Czech Republic Industrial production September 2021

Czech Republic

Czech Republic: Industrial output records largest decrease in over a year in September

November 8, 2021

Industrial production declined 4.1% year-on-year in working-day adjusted terms in September (August: -1.4% yoy). September's figure marked the worst reading since June 2020. Looking at the details of the release, manufacturing output swung to contraction, while mining and quarrying output increased at a softer pace in September. Meanwhile, electricity, gas, steam and air conditioning supply rebounded.

On a monthly basis, industrial output dropped 3.3% in seasonally-adjusted terms in August, which followed August’s 3.2% decrease. Meanwhile, annual average industrial production growth declined to 7.6% in September (August: +7.9%).

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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Czech Republic Industrial production Chart

Czech Republic Industry September 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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