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

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

S Korean fashion brands expand overseas amid slump at home

Fashion | On 17th Oct 2017

S Korean fashion brands expand overseas amid slump at home

South Korean fashion firms are keen on tapping into overseas markets...

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


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