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: Javier Colato, Economist