Industrial output in the Czech Republic slumped by 3.8% year-on-year in April of 2022, following a revised 1.3% fall in the previous month and compared with market expectations of a 1.8% drop. It marks the third consecutive month of falling industrial activity and at a stronger pace, mainly due to a high comparison basis with April last year when Covid-19 restrictions ended. Output shrank in manufacturing (-4% vs -2.1% in March), notably the manufacture of motor vehicles (-15.7%) and other transport equipment (-28.2%); and electricity, gas, stream and air conditioning supply (-2.7% vs 4.5%), influenced by high consumption of gas last year, which was caused by the extraordinarily cold weather. Meanwhile, mining activity ticked up 0.1%, slowing sharply from a 6.7% rise in the prior month. On a seasonally adjusted monthly basis, industrial production went down 0.8% in April, following a downwardly revised 1.8% rise in the previous month. source: Czech Statistical Office
Industrial Production in Czech Republic averaged 3.04 percent from 2001 until 2022, reaching an all time high of 55.04 percent in April of 2021 and a record low of -34.61 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 June of 2022.
Industrial Production in Czech Republic is expected to be 4.00 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 2023 and 3.10 percent in 2024, according to our econometric models.