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Czech Republic Industrial production September 2021

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

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%).

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