Czech Republic Industrial production October 2022

Czech Republic

Czech Republic: Industrial output growth decelerates in October

December 9, 2022

Industrial output grew 3.1% year on year in working-day adjusted terms in October, which was below September's 8.3% increase. September's result marked the best reading since June 2021. Looking at the details of the release, production decreased at a sharper pace for electricity, gas and steam and mining and quarrying. Moreover, output manufacturing output growth eased.

On a seasonally adjusted monthly basis, factory output fell 3.7% in October (September: +0.0% mom). Meanwhile, the trend improved, with the annual average growth in industrial production coming in at 1.3% in October, following September's 0.6%.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 1.8% in 2023, which is unchanged from last month’s forecast. In 2024, they see industrial production growing 3.8%.


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Czech Republic Industrial production Chart

Czech Republic Industry October 2022

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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