Czech Industrial Output Recovers in October
Industrial production in the Czech Republic rose a working-day-adjusted 1.9% year-on-year in October, reversing a 4.9% fall in the previous month, figures from the Czech Statistical Office (CZSO) showed on Thursday.
This marks the most robust growth in industrial activity since March of this year, following three consecutive months of decline, driven by stronger output from manufacturing (2.1% vs -3.7% in September). In particular, the manufacturing motor vehicles, trailers, and semi-trailers contributed 4.3 percentage points to the industry's growth, mainly influenced by a low comparison basis in car production.
Similarly, output produced in the utility sector grew 3.4%, in contrast to a 17.4% plunge in September. On the other hand, mining and quarrying output contracted sharply by 15.2%.
A separate report showed that construction output dropped 0.9% in October from the same month last year, following a 0.4% fall in the prior month.
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