Industrial production

Average for 2024

Industrial production

(annual values, % yoy)
CBA Commentary
Industrial production has shown weak output growth since the end of 2018. \Based on May 2025 data, industrial production this year was 0.6% above the pre-2019 level, compared with -1% last year. In the case of manufacturing, output is at 102.7% of its 2019 level (102% last year) and in the case of automotive, at 116.3% (after 118% last year).
In May 2025, industrial production grew at a 2.1% annualised (seasonally adjusted) rate, and year-to-date growth this year is 1.1%, compared with -1% in the same period last year. These y/y changes in manufacturing were 1.4% y/y in May and 0.3% y/y so far in 2025 (after -0.9% in the same period last year), while the automotive industry posted a 0.2% y/y decline in May and has averaged -1.6% so far this year after -1.7% last year.
Source of primary data
CZSO
Note
Yearly average in history and ytd average in current year,
data adjusted for seasonality and different number of working days,
automotive industry - NACE/NACE 29.
Category
Economics
Data frequency
annual
Comments
Solid February industrial growth but slowing wage growth
Economic commentary by Jaromir Šindel, Chief Economist of the CBA
Czech industry remains in recession
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Worse April sentiment does not bring immediate relief for the CNB
Economic commentary by Jaromir Šindel, Chief Economist of the CBA
Strong March economic data spoils weaker industrial payrolls and gives way to surprising growth structure
Economic commentary by Jaromir Šindel, Chief Economist of the CBA
Highest unemployment in eight years does not dampen hawkish core inflation due to solid economic growth
Economic commentary by Jaromir Šindel, Chief Economist of the CBA
Domestic industry faces weak demand
Economic commentary by Jakub Seidler, Chief Economist of the CBA