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. source: Czech Statistical Office
Industrial Production in Czech Republic averaged 3.21 percent from 2001 until 2021, reaching an all time high of 55.10 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 September of 2021.
Industrial Production in Czech Republic is expected to be 5.50 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.