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.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.