Czech Republic Industrial production April 2017

Czech Republic

Czech Republic: Industrial production drops in April

June 7, 2017

Czech industrial production fell 2.5% year-on-year in April, strongly contrasting the 10.2% expansion registered in March. The reading reflected a downturn in manufacturing—due in large part to lower production of motor vehicles, trailers and semi-trailers— which more than offset a turnaround in the electricity, gas, steam and air conditioning supply sector and stronger growth in the mining sector. It should also be noted that April 2017 contained three working days less than the same month of the prior year, weighing on the final figure.

A month-on-month comparison showed that industrial output expanded 0.6% in seasonally adjusted terms in April, which contrasted March’s 0.3% decline. Nevertheless, annual average growth in industrial production decreased from 4.6% in March to 4.0% in April.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 3.6% in 2017, which is down 0.1 percentage points from last month’s forecast. For 2018, panelists expect industrial output to expand 4.1%.

Author: Massimo Bassetti, Economist

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