Czech Republic: Industrial output skyrockets
Meanwhile, the trend improved, with the annual average variation of industrial production coming in at 2.5% from March’s minus 5.0%.
On a monthly basis, industrial production rose 1.9% in seasonally-adjusted terms in April, following March’s 2.6% increase.
FocusEconomics Consensus Forecast panelists expect industrial output to expand 7.4% in 2021, which is unchanged from last month’s forecast. In 2022, they see industrial production growing 4.2%. ■