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||2.17||-1.85 %||Oct 22|
|Exchange Rate||22.48||-0.66 %||Oct 22|
|Stock Market||1,081||-0.10 %||Oct 22|
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October 9, 2018
Consumer prices fell 0.3% in September from the previous month, contrasting August’s mild 0.1% rise.
October 8, 2018
Industrial production rose 1.9% year-on-year in August, markedly below July’s nine-month high increase of 10.3%.
October 1, 2018
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit dipped from 54.9 in August to 53.4 in September, the third consecutive monthly fall and the lowest reading since November 2016.
September 26, 2018
At its 26 September meeting, the Bank Board of the Czech National Bank (CNB) decided to raise the two-week repo rate by 25 basis points to 1.50%, the third consecutive rate hike and a move widely expected by the market.
September 24, 2018
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), climbed from 99.1 in August to 99.6 in September.