Czech Republic Industrial production September 2018

Czech Republic

Czech Republic: Industrial production slips in September

November 6, 2018

Industrial production fell 0.9% year-on-year in September, contrasting August’s 1.9% increase. Notably, there was one less working day in September than in the same month last year, which weighed on the headline figure. Manufacturing output declined in September, largely due to a sharp drop in production of chemicals and chemical products. Similarly, production in the electricity, gas, steam and air conditioning sector contracted in the month. Meanwhile, year-on-year output growth in the mining and quarrying sector came in flat in September, following a modest contraction in August.

In seasonally-adjusted month-on-month terms, industrial output climbed 1.1% in September, slightly accelerating from the 0.7% rise recorded in August. Meanwhile, annual average growth in industrial production slipped from 4.7% in August to 4.2% in September.

Czech Republic Industrial Production Forecast

FocusEconomics Consensus Forecast panelists expect industrial output to expand 3.3% in 2019, which is down 0.1 percentage points from last month’s forecast, and 2.7% in 2020.

Author:, Economist

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Czech Republic Industrial production Chart

CzechRepublic Industry September 2018

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

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