices). Machines and means of transport had the highest proportion in exports and imports (52.5% and 39.5%, respectively). Since 1993 the trade balance ended in a surplus of CZK 7.2 bn, which was by CZK 8.1 bn higher on a year ago. The trade balance with EU 27 member states was active by CZK 40.1 bn, with non-EU 27 states passive by CZK 32.9 bn.

Improvement in trade of machines, means of transport, semi-finished goods; materials had a positive effect on the trade balance. According to preliminary data, m-o-m seasonally adjusted exports decreased by 0.8%, imports increased by 1.6%. The trend indicates a drop in exports by 0.5% and a growth in imports by 0.1%.

In January to July, volume of exports enlarged by 5.6% and imports by 4.7%; the paces of growth of both were by more than 10.0 p.p. lower on a year ago. The trade balance surplus amounted to CZK 72.8 bn was by CZK 16.3 bn higher than in first seven months 2007.

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search