Industrial production in Czech Republic fell 3.2 percent year-on-year in November of 2019, following an upwardly revised 0.4 percent decline in the previous month and compared with market expectations of a 1.2 percent drop. Industrial output fell for the 4th month, mainly due to manufacture of transport equipment (-28.8 percent), machinery and equipment (-7.6 percent), and motor vehicles, trailers and semi-trailers (-3 percent). Production also shrank in mining and quarrying (-8.2 percent) and for utilities (-2.5 percent). On a monthly basis, industrial production fell 1.1 percent. Industrial Production in Czech Republic averaged 3.39 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.
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 2020, according to our econometric models.