Latest reading: Industrial output rose 1.9% in month-on-month seasonally adjusted terms in May, which was above April’s 1.3% increase. May’s...
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 growth gains momentum in April
Latest reading: Industrial output grew 0.8% in month-on-month seasonally adjusted terms in April (March: +0.5% mom s.a.). The reading reflected a broad-based upturn, with activity in the manufacturing, energy supply plus mining and quarrying sub-sectors all improving in April. On an annual basis, factory output rose at a quicker rate of 2.0% in calendar-adjusted terms in April (March: +1.6% yoy), the best result since March 2023. Accordingly, the trend improved, with the annual average variation of industrial production coming in at minus 0.5%, up from March's minus 0.6%.
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 14 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.
Latest Global Industrial production News
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Taiwan: Industrial output growth remains buoyant in May Latest reading: Industrial production grew 22.6% year on year in May (April: +23.7% yoy), well above market expectations, driven chiefly... -
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