Czech Republic Industry

Czech Republic

Industrial production declines more than expected

In November, industrial production contracted 3.9% over the same month the previous year, which contrasted the 4.1% increased observed in October and exceeded market expectations of a 1.3% decline. The monthly deterioration was broad-based, reflecting sharp contractions in all three main sub-categories of the index.

A month-on-month comparison confirms the deterioration suggested by the annual figures, as industrial production dropped a seasonally adjusted 0.8% over the previous month, which followed the 0.7% decline recorded in October.

As a result of the monthly fall, the trend continues to point downwards, with annual average growth falling from 0.8% in October to 0.2% in November, the slowest pace since May 2010.

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Czech Republic Industry Chart

Czech Republic Industry November 2013

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

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