Latest reading: Industrial output declined 1.3% month-on-month in seasonally adjusted terms in June (May: +1.1% mom). Looking at the details...
Industrial Production in Czech Republic
The Czech economy recorded an average industrial production growth rate of 1.9% in the decade to 2024. In 2024, industrial production growth was -1.1%. For more industry information, visit our dedicated page.
Czech Republic Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Czech Republic from 2024 to 2020.
Source: Macrobond.
Czech Republic Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -7.0 | 6.4 | 2.1 | -0.8 | -1.1 |
Industrial output drops in May
Latest reading: Industrial output declined 1.6% in month-on-month seasonally adjusted terms in May, which contrasted April's 0.9% increase, marking the worst reading since November 2024. May's notable downturn came on the back of contractions in manufacturing and mining output. Moreover, energy production contracted at a steeper pace. On an annual basis, industrial production rose at a quicker rate of 2.2% in calendar-adjusted terms in May (April: +2.0% yoy), the best result since December 2022. Moreover, the trend improved, with the annual average variation of industrial production coming in at minus 0.1% in May, up from April's minus 0.5% reading.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Czech industry projections for the next ten years from a panel of 16 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Czech industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Czech industry projections.
Want to get access to the full dataset of Czech industry forecasts? Send an email to info@focus-economics.com.
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