Czech Republic: Industrial output swings to contraction in February

czech republic industrial output swings to contraction in february

Sumary of Czech Republic: Industrial output swings to contraction in February:

  • Industrial production dropped 2.6% year-on-year in working-day adjusted terms in February, which contrasted January 0.3% uptick..
  • Meanwhile, the trend deteriorated, with the annual average variation of industrial production coming in at minus 7.2% from January minus 6.9%..
  • On a monthly basis, industrial production contracted 2.0% in seasonally-adjusted terms in January, following January 0.8% decrease..
  • FocusEconomics Consensus Forecast panelists expect industrial output to expand 7.4% in 2021, which is unchanged from last month forecast….

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