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.

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Czech Republic Industrial Production


Calendar GMT Actual Previous Consensus TEForecast
2021-09-06 07:00 AM Jul 7% 11.1% 5% 5.1%
2021-10-07 07:00 AM Aug -1.4% 6.8% 2.6% 4%
2021-11-08 08:00 AM Sep -1.4% 5.5%


News Stream
Czech Republic Industrial Output Unexpectedly Falls
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.
2021-10-07
Czech Industrial Output Growth Beats Forecasts
Industrial production in the Czech Republic rose by 7 percent from a year earlier in July of 2021, after a downwardly revised 11.1 percent growth in the prior month and above market expectations of a 5 percent increase. It was the fifth straight month of rising industrial activity, partially influenced by a lower comparison basis but also due to increased demand for some products of manufacturing, such as steel. Among sectors, production grew in mining & quarrying (24 percent vs 11.7 percent in June); manufacturing (6.8 percent vs 12.8 percent), namely fabricated metal products (14.5 percent) and basic metals (28.1 percent); and electricity, gas, steam and air conditioning supply (5.3 percent vs -5 percent). On a seasonally adjusted monthly basis, industrial production inched up 2.1 percent, the most in four months.
2021-09-06
Czech Industrial Output Growth Exceeds Forecasts
Industrial production in the Czech Republic advanced by 11.4 percent from a year earlier in June of 2021, easing from a 25.3 percent jump in the previous month but above market expectations of an 8.3 percent rise. Growth was mainly supported by manufacturing (13.1 percent vs 29.2 percent in May), although the rate of expansion slowed, hindered by lack of components in the automotive industry. At the same time, output rebounded for mining & quarrying (11.5 percent vs -0.3 percent). Conversely, production declined further for electricity, gas, steam and air conditioning supply (-5.1 percent s -2.2 percent). On a seasonally adjusted monthly basis, industrial output increased 1 percent, following a 3.6 percent fall in the previous month.
2021-08-06

Czech Republic Last Unit Reference Previous Highest Lowest
Business Confidence 95.30 points Sep/21 97.10 113.70 69.70
Industrial Production Mom -3.20 percent Aug/21 1.90 18.50 -24.30
Industrial Production -1.40 percent Aug/21 6.80 54.20 -34.60
Manufacturing Production -1.00 percent Aug/21 6.80 60.40 -36.54
New Orders 105.94 points Aug/21 113.55 217.39 58.04
Changes in Inventories 35.07 CZK Billion Jun/21 47.37 47.37 -28.84


Czech Republic Industrial Production
In Czech Republic, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities.