Czech Republic Industrial production

Czech Republic

Czech Republic: Industrial production improves further in July

September 8, 2014

In July, industrial production increased 8.6% over the same month last year. The reading followed the 8.3% increase registered in June and overshot the 6.6% rise the markets had expected. July’s result reflected an improvement in manufacturing output, while electricity generation as well as mining and quarrying contracted at a faster pace compared to the previous month.

A sequential comparison shows that industrial production increased only a seasonally-adjusted 0.7% over the previous month in July, which followed the 0.5% increase observed in June.

As a result of the stronger annual reading, the trend continues to suggest that a recovery in the industrial sector is on its way; annual average growth in industrial production rose from 5.3% in June to 5.9% in July.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 4.7% in 2014, which is up 0.2 percentage points from last month’s forecast. For 2015, panelists expect industrial output to expand 4.4%.

Author:, Senior Economist

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Czech Republic Industrial production Chart

Czech Republic Industry July 2014 0

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

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