Czech Republic Industry

Czech Republic

Industrial production rebounds in July

In July, industrial production increased 2.1% over the same month last year, which contrasts the 4.9% decline observed in June. The reading marks the strongest expansion in nine months and reflects a substantial improvement in manufacturing production.

A month-on-month comparison confirms the improvement suggested by July's annual data, as industrial production rose a seasonally-adjusted 0.4% in July, which contrasts the 0.7% fall observed in the June.

Nevertheless, the trend continues to point downwards, with the annual average variation in industrial production falling from minus 3.1% in June to minus 3.4% in July.

FocusEconomics Consensus Forecast panelists expect industrial output to contract 0.3% in 2013, which is down 0.3 percentage points from last month's forecast. For 2014, panelists expect industrial output to rebound and expand 3.4%.

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Czech Republic Industry Chart

Czech Republic Industry July 2013

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

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