Industrial production in Czech Republic rose 5.6 percent year-on-year in July of 2019, recovering from a downwardly 6 percent slump in the previous month and above market expectations of a 2.5 percent increase. It was the highest gain in industrial activity since October of 2018, as output rebounded sharply for manufacturing (8 percent vs -5.8 percent in June). Meantime, production continued to fall for both electricity, gas, steam & air conditioning supply (-12 percent vs -6.8 percent) and mining & quarrying (-6.4 percent vs -12.4 percent). On a seasonally adjusted monthly basis, industrial output went up 0.7 percent, rebounding from a 2.8 percent fall in June. Industrial Production in Czech Republic averaged 3.74 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 -3.20 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 3.40 in 12 months time. In the long-term, the Czech Republic Industrial Production is projected to trend around 2.90 percent in 2020, according to our econometric models.