ADVERTISEMENT

Czech Industrial Output Decline Worsens in May

Manufacturing

The Czech Republic's industrial production declined a working-day-adjusted 3.2% year-on-year in May, much faster than the 0.4% drop in April, data from the Czech Statistical Office (CZSO) revealed on Monday.

Among sectors, manufacturing output contracted 4.0% from last year, while mining and quarrying output managed to recover by 0.3%.

The most positive contribution came from the utility sector, where production advanced by 7.0%. Data showed that construction output decreased 6.8% annually in May versus only a 0.2% fall a month ago. On a monthly basis, industrial output shrank by 2.2% in May.

Separate data from the Prague-based agency showed that construction output in the Czech Republic slumped 6.8% year-on-year May, slipping further from a downwardly revised 0.2% drop in the previous month.

Categories of modifications to multi-dwelling buildings and non-residential buildings contributed to the decrease, whereas the number of newly completed family houses and m ulti-dwelling buildings increased, the statistics agency said. On a monthly basis, construction activity was 5.1% lower in May. 

Number of Doctors per 10,000 Inhabitants Reaches 44 Figures

Number of Doctors per 10,000 Inhabitants Reaches 44

Viktor Orbán Visits Donald Trump in Florida Int’l Relations

Viktor Orbán Visits Donald Trump in Florida

Hungarian Unis Advance in QS Ranking Science

Hungarian Unis Advance in QS Ranking

White Party at The Duchess Coming This Weekend Drinks

White Party at The Duchess Coming This Weekend

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.