Industrial production rebounds strongly in Czech RepublicStaff Writer | January 10, 2017
Industrial production jumped 7.0% year-on-year in Czech Republic in November, which contrasted the 1.7% contraction registered in October.
Business in Europe Output to expand 4.1%
In contrast, manufacturing of basic pharmaceutical products and pharmaceutical preparations as well as mining and quarrying decreased.
A month-on-month comparison showed that industrial output grew 1.7% in seasonally-adjusted terms in November, which contrasted October’s 0.3% decrease.
As a consequence of November’s increase, annual average growth in industrial production inched up from 2.8% in October to 2.9% in November.
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%. ■