Industry in Czech Republic

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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

2013   2014   2015   2016   2017  
Industrial Production (annual variation in %)-0.1  5.0  4.3  3.4  6.5  

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Czech Republic Industry Chart

CzechRepublic Industry
Note: Annual variation of industrial output in %.
Source: Czech Statistical Office and FocusEconomics calculations.

Czech Republic Facts

Value Change Date
Bond Yield1.64-1.85 %Dec 31
Exchange Rate22.76-0.66 %Dec 30

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