Czech Republic Industrial production May 2019

Czech Republic

Czech Republic: Industrial production growth remains solid in May

July 8, 2019

Industrial production rose a solid 3.2% year-on-year in May, slightly below April’s 3.3% increase. There were the same number of working days in May than in the same month last year. May’s moderation was driven by narrower output gains in the electricity, gas, steam and air conditioning supply industry, and a sharper contraction in the mining and quarrying sector. Meanwhile, manufacturing production growth held steady compared to April.

In seasonally-adjusted month-on-month terms, industrial output climbed 1.1% in May, following the 0.8% increase recorded in April. Meanwhile, annual average growth in industrial production edged up from 2.4% in April to 2.6% in May.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 1.6% in 2019, which is down 0.3 percentage points from last month’s forecast, and 2.7% in 2020.

Author:, Economist

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Czech Republic Industrial production Chart

Czech Republic Industry May 2019

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

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