Fall in Czech industrial output seen in 2023, slow recovery expected

Industrial output declined by 0.4 percent in Czechia last year, according to data from the Czech Statistics Office published on Tuesday. The 2022 result was the worst seen since 2020, a year impacted by restrictions aimed at containing the Covid-19 pandemic.

Analysts say they expect industrial output to grow only slowly this year, predicting growth of 2 percent for 2024.