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||1.86||-1.85 %||Feb 20|
|Exchange Rate||22.65||-0.66 %||Feb 20|
|Stock Market||1,068||-0.10 %||Feb 20|
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February 15, 2019
Annual GDP growth accelerated from 2.4% in the third quarter to 2.9% in the fourth quarter of 2018 in seasonally- and price-adjusted terms, according to preliminary data released by the Czech Statistical Office (CSO) on 15 February.
February 13, 2019
Consumer prices rose 1.0% from the previous month in January, accelerating notably from December’s 0.1% increase.
February 7, 2019
At its first meeting of the year on 7 February, the Bank Board of the Czech National Bank (CNB) kept the two-week repo rate unchanged at 1.75%, marking the second consecutive “hold”.
February 6, 2019
Industrial production declined 1.4% year-on-year in December, contrasting November’s strong 4.8% increase.
February 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit dipped from 49.7 in December to 49.0 in January, marking the second consecutive monthly contraction of the all-important sector and hitting a six-year low.