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%.