Industrial production in Czech Republic rose 6.7 percent year-on-year in October of 2018, rebounding from a downwardly revised 0.6 percent decrease in the previous month and higher than market expectations of a 5.7 percent gain. Output rebounded for manufacturing (7.7 percent from -0.5 percent in September), namely textiles (6.9 percent from -4 percent); paper & paper products (0.6 percent from -2.9 percent); transport equipment (8.8 percent from -10.8 percent) and furniture (9.7 percent from -1.8 percent). Additionally, production of electricity, gas, steam & air conditioning supply went up 1.1 percent, compared to a 1.7 percent fall in September. Meanwhile, output for mining & quarrying (-3.1 percent from -0.1 percent) continued to decline. On a monthly basis, industrial output fell 1.1 percent, after a downwardly revised 1 percent advance in September. Industrial Production in Czech Republic averaged 3.84 percent from 2001 until 2018, reaching an all time high of 19.20 percent in January of 2001 and a record low of -21.80 percent in February of 2009.
Industrial Production in Czech Republic is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Czech Republic to stand at 1.70 in 12 months time. In the long-term, the Czech Republic Industrial Production is projected to trend around 2.50 percent in 2020, according to our econometric models.