Czech Republic Industrial production March 2022

Czech Republic

Czech Republic: Industrial output rebounds in March

May 11, 2022

Industrial output grew 0.4% year-on-year in working-day adjusted terms in March, which contrasted February's 0.3% decrease. Looking at the details of the release, manufacturing output decreased in March, while electricity, gas, steam and air conditioning supply output gathered steam. Meanwhile, mining and quarrying output decelerated.

On a monthly basis, factory output increased 15.0% in seasonally-adjusted terms in March, rebounding notably from February’s 2.7% fall and marking the best result since September 2020. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 5.6% in March, down from February's 6.9%.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 5.2% in 2022, which is unchanged from last month’s forecast. In 2023, they see industrial production growing 4.1%.


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