Industry in Czech Republic
Czech Republic - Industry
Industrial production decelerates in May
In May, industrial production expanded 2.5% over the same month last year. The reading represented a deceleration compared to the 7.7% increase registered April and came in well below the 5.5% increase the market had expected. May’s result, which marked the slowest pace of expansion since August 2013, reflected a slowdown in manufacturing output and deteriorations in mining and quarrying as well as in electricity, gas and air conditioning supply.
A month-on-month comparison confirms the deceleration suggested by the annual data. In May, industrial production fell a seasonally-adjusted 1.5% over the previous month, which contrasted the 1.0% increase tallied in April.
Despite the slower annual reading, the trend continues to suggest that a recovery in the industrial sector is on its way: annual average growth in industrial production rose from 3.9% in April to 4.3% in May.
FocusEconomics Consensus Forecast panelists expect industrial output to expand 4.7% in 2014, which is up 0.2 percentage points from last month’s forecast. For 2015, panelists expect industrial output to expand 4.4%.
Czech Republic - Industry Data
|Industrial Production (annual variation in %)||-0.1||5.0||4.3||3.4||6.5|
5 years of economic forecasts for more than 30 economic indicators.
Czech Republic Industry Chart
Source: Czech Statistical Office and FocusEconomics calculations.
Czech Republic Facts
|Bond Yield||2.01||-1.85 %||Dec 14|
|Exchange Rate||22.86||-0.66 %||Dec 14|
|Stock Market||1,028||-0.10 %||Dec 14|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
December 10, 2018
Consumer prices declined 0.1% from the previous month in November, contrasting October’s 0.4% rise.
December 7, 2018
Industrial production jumped 6.7% year-on-year in October, rebounding from September’s 0.6% dip.
December 3, 2018
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit slipped from 52.5 in October to 51.8 in November, the fifth consecutive monthly fall and the lowest reading in over two years.
November 30, 2018
A detailed breakdown of GDP, released by the Statistical Institute on 30 November, revealed the economy maintained momentum in the third quarter.
November 26, 2018
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), dipped from 99.8 points in October to 99.3 in November.