Czech Republic Industrial production December 2019

Czech Republic

Czech Republic: Industrial output contracts for fifth consecutive month in December

February 6, 2020

Industrial production declined 3.4% year-on-year in working-day adjusted terms December 2019, which followed the 3.2% drop recorded in November. The downturn was again primarily driven by a sharp fall in manufacturing output, particularly in the key automotive segment amid continued weakness in the German industrial sector. Meanwhile, the mining and quarrying industry shrank for a whole year running, and the electricity, gas, steam and air conditioning supply sector contracted again.

In seasonally-adjusted month-on-month terms, industrial output slipped 0.9% in December, following November’s 1.1% dip. Lastly, the annual average variation in industrial production fell to minus 0.4% from minus 0.1% in November.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 1.4% in 2020, which is down 0.1 percentage points from last month’s forecast, and 2.4% in 2021.

Author:, Economist

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Czech Republic Industrial production Chart

Czech Republic Industry December 2019

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

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