In March, industrial production grew 9.5% over the same month last year, which represented a slowdown compared to the 13.0% expansion observed in February and fell short of market expectations, which had seen industrial output easing to 12.0%. The March result represented the weakest expansion since October 2010, after industrial output grew at a double-digit rate for four straight months. The deceleration in March was mainly the result of slower growth in both manufacturing production and mining and quarrying. In addition, electricity, gas, steam and air conditioning supply contracted for the third consecutive month. A month-on-month comparison points to an even stronger deterioration in industrial output, as industrial production dropped a seasonally adjusted 0.86% in March, which contrasted a 0.09% increase in February. As a result of the sharp slowdown, the trend turned flat, with annual average growth unchanged at February's 11.4%.
Czech Republic Industry
Industrial production growth slows sharply in March
May 9, 2011
Looking for forecasts related to Industry in Czech Republic? Download a sample report now.
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%.