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.
Czech Republic Industry
Industrial production contracts in August
October 8, 2012
Looking for forecasts related to Industry in Czech Republic? Download a sample report now.
Czech Republic Industry Chart
Note: Year-on-year changes and annual average varation of industrial production index in %.
Source: Czech Statistical Office (CSO).
Czech Republic Economic News
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%.
September 26, 2016
The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from August’s 96.8 points to 97.1 points in September, marking a seven-month high.