Industrial production in the Czech Republic shrank by 1.4 percent from a year earlier in August of 2021, after a downwardly revised 6.8 percent growth in the prior month and against market expectations of a 2.6 percent increase. It was the first decline in industrial activity since February, mainly influenced by unplanned extended holidays in the car industry amid the global shortage of microchips and planned temporary shutdowns in the energy sector. Conversely, production increased in most of industrial activities, notably the manufacture of machinery and equipment (11.3 percent), fabricated metal products (6.0 percent) and electrical equipment (7.1 percent). On a seasonally adjusted monthly basis, industrial production slumped 3.2 percent, the most since April of 2020, following a downwardly revised 1.9 percent rise in July. source: Czech Statistical Office
Industrial Production in Czech Republic averaged 3.19 percent from 2001 until 2021, reaching an all time high of 54.20 percent in April of 2021 and a record low of -34.60 percent in April of 2020. This page provides - Czech Republic Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Industrial Production in Czech Republic is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic Industrial Production is projected to trend around 3.80 percent in 2022 and 3.10 percent in 2023, according to our econometric models.