Czech Republic Industrial production June 2021

Czech Republic

Czech Republic: Industrial output growth eases in June

July 7, 2021

Industrial production increased 11.4% year-on-year in working-day adjusted terms in June (May: +25.3% yoy). June's slowdown was partly driven by softer manufacturing production growth, while electricity, gas, steam and air conditioning supply production declined at a sharper pace compared to the previous month.

On a seasonally-adjusted monthly basis, factory output rebounded, rising 1.0% in June (May: -3.6% mom). Meanwhile, annual average industrial production growth rose to 8.4% in June (May: +6.6%), 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:, Economist

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Czech Republic Industrial production Chart

Czech Republic Industry June 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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