In February, industrial production expanded 6.7% over the same month last year. The reading came in above the revised 5.7% increase observed in January (previously reported: +5.5% year-on-year) and overshot the 6.5% expansion the market had expected. February's result reflected stronger growth in manufacturing output and an improvement in mining and quarrying as well as in electricity and gas supply. A month-on-month comparison confirms the improvement suggested by the annual data. Industrial production expanded a seasonally-adjusted 1.7% in February, which contrasts the 0.4% decrease registered in January. As a result of February's improvement, the trend continued to point upward. Annual average growth in industrial production rose from 1.4% in January to 2.5% in February, which marked the highest level since May 2012. FocusEconomics Consensus Forecast panelists expect industrial output to expand 4.1% in 2014, which is down 0.1 percentage points from last month's forecast. For 2015, panelists expect industrial output to expand 4.5%.
Czech Republic Industry
Industrial production improves in February
April 7, 2014
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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 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%.