In July, industrial production expanded 4.4% over same month last year, which marked a notable deceleration compared to the 7.9% expansion observed in June. The reading represented the slowest pace in 19 months and fell short of market expectations of a 5.0% rise. The July slowdown reflected notable decelerations in mining and quarrying as well as manufacturing. In contrast, electricity, gas, steam and air conditioning supply contracted 9.5% (June: +0.9% year-on-year). However, a month-on-month comparison does not confirm the deceleration suggested by the annual data, as industrial output expanded 0.11% in seasonally adjusted terms, which contrasted a 1.41% contraction registered in June. As a result of the weak expansion in July, the trend confirms that conditions in the industrial sector remains sluggish, with annual average growth in industrial production edging down from 10.9% in June to 10.8% in July.
Czech Republic Industry
Industrial production expands at slowest pace since December 2009
September 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%.