Czech Republic Industry

Czech Republic

Czech Republic: Industrial production continues to expand in August

October 7, 2013

In August, industrial production increased 1.6% over the same month last year. The reading, which fell short of the 2.1% increase tallied in July, marks the second consecutive month of positive growth in industrial output after eight consecutive months of decline. The expansion was mainly driven by a rebound in the electricity category.

A month-on-month comparison confirms the improvement suggested by the annual data. Industrial production rose a seasonally-adjusted 4.7% in August, far above the 0.4% increase registered in July.

Moreover, the trend turned around in August after hitting a three-year low in July; the annual average variation in industrial production increased from minus 3.4% in July to minus 3.2% in August.

FocusEconomics Consensus Forecast panelists expect industrial output to contract 0.5% in 2013, which is down 0.2 percentage points from last month's forecast. For 2014, panelists expect industrial output to rebound and expand 3.6%, which is up 0.2 percentage points from last month's estimate.


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Czech Republic Industry Chart

Czech Republic Industry August 2013

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

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