Revenues of automakers and car part suppliers in the Czech Republic crossed trillion crown mark for the first time to set a record Kč 1.02 trillion, according to the Automobile Industry Association (SAP). Revenues were up 12 percent on the year.
SAP members account for 24.4 percent of total industrial production revenues in the Czech Republic, up 2.4 percentage points from the previous year.
Some 85 percent of the auto industry's output goes abroad, and Czech carmakers were responsible for 21.7 percent of all Czech exports.
Over the past year, the number of employees rose by 4 percent to reach 117,000. Suppliers employed 76,649 people or 65 percent of all automotive workers.
Auto industry workers earn above-average wages, at Kč 34,820. The average salary in the country is Kč 28,842.
Only 3 percent of Czech employees work in the automotive industry, but they generate 9 percent of the country's GDP.
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28th May 2018