Thursday, 6 November 2025
The latest monthly data from the Czech Statistical Office reveal a varied picture of the national economy in September, with export activity improving, construction output rising, and industrial performance showing only limited gains.
Czech exporters ended September with a higher trade surplus compared with the same month last year. The improvement came largely from stronger sales of cars and machinery, which more than offset increased imports of electronic components. Trade with other EU member states remained the key driver of this positive balance, while the deficit with non-EU partners widened slightly.
Over the first nine months of 2025, total exports grew modestly, supported by steady foreign demand, while imports rose at a similar pace. Analysts note that despite a year-to-date surplus, the pace of export growth has slowed compared to 2024, reflecting a more challenging environment for manufacturers.
Industrial production edged up only slightly from last year’s levels, pointing to a stabilisation after several months of uneven performance. Growth was recorded in machinery, electrical equipment, and rubber manufacturing, while production in energy and automotive sectors weakened. Orders for future industrial output increased, especially from foreign markets, but overall employment in the sector continued to decline.
Manufacturers continue to face rising costs and a slower recovery in some key export destinations, limiting broader expansion. However, improved order books suggest the sector may see more activity in the final quarter of the year.
Construction output increased sharply compared to the same month of 2024, driven by both building and infrastructure projects. Civil engineering activity – including roads and public works – contributed most of the growth. However, a drop in new permits and fewer housing starts indicate that some of this strength could ease in the coming months.
Despite these warning signs, the completion of housing projects surged, suggesting that developers are focusing on finalising ongoing work before committing to new ones.
September’s data highlight a resilient but uneven Czech economy. Stronger exports and a buoyant construction sector contrast with slower industrial growth and declining employment in manufacturing. Economists suggest that while external demand continues to support overall performance, domestic investment and labour dynamics will determine whether growth can regain momentum toward the end of 2025.
Source: CSO – All figures are preliminary and subject to revision.
