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
Czech Republic Industry Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | 3.0 | -0.3 | -7.2 | 6.6 | 2.5 |
Decline in industrial activity softens in December
Industrial output decreased 0.7% year on year in working-day adjusted terms in December, which was a smaller contraction than November's 2.7% decrease. Looking at the details of the release, manufacturing output decreased at a sharper rate in December, and the contraction in electricity, gas, steam and air conditioning supply output worsened. Meanwhile, mining and quarrying output also shrunk at a faster rate. On a seasonally adjusted monthly basis, industrial output rose 2.8% in December (November: -1.5% mom) Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.4%, down from November's 0.0%.
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 10 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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