Skyline of Prague, Czech Republic

Czech Republic Industry

Czech Republic Industry

Industrial Production in Czech Republic

The Czech Republic recorded an average growth rate of 2.4% in industrial production in the decade to 2022. In 2022, the industrial production growth was 2.5%. 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 2021 to 2020.
Source: Czech Statistical Office.

Czech Republic Industry Data

2018 2019 2020 2021 2022
Industrial Production (ann. var. %) 3.0 -0.5 -7.0 6.5 2.1

Industrial output deteriorates in March

Industrial output decreased 2.7% year on year in working-day adjusted terms in March, which contrasted February's 0.7% increase. March's notable weakening was partly due to a deterioration in manufacturing production, as it expanded at the slowest pace since May 2020. In contrast, electricity, gas, steam and air conditioning supply output fell at a softer rate. On a monthly basis, industrial production dropped 1.7% in seasonally adjusted terms in March, contrasting February’s 2.2% expansion. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.2% in March, down from February's minus 0.8% reading.

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 13 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.

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