Czech Republic Industrial production November 2016

Czech Republic

Czech Republic: Industrial production rebounds strongly in November

January 9, 2017

Industrial production in the Czech Republic jumped 7.0% year-on-year in November, which contrasted the 1.7% contraction registered in October. The reading mainly reflected expansions in the manufacturing of motor vehicles, trailers and semi-trailers and of electricity, gas, steam and air conditioning supply. In contrast, manufacturing of basic pharmaceutical products and pharmaceutical preparations as well as mining and quarrying decreased.

A month-on-month comparison showed that industrial output grew 1.7% in seasonally-adjusted terms in November, which contrasted October’s 0.3% decrease. As a consequence of November’s increase, annual average growth in industrial production inched up from 2.8% in October to 2.9% in November.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 3.6% in 2017 which is down 0.1 percentage points from last month’s forecast. For 2018, panelists expect industrial output to expand 4.1%.


Author: Massimo Bassetti , Economist

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Czech Republic Industrial production Chart


Czech Republic Industry November 2016

Note: Year-on-year changes and annual average variation of industrial production index in %
Source: Czech Statistics Office (CSO).


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