In January, industrial production expanded 16.9% over the same month last year, which represented an acceleration compared to the 12.0% increase observed in December. The strong reading defied even upbeat market expectations, which had seen industrial output expanding 13.0%. The acceleration in January reflected a faster expansion in manufacturing (December: +13.4% year-on-year; January: +21.8% yoy) and in mining and quarrying (December: +5.0% yoy; January: +5.9% yoy). In contrast, public utilities contracted over December. A month-on-month comparison, confirms the acceleration suggested by the annual data, as industrial production swung from a seasonally-adjusted 0.57% contraction in December to a 3.45% increase in January. Moreover, the trend continues to point to a strong recovery in the industrial sector, with annual average growth in industrial production rising from 10.0% in December to 10.9% in January.
Czech Republic Industry
Industrial production continues to strengthen in January
March 11, 2011
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Czech Republic Economic News
October 24, 2016
The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from September’s 97.1 points to 97.5 points in October, marking a nine-month high.
October 10, 2016
In September, consumer prices fell 0.2% from the previous month, matching August’s reading.
October 7, 2016
Industrial production grew 13.1% year-on-year in August, which sharply contrasted the 14.1% fall registered in July and was the best result since May 2011.
October 3, 2016
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit rose from August’s 50.1 to a four-month high of 52.0 in September.
September 29, 2016
At its meeting on 29 September, the Czech National Bank (CNB) decided to leave the two-week repo rate unchanged at its so-called “technical zero” of 0.05%.