Industrial production in the Czech Republic tumbled 25.7 percent year-on-year in May of 2020, following a record 33.7 drop in the previous month and worse than market expectations of a 21.5 percent fall. Output fell at a softer pace for manufacturing (-26.7 percent vs -35.5 percent in April); electricity, gas, steam & air conditioning supply (-17.2 percent vs -19.2 percent) and mining & quarrying (-20.4 percent vs -21.9 percent). On a seasonally adjusted monthly basis, industrial output rose 1.4 percent, after dropping a downwardly revised 23.2 percent in April.
Industrial Production in Czech Republic averaged 2.97 percent from 2001 until 2020, reaching an all time high of 14.50 percent in February of 2007 and a record low of -33.70 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 July of 2020. source: Czech Statistical Office
Industrial Production in Czech Republic is expected to be -6.20 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 16.50 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.