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Analysts: Drop in demand in the east a risk for industry

In November 2014 industrial production in the Czech Republic fell by a real 0.4 % y/y according to ČSÚ. After adjusting for seasonal affects, industrial production was up 1.2 % m/m. Komerční Banka analyst Marek Dřímal said that industrial production should show growth of 3.9 % for 2014. It will slow this year to 3.1 % due to foreign influences. ING Bank economist Jakub Seidler is much more optimistic, expecting last year’s industry growth to total 5 %. The Industry and Transport Association is only slightly optimistic about the results.