Czech Republic Industrial production July 2021

Czech Republic

Czech Republic: Industrial output growth eases again in July

September 8, 2021

Industrial production increased 7.0% year-on-year in working-day adjusted terms in July (June: +11.1% yoy). July's slowdown was driven by softer manufacturing production growth, while electricity, gas, steam and air conditioning supply production rebounded and mining output expanded at a sharper pace compared to the previous month.

On a seasonally-adjusted monthly basis, factory output rose 2.1% in July (June: +1.0% mom). Meanwhile, annual average industrial production growth rose to 7.7% in July (June: +6.8%), signaling an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 10.1% in 2021, which is up 0.9 percentage points from last month’s forecast. In 2022, they see industrial production growing 5.2%.

Author: Massimo Bassetti, Senior Economist

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Czech Republic Industrial production Chart

Czech Republic Industry July 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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