Czech Republic Industrial production

Czech Republic

Czech Republic: Industry back on track in September

November 6, 2014

In September, industrial production rose 8.3% over the same month last year, which contrasted the 5.2% contraction observed in August. August’s sharp drop was influenced by a strong base effect. According to the Statistical office, September’s increase came on the back of a rebound in manufacturing and electricity, while the mining sector contracted at a softer pace compared to the previous month.

A sequential comparison shows that industrial production rebounded from a 3.5% contraction in August to a 4.5% expansion in September. The figure marked the fastest expansion since August 2013.

As a result of the stronger annual reading, the trend improved in September. Annual average growth in industrial production inched up from 5.3% in August to 5.4% in September.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 4.9% in 2014, which is down 0.5 percentage points from last month’s forecast. For 2015, panelists expect industrial output to expand 4.8%, which is also down 0.5 percentage points from last month’s estimate.

Author:, Senior Economist

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Czech Republic Industrial production Chart

Czech Republic Industry September 2014

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

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