Czech Republic Industry

Czech Republic

Industrial production contracts in August

In August, industrial production declined 3.1% over the same month last year, which contrasted both the 4.2% expansion recorded in July and market expectations that had industrial output rising 0.1%. The deterioration was broad-based, reflecting a notable contraction in electricity gas, steam and air conditioning supply. A month-on-month comparison corroborates the contraction suggested by the annual figures, as industrial production plunged a seasonally adjusted 2.9% over the previous month, which contrasted the 0.9% expansion recorded in July. As a result of the monthly fall, the trend now points downwards after slightly improving in the previous month, with annual average growth falling from 1.9% in July to 1.2% in August, the slowest pace in over two years.

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Czech Republic Industry Chart

Czech Republic Industry August 2012

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

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