Industrial production in June 2022 in the Czech Republic grew by 1.7 % y/y in real terms. It was up 0.5 % m/m. Veronika Doležalová, head of the industry statistics department of the Czech Statistical Office, said that while last June industrial companies were at the beginning of the chip crisis, this year the situation in the supply of chips and cable harnesses has improved, and car manufacturers in particular have caught up with the slowdown in production from previous months. The value of new orders at current prices in the monitored industries increased by 15.5 % year-on-year. According to the latest Eurostat data for May 2022, industrial production in the EU27 rose by 2.7 %.

Source: ČIA news

Prepared by the team of CzechTrade Israel