Industrial production in the Czech Republic jumped 14.9 percent from a year earlier in March of 2021, rebounding from a 2.6 percent drop in the previous month and above market expectations of an 11.4 percent gain. It was the biggest gain in industrial activity since the series began in 2001, as manufacturing production rebounded sharply (16 percent vs -3.1 percent in February) and output of electricity, gas, steam and air conditioning supply advanced faster (9 percent vs 1.5 percent). Also, production of mining & quarrying decreased less (-2.7 percent vs -2.9 percent). On a monthly basis, industrial activity rose 3.2 percent. Considering the first quarter of the year, industrial production advanced 4.1 percent. source: Czech Statistical Office
Industrial Production in Czech Republic averaged 2.86 percent from 2001 until 2021, reaching an all time high of 14.90 percent in March 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 May of 2021.
Industrial Production in Czech Republic is expected to be 11.80 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 4.50 in 12 months time. 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.