Industrial production in the Czech Republic surged 55.1 percent from a year earlier in April of 2021, following a downwardly revised 14.1 percent rise in the prior month and beating market expectations of a 52.5 percent jump. It was the fastest growth in industrial activity since the series began in January of 2001, largely due to a low base year effect as output shrank at a record pace in the same period in 2020 because of the coronavirus pandemic. Main increases were seen in the manufacture of motor vehicles, trailers and semi-trailers (446.5%), manufacture of rubber and plastic products (101.8%) and manufacture of electrical equipment (64.0%). On a monthly basis, industrial activity rose 1.9 percent, after a downwardly revised 2.6 percent rise in the prior month. source: Czech Statistical Office
Industrial Production in Czech Republic averaged 3.07 percent from 2001 until 2021, reaching an all time high of 55.10 percent in April of 2021 and a record low of -34.60 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 June of 2021.
Industrial Production in Czech Republic is expected to be 11.80 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 4.50 in 12 months time. In the long-term, the Czech Republic Industrial Production is projected to trend around 3.80 percent in 2022 and 3.10 percent in 2023, according to our econometric models.