Czech industrial production rebounds vigorously in MayStaff Writer | August 1, 2017
Industrial production expanded 8.1% year-on-year in May, strongly contrasting the 2.5% contraction registered in April.
Europe FocusEconomics Consensus Forecast
It should also be noted that May 2017 contained one working day less than the same month of the prior year.
A month-on-month comparison showed that industrial output expanded 3.3% in seasonally adjusted terms in May, which followed April’s 0.7% increase. Nevertheless, annual average growth in industrial production decreased from 4.0% in April to 3.8% in May.
FocusEconomics Consensus Forecast panelists expect industrial output to expand 3.6% in 2017, which is down 0.1 percentage points from last month’s forecast. For 2018, panelists expect industrial output to expand 4.1%. ■