Czech Industrial Production Falls at Slower Pace in August
Czech industrial production posted a slower decline in August, figures from the Czech Statistical Office (CZSO) showed on Monday.
Industrial output registered an annual fall of 1.7%, following a 2.8% drop in the previous month. Production continued to decline in mining & quarrying (-15.4% vs -19.5%) and electricity, gas, steam & air conditioning supply (-10.4% vs -15%).
Manufacturing output growth also shrank by 0.5% after a 1.1% slump in July, particularly in the categories of other non-metallic mineral products (-17.8% vs -18%) and textiles (-13% vs -13.3%). On a monthly basis, industrial output rose by 0.2%, rebounding from a 2.6% contraction in the prior month.
Data showed that new orders decreased 4.2 annually. Non-domestic new orders slid 3.4% and domestic new orders fell 5.5%.
In a separate report, the Prague-based agency said that construction output in the Czech Republic decreased an annual 0.2% in August, the second consecutive month of contraction in construction activity although easing from a 2.1% fall in the previous month. On month, construction output was 2% higher in August.
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