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||1.07||-1.85 %||Sep 04|
|Exchange Rate||23.44||-0.66 %||Sep 04|
|Stock Market||1,028||-0.10 %||Sep 04|
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