In July 2019 industrial production after adjusting for the number of workdays grew by a real 0.1 % y/y. Without adjustments the performance of the sector grew 5.6 %. After adjusting for seasonal effects, it was up 0.7 % y/y. The y/y growth was primarily driven by the production of motor vehicles, trailers and semi-trailers (contribution of +2.0 pp, growth by 13.6 %). This was reported by the Czech Statistical Office. Revenues from industrial activities at current prices grew 9.0 % y/y. Revenues from direct exports increased by 8.1 % at current prices. The value of new contracts in the monitored sector increased by 10.2 %. Contracts from abroad were up 9.2 % while new domestic contracts were up 12.4 %.
Prepared by the team of foreign office CzechTrade Chicago