Hledat v komentářích
Investiční doporučení
Výsledky společností - ČR
Výsledky společností - Svět
IPO, M&A
Týdenní přehledy
 

Detail - články
Industrial production in the Czech Republic back in red

Industrial production in the Czech Republic back in red

10.7.2012 9:17

Actual (May): -2.4% yoy
Consensus: -1.5% yoy
Previous (Apr): 2.2% yoy

Industrial production declined by 0.1% mom and 2.4% yoy. It was the first year-over-year decline since November 2009. Figures were affected by lower number of working days, however even data adjusted for seasonality and number of working days remains negative. The Czech industrial sector gets out of steam. No surprise, given the fact that Eurozone faces recession again and domestic demand suffers from fiscal consolidation and declining household confidence. Automotive industry was the only bright spot in recent month, but it also began to feel some difficulties. Its production rose only by 0.5% yoy in May. Other key sectors posted negative figures. Production of steel mills fell by 7.3% yoy, assembly of electronic devices and IT equipment dropped by 8.6% yoy. There is one important moment in accompanying data: employment improvement stopped in May. The last period of rising employment in industrial sectors lasted only 16 months, while negative trend in last recession persisted 29 months. Those data suggest a possibility that overall unemployment in the Czech economy could start to increase in coming months. New orders rose by 4.2% yoy thanks to export orders and diminish skepticism from production figures. Also PMI improvement in June gives a hope. With lifeless domestic demand, the most important factor will be development in the Eurozone. Thanks to solid figures at the beginning of the year our forecast points to stagnation of the industrial output in 2012.


Váš názor
Na tomto místě můžete zahájit diskusi. Zatím nebyl zadán žádný názor. Do diskuse mohou přispívat pouze přihlášení uživatelé (Přihlásit). Pokud nemáte účet, na který byste se mohli přihlásit, registrujte se zde.
Aktuální komentáře

Související komentáře
Nejčtenější zprávy dne
Nejčtenější zprávy týdne
Nejdiskutovanější zprávy týdne
Denní kalendář hlavních událostí
Nebyla nalezena žádná data