Czech Republic Industrial production November 2020

Czech Republic

Czech Republic: Industrial output growth softens in November

January 8, 2021

Industrial production expanded 0.4% year-on-year in working-day adjusted terms in November, which followed October’s stronger 1.3% increase—which had marked the strongest reading since May 2019. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at 8.1% from October’s minus 8.4%.

On a monthly basis, industrial production shrank 1.7% in seasonally-adjusted terms in November, contrasting October’s 2.7% increase.

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 November 20 20

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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