In August, industrial production expanded 5.9% over the same month last year, which was faster than the 4.4% increase observed in July, but undershot market expectations of a 7.5% rise. The August improvement was mainly the result of an acceleration in mining and quarrying (July: +3.9% year-on-year; August: +11.8% yoy) and a rebound in electricity, gas, steam and air conditioning supply (July: -9.5% yoy; August: +5.2% yoy). However, a month-on-month comparison does not confirm the improvement suggested by the annual figures, as industrial production contracted 0.58% in seasonally adjusted terms, which contrasted a 0.01% increase registered in July. The trend continues to point downwards, with annual average growth in industrial output declining from 10.8% in July to 10.2% in August.
Czech Republic Industry
Industrial production improves in August
October 7, 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%.