Czech Republic Industrial production November 2019

Czech Republic

Czech Republic: Industrial production contracts for fourth month running in November

January 10, 2020

Industrial production fell 3.2% year-on-year in working-day adjusted terms in November, which followed a 0.4% slip recorded in October. The downturn was mainly driven by a steep decline in manufacturing output, particularly of machinery, transport equipment and vehicles. Meanwhile, the mining and quarrying industry shrank for the 11th consecutive month in November, while the electricity, gas, steam and air conditioning supply sector swung back to contraction.

In seasonally-adjusted month-on-month terms, industrial output fell 1.1% in November, following October’s 0.1% dip. Lastly, the annual average variation in industrial production swung from a 0.3% expansion in October to a 0.1% drop in November.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 0.5% in 2020, which is down 0.2 percentage points from last month’s forecast, and 1.5% in 2021.

Author:, Economist

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Czech Republic Industrial production Chart

Czech Republic Industry November 2019

Note: Year-on-year and annual average variation of working-day adjusted industrial production index in %
Source: Czech Statistics Office (CSO).

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