CZSO will publish January data from industry and construction today

CZSO will publish January data from industry and construction today

ČS&Ua will publish January data from industry and construction today

Illustrative photo – Czech Statistical Office building in Na padesátém street near the Skalka metro station.

Prague – The Czech Statistical Office (ČSÚ) will report today on how the industry and the construction industry fared in January. In the last month of last year, industrial production grew by four percent year-on-year, for the whole year it rose by 1.7 percent year-on-year, reaching the pre-Covid level of 2019. Construction fell by 0.2 percent year-on-year in December, for the whole of last year but it increased by 1.9 percent.

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Analysts expect weaker industry performance this year. For example, they drew attention to the problems of the automobile industry. “Part of the largest industry, which otherwise has quite a lot of orders, is struggling with a lack of components,” said Creditas Bank chief economist Petr Dufek in February.

According to analysts, the construction industry should remain stable this year. However, the CEO of Xella (producer of Ytong) for the Czech Republic and Slovakia, Peter Markovič, estimates that the number of newly started constructions will probably decrease, and he agreed with Banka Creditas economist Petr Dufek that this year's hit will be renovations focused on energy savings and photovoltaics.

< p>According to statistics, car production contributed the most to industrial growth in December, which increased by 30 percent due to the lower comparative base. The decline in construction in December was dampened by engineering construction, which includes the construction of roads or telecommunications and energy networks, which grew by 8.2 percent year-on-year. On the contrary, building construction fell by 3.2 percent.