Industrial production in the Czech Republic dropped 1.1 percent from a year earlier in January 2019, following an upwardly revised 1.5 percent decline in the previous month and missing market expectations of a 1.6 percent growth. Production fell for motor vehicles, trailers and semi-trailers (-6.9 percent vs -6.1 percent in December), rubber and plastic products (-5.9 percent vs -2.6 percent), and wood and of products of wood and cork, except furniture; articles of straw and plaiting materials (-17.9 percent vs -3.8 percent). By contrast, output growth was recorded for electricity, gas, steam and air conditioning supply (16 percent vs 9.1 percent), food products (6.8 percent vs 0.2 percent), and basic pharmaceutical products and pharmaceutical preparations (22.9 percent vs 11.6 percent). Industrial Production in Czech Republic averaged 3.81 percent from 2001 until 2019, 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 3.60 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 3.20 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.