Industrial production in Czech Republic declined 3.8 percent year-on-year in June of 2019, following a 3.2 percent gain in the previous month and worse than market expectations of a 2.0 percent fall. It was the biggest drop since July of 2016 as, output fell for manufacturing (-3.4 percent vs 3.1 percent in May), particularly manufacture of fabricated metal products (-5.9 percent vs 1.0 percent) and motor vehicles, trailers & semi-trailers (-3.9 percent vs 6.9 percent); electricity, gas, steam & air conditioning supply (-6.5 percent vs 6.1 percent) and mining & quarrying (-10.8 percent vs -6.1 percent). On a seasonally adjusted monthly basis, industrial output dropped 2.8 percent, after increasing 1.2 percent in May. Industrial Production in Czech Republic averaged 3.74 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 3.60 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 3.40 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.