Industrial production in the Czech Republic declined 5.5 percent over a year earlier in August 2020, following a 5 percent fall in the previous month and compared with market expectations of a 2.8 percent drop. Output decreased further in manufacturing (-5.6 percent from -5 percent in July) and mining & quarrying (-24.5 percent from -25.4 percent). Additionally, production of electricity, gas, steam and air conditioning supply fell (-0.7 percent from 0.4 percent). On a seasonally adjusted monthly basis, industrial production went down 0.9 percent, after a 5.7 percent gain in the prior month. source: Czech Statistical Office
Industrial Production in Czech Republic averaged 2.84 percent from 2001 until 2020, reaching an all time high of 14.50 percent in February of 2007 and a record low of -35.10 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 2020.
Industrial Production in Czech Republic is expected to be -3.40 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 5.50 in 12 months time. In the long-term, the Czech Republic Industrial Production is projected to trend around 4.00 percent in 2021 and 3.10 percent in 2022, according to our econometric models.