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||1.64||-1.85 %||Dec 31|
|Exchange Rate||22.76||-0.66 %||Dec 30|
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January 10, 2020
Industrial production fell 3.2% year-on-year in working-day adjusted terms in November, which followed a 0.4% slip recorded in October.
January 2, 2020
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, rose marginally to 43.6 in December from 43.5 in November, which had marked a four-month low.
December 27, 2019
The economic sentiment indicator, published by the Czech Statistical Office (CSO), bounced back to 93.8 in December from 93.3 in November, which had marked the lowest print since July 2014.
December 18, 2019
On 18 December, the board of the Czech National Bank (CNB) decided to keep the two-week repo rate steady at 2.00%, marking the fifth consecutive hold and coming broadly in line with market expectations.
December 13, 2019
Consumer prices rose 0.2% from the previous month in December, following November’s 0.3% increase.