Czech Republic is a prosperous market economy that has one of the highest GDP growth rates in the EU

Published: 08.02.2018 Related countries:  U.S.A. U.S.A.

In 2017, industrial production increased by 5.7%, y-o-y. The value of new orders was 6.6% up. The employment was 2.0% up and the average wage increased by 6.9%.

 

Czech Republic is a prosperous market economy that has one of the highest GDP growth rates in the EU

The following contributed the most to the y-o-y growth of industrial production: manufacture of motor vehicles, trailers and semi-trailers (contribution +1.8 p.p., growth by 9.1%), electricity, gas, steam and air conditioning supply (contribution +0.8 p.p., growth by 6.8%), and manufacture of electrical equipment (contribution +0.7 p.p., growth by 9.6%). Industrial production decreased in manufacture of other transport equipment (contribution -0.2 p.p., drop by 11.1%), repair and installation of machinery and equipment (contribution -0.2 p.p., drop by 6.4%), and mining and quarrying (contribution -0.2 p.p., drop by 6.1%).

 

Sales from industrial activity at current prices were higher by 6.5%, y-o-y, in 2017. Direct export sales of industrial enterprises increased at current prices by 6.3%. Domestic sales, which include also indirect export via non-industrial enterprises, increased at current prices by 6.7%.

 

The value of new orders in selected industrial CZ-NACE activities increased by 6.6%, y-o-y, in 2017. Non-domestic new orders increased by 5.3%, while domestic new orders increased by 9.1%.

 

Zdroj: https://www.czso.cz/csu/czso/ari/industry-december-2017