Industrial production in Czech Republic surged 3.3 percent year-on-year in April of 2019, following an upwardly revised 0.2 percent gain in March and beating market expectations of a 2.7 percent rise. It was the strongest increase in industrial activity since November 2018, as manufacturing output advanced faster (3.1 percent vs 2.2 percent in March), mainly manufacture of motor vehicles, trailers and semi-trailers (5.4 percent vs 3.7 percent) while electricity, gas, steam & air conditioning supply rebounded sharply (6.5 percent vs -13.7 percent). Meantime, mining & quarrying output fell at a softer pace (-1.3 percent vs -2.4 percent). On a seasonally adjusted monthly basis, industrial production increased 0.8 percent, following a 0.1 percent rise in March. Industrial Production in Czech Republic averaged 3.78 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 2.00 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 3.00 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.