Czech industrial production slows in November
Photo by Kzenon/Shutterstock.com
The Czech Republic’s industrial production decreased less-than-expected in November and construction output continued to grow, figures from the Czech Statistical Office (CZSO) show.
Photo by Kzenon/Shutterstock.com
Industrial production fell a working-day adjusted 3.2% year-on-year after a 0.4% fall in October. Economists had forecast a 4% decline.
Manufacturing output also decreased 3.2% and production in the mining and quarrying sector tumbled 8.2%. Utility sector production fell 2.5%.
On a seasonally adjusted basis, industrial production fell 1.1% from the previous month.
Separate data from the Prague-based statistical office revealed a 4.5% annual growth in construction output in November, following 0.3% growth in each of the previous two months.
Compared to the previous month, construction output grew a seasonally adjusted 1.2%, the CZSO said in a statement released on January 10.
ADVERTISEMENT
MNB Stresses Importance of 'Conservative' Dividend Policy to...
Poland Jobless Rate Unchanged in October
DHL Supply Chain Relocates Domestic Operation to Páty
More Guest Nights y.o.y. for Year-end
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.
