Czech Republic Industrial production January 2021

Czech Republic

Czech Republic: Industrial output growth cools in January

March 12, 2021

Industrial production expanded 0.9% year-on-year in working-day adjusted terms in January, which followed December’s 2.5% increase. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 6.9% from December’s minus 7.0%.

On a monthly basis, industrial production dropped 0.4% in seasonally-adjusted terms in January, following December’s 0.2% decrease.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 7.4% in 2021, which is unchanged from last month’s forecast. In 2022, they see industrial production growing 4.2%.

Author: Massimo Bassetti, Senior Economist

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Czech Republic Industrial production Chart

Czech Republic Industry January 2021

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

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