February’s industrial production figures confirmed that the cyclical recovery of the Czech industry is continuing. Growth was widespread. The computer and optical equipment manufacturing sector performed well, as did the automobile industry. However, electricity production was negatively affected by planned outages. The construction sector also posted solid results in February. The yoy improvement was primarily driven by building construction, while growth momentum weakened in civil engineering. Domestic retail sales (excluding car sales) stagnated in February after a period of strong growth in the previous two months. Czech foreign trade fell short of expectations. Nevertheless, it remained in solid surplus. Overall, February data confirmed the ongoing gradual recovery of the domestic economy. However, the current energy crisis poses a risk to future developments.