ADVERTISEMENT

Czech industrial production decline slows in January

Automotive

Photo by Gorodenkoff / Shutterstock.com

The Czech Republic’s industrial production declined at a softer pace in January, latest figures from the Czech Statistical Office (CZSO) show. 

Photo by Gorodenkoff/Shutterstock.com

Industrial production fell 1.4% year-on-year in January, following a 3.3% decline in December. In November, output decreased 3%. 

Manufacturing output decreased 0.6% annually in January. Mining and quarrying output fell 2.9% and production of electricity, gas, steam and air condition declined 5.8%.

On a month-on-month basis, industrial production rose a seasonally adjusted 1.1% in January.

In a separate report the Prague-based statistics agency said that construction output in the country increased 6% year-on-year in January, accelerating from a downwardly revised 4.5% gain in the previous month, boosted by a jump in civil engineering works (18.9% vs 0.7% in December), CZSO said on March 12.

Hungary Crude Supply Secured With 'Temporary Solutions' Energy Trade

Hungary Crude Supply Secured With 'Temporary Solutions'

Hungary to Host Next EPC Summit Int’l Relations

Hungary to Host Next EPC Summit

New Tenants at Academia Offices Office Market

New Tenants at Academia Offices

Visitor Numbers, Guest Nights Climb in H1 Tourism

Visitor Numbers, Guest Nights Climb in H1

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.