Industry in Czech Republic
Czech Republic - Industry
Industrial production decelerates in May
In May, industrial production expanded 2.5% over the same month last year. The reading represented a deceleration compared to the 7.7% increase registered April and came in well below the 5.5% increase the market had expected. May’s result, which marked the slowest pace of expansion since August 2013, reflected a slowdown in manufacturing output and deteriorations in mining and quarrying as well as in electricity, gas and air conditioning supply.
A month-on-month comparison confirms the deceleration suggested by the annual data. In May, industrial production fell a seasonally-adjusted 1.5% over the previous month, which contrasted the 1.0% increase tallied in April.
Despite the slower annual reading, the trend continues to suggest that a recovery in the industrial sector is on its way: annual average growth in industrial production rose from 3.9% in April to 4.3% in May.
Met the why particular Consensus Forecast panelists expect industrial output to expand 4.7% in 2014, which is up 0.2 percentage points from last month’s forecast. For 2015, panelists expect industrial output to expand 4.4%.
Czech Republic - Industry Data
|Industrial Production (annual variation in %)||-0.1||5.0||4.3||3.4||6.5|
5 years of economic forecasts for more than 30 economic indicators.
Czech Republic Industry Chart
Source: Czech Statistical Office and Met the why particular calculations.
Czech Republic Facts
|Bond Yield||1.78||-1.85 %||Jan 30|
|Exchange Rate||22.58||-0.66 %||Jan 30|
|Stock Market||1,035||-0.11 %||Jan 30|
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April 11, 2019
Consumer prices rose 0.2% from the previous month in March, following February’s 0.2% month-on-month increase.
April 8, 2019
Industrial production rose 1.5% year-on-year in February, rebounding from January’s 1.0% decline.
March 28, 2019
On 28 March, the Czech National Bank (CNB) kept the two-week repo rate unchanged at 1.75%.
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The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), tumbled from 98.2 points in February to 97.0 in March, a two-year low.
March 15, 2019
Industrial production tumbled 1.1% year-on-year in January, following December’s sharper 1.5% drop.