Industry and construction grew in South Moravia last year, but slower than in 2022

Industry and construction grew in South Moravia last year compared to 2022, but their growth slowed down. Sales of industrial enterprises with 100 or more employees grew 5.9 percent last year to CZK 296.2 billion, while in 2022 the region's industry grew 9.9 percent. The volume of construction work quantified by firms with 50 or more employees increased by 6.2 per cent year-on-year last year to C28.6 billion, while in 2022 the construction industry showed a growth of 15.9 per cent. This is according to data published by the Brno office of the Czech Statistical Office. The average wage in both sectors grew, while the number of employees increased slightly.

In 2023, 257 large industrial enterprises with 100 or more employees were located in the South Moravian Region, employing 72,600 people. This represents a year-on-year increase of 0.4 per cent and the second highest growth in the Czech Republic after the Pilsen Region. The number of people employed in industry increased last year in the Hradec Králové Region, while in all other regions the number of people employed in industry decreased. The average wage in industrial enterprises rose by 8.7 percent year-on-year to CZK 44,468, the fifth highest among the regions.

Industrial enterprises in the region earned CZK 296.2 billion for products and services of an industrial nature, an increase of CZK 16.5 billion and 5.9 per cent year-on-year. Revenues grew in 11 of the 14 regions, with Prague recording the highest increase in industrial sales, by more than half. The value of sales was the sixth highest in South Moravia, with the Central Bohemia Region taking the top spot with sales of CZK 1,034.4 billion.

There were 74 construction companies with 50 or more employees in South Moravia last year, employing 9,300 people, an increase of 0.8 percent year-on-year. The number of employees in the construction industry increased in only four regions last year, with the number of employees in South Moravia being the second highest after Prague.

The average wage in the construction sector rose by 5.8 percent year-on-year to CZK 46,312, the sixth highest among the other regions, with the highest average wage for construction workers in Prague at CZK 57,237.

The volume of basic construction production of medium and large enterprises in South Moravia reached CZK 28.6 billion and was the second highest, with Prague holding the first place with a volume of CZK 103.4 billion and a share of 43 percent in the total construction production in the Czech Republic. The value of construction work increased in all regions except South Bohemia.

Source: CSU and CTK