Latest reading: Manufacturing output grew 1.9% compared to the same month a year earlier in May, matching April’s increase. Looking...
Industrial Production in Czech Republic
The Czech economy recorded an average industrial production growth rate of 5.1% 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 slows in March
Latest reading: Industrial output expanded by 0.5% in month-on-month seasonally adjusted terms in March (February: +1.7% mom s.a.). The deceleration was mainly due to a fall in manufacturing output growth. In addition, electricity, gas, steam and air conditioning supply output fell. That said, mining and quarrying output rebounded. On an annual calendar-adjusted basis, factory output grew 1.5% in March (February: +1.6% yoy). Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 0.6% in March, up from February’s minus 1.0% reading.
Outlook: Our panelists have slashed their 2025 industrial production growth forecast so far this year due to U.S. import tariffs and heightened uncertainty regarding global trade. In particular, the automotive sector—which accounts for nearly one-tenth of GDP and about a quarter of manufacturing activity and merchandise exports—will suffer from increased U.S. tariffs on cars and car components effective from April. That said, industrial output is still expected to rebound from 2024 in 2025 as stronger EU demand will support production. Higher defense spending is an upside risk.
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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Thailand: Manufacturing activity growth stable in May -
Russia: Industrial output growth rises but remains mild in May Latest reading: Industrial production rose 1.8% year on year in May, improving from April’s 1.5% expansion but continuing to undershoot... -
Poland: Industrial output improves in May Latest reading: Industrial production increased 3.9% year on year in May (April: +1.2% yoy), marking the best reading since October... -
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... -
Lithuania: Industrial output growth eases in May Latest reading: Industrial output increased 1.9% compared to the same month of the previous year in May, which followed April’s... -
Belarus: Industrial output growth falls to an over two-year low in May Latest reading: Industrial production growth eased to 1.1% year on year in May (April: +1.4% yoy), marking the weakest reading... -
Kazakhstan: Industrial output loses momentum in May Latest reading: Industrial output grew 5.8% compared to the same month a year earlier in May, which was a deterioration...