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Czech Republic
2006: Textile and Clothing Industry
Economic Development
Sales, Employment, Wage Trend and Labour Productivity
1) Sales
Based on 2006 results, the sales in current prices in the
textile and clothing industry (hereinafter called „the
TCI“) have achieved about CZK 54.7 billion, of which
approximately CZK 45 billion in the textile sector and
CZK 9.7 billion in the clothing industry. This corresponds
to the decrease in 3.7 %. in TCI sales in comparison with 2005 results. In this
decline the textile industry has not participated, as it has experienced sales increase
in 0.7 %. In place of this, sales in the clothing industry have fallen by incredible 20.1
%. This relatively great decrease in sales in the clothing industry (compared with
the same period last year) has been distorted by extraordinarily high sales in the 1st
semester of 2005.
2) Employment
In late
2006, the
employment
in
the TCI has
re a c h e d
some 60 thousand jobs level (companies
with a number of staff greater than 20 have
been included only), which represents a
decrease in more than 9.4 % in comparison
with late 2005 data. The number of jobs in
the textile industry has dropped to the limit
of 40 thousand, which means a fall in 7.2 %,
if compared with 2005. In the clothing industry
the number of jobs has dropped to the
limit of 20 thousand employees, and, it corresponds
to a decrease in less than 13.6 %.
3) Wage Trend
An average monthly wage in the whole TCI has
reached approximately CZK 12,800 level, which represents
an increase in 5.4 %, if compared with late
2005. In the textile industry the wage has reached
approximately CZK 13,700, which is by some CZK 2,700 more than in the clothing
industry.
4) Labour Productivity
The productivity measured by the sales volume per
employee (in constant prices) has reached signifi cantly
higher values in the textile industry (approximately
CZK 1,200 per employee per year) than in the clothing
industry (approximately CZK 500 thousand per employee per year). In the textile
sector the productivity has risen some 10.1 %, while in the clothing sector it has
decreased in 7.9 %.
The total foreign trade balance of the TCI sector in 2006 has achieved a surplus amounting to
more than CZK 1.1 billion, which is 1.5 % more than for the same period of 2005.
In 2006, textile article exports according to SKP 2 represented about CZK 52 billion, and, textile
article imports represented about CZK 49 billion.
In 2006, clothing article exports according to SKP 2 represented about CZK 24 billion, and, clothing
article imports represented about CZK 25.9 billion.
Overall Assessment
As per above described, textile sector sales in 2006 have done better, if compared
with initial estimates. By contrast, clothing sector sales have done worse, if compared
with initial estimates. Clothing industry sales index decrease (in -20.1 %) has
been given, in particular, by a high 2005 reference level, where it has not been (up
to now) possible to explain by anything the amount of sales in the 1st semester of
2005.
To 2006 results have decisively mattered the following factors:
- confirmation of stagnation of imports from China, as a result of the Agreement of
Understanding adopted by China and the EU in June 2005 (volume of imports to
the EU has returned to 2004 level)
- remarkable growth of imports from other Asian countries, in particular, India and
Pakistan, which has been, evidently, related to the preceding factor
- both these factors have shown themselves more dramatically in the clothing
sector, and, to a lesser extent in the textile sector. As a result, the textile sector has
retained exporter‘s position (trade surplus), while the clothing sector has recorded
a trade deficit
- Czech companies have gathered a relatively suffi cient number of orders, but the
price pressure caused by China in 2005 (although imports did not take place later
on) has decreased signifi cantly the economic effi ciency of these orders
- important strengthening of the Czech crown against EUR has lowered, in addition,
the economic effi ciency of the sector. This has been partially off set by the
same trend in the exchange rate of the Czech crown against USD
- a signifi cant impact on the sector economy has also had the continuously
growing cost of power energy and gas (in the whole sector it has got a weight
of about 10 % of the total costs). This factor is getting to be a proximate cause
of production limitation and stoppage in the CR. It is necessary to realize that
the only possibility, how the textile and clothing sectors might off set both a fast
rowth and considerable cost items, is to reduce wages (their total amount), as
no other item of the
calculation formula gives the textile and clothing sectors
such a chance
- the above specifi ed factors „have forced“, in particular, the textile sector to carry
out additional and important consolidation of productivity measured by sales per
employee. An associated eff ect accompanying such a development has been,
however, an important reduction in the number of jobs. On the contrary, nor a
signifi cant reduction in the number of jobs in the clothing sector (-13.6 %) has
prevented from the decrease in its productivity (-7.9 %).
Elaborated by: ATOK
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