Czech industrial output slumped 3.4 percent from a year earlier in December 2019, following a 3.2 percent drop in the previous month and compared to market expectations of 1.4 percent decline. The biggest downward contributions came from motor vehicles, trailers and semi-trailers, fabricated metal products, and other transport equipment. Meanwhile, there were increases in production of electrical equipment, basic pharmaceutical products and pharmaceutical preparations, and repair and installation of machinery and equipment. For the full year 2019, industrial output decreased 0.5 percent.
Industrial Production in Czech Republic averaged 3.36 percent from 2001 until 2019, reaching an all time high of 14.50 percent in February of 2007 and a record low of -20.70 percent in February of 2009. This page provides - Czech Republic Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Czech Statistical Office
Industrial Production in Czech Republic is expected to be 3.00 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 3.40 in 12 months time. In the long-term, the Czech Republic Industrial Production is projected to trend around 2.90 percent in 2021, according to our econometric models.