Czech industry growth accelerated to 7.2%

Published: 08.10.2022 Related countries:  U.S.A. U.S.A.

Industrial production grew by 7.2% y/y in real terms in August 2022, picking up from July's revised 0.9% pace.

According to the Czech Statistical Office, the higher dynamics was mainly influenced by a low comparative base in motor vehicle production.

In machinery and equipment production, the increase in demand has been evident for a longer period of time. The value of new orders increased by 18.7% y/y.

Source: CIA News,
Prepared by the team of CzechTrade office in New York.