In May, industrial production fell 2.4% over the same month last year, which contrasted the 2.2% expansion observed in April and marked, in fact, the first drop since October 2009. Nonetheless, the contraction was smaller than private sector analysts expectations, who had industrial output declining 3.4%. The fall was lead by a fall in manufacturing output and in electricity, gas, steam and air conditioning supply. A month-on-month comparison confirms the deterioration seen in the annual figures, as industrial output declined a seasonally adjusted 0.1% in May, contrasting the 0.1% increase recorded in April. As a result of the drop, the trend deteriorated, with annual average growth in industrial production falling from 4.2% in April to 2.8% in May, the slowest pace in almost two years.
Czech Republic Industry
Industrial productions drops in May albeit less than expected
July 9, 2012
Looking for forecasts related to Industry in Czech Republic? Download a sample report now.
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 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%.
September 26, 2016
The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from August’s 96.8 points to 97.1 points in September, marking a seven-month high.