Czech Republic Industrial production December 2016

Czech Republic

Czech Republic: Growth in industrial production decelerates in December

February 7, 2017

Czech industrial production grew 2.7% year-on-year in December, which followed the strong 7.0% expansion registered in November. The reading mainly reflected expansions in the electricity, gas, steam and air conditioning supply, manufacturing of motor vehicles, trailers and semi-trailers and manufacturing of rubber and plastic products sub-sectors. In contrast, the manufacturing of machinery and equipment and mining and quarrying sub-sectors declined.

A month-on-month comparison showed that industrial output contracted 2.2% in seasonally-adjusted terms in December, which contrasted November’s 1.7% growth and marked the lowest result in five months. Despite slower annual growth in December, annual average growth in industrial production inched up from 2.9% in November to 3.0%.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 3.6% in 2017, which is down 0.1 percentage points from last month’s forecast. For 2018, panelists expect industrial output to expand 4.1%.

Author: Massimo Bassetti, Economist

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Czech Republic Industrial production Chart

Czech Republic Industry December 2016

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

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