Czech Industrial Output Growth Eases Sharply in November
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The Czech Republic's industrial production expanded at the slowest pace in four months in November, largely due to a plunge in utility output, data from the Prague-based Czech Statistical Office (CZSO) revealed on Friday.
Industrial production climbed a working-day adjusted 0.5% year-on-year in November, slower than the 3.1% rise in September.
Among sectors, manufacturing output advanced 2.3% yearly in November, while mining and quarrying production fell 3.6%. Meanwhile, electricity, gas, steam and air conditioning output showed a sharp fall of 13%.
On a monthly basis, industrial production rose a seasonally adjusted 3.1% in November. Data also showed that construction output decreased 0.8% yearly and by 0.3% monthly in November. Compared to the previous month, construction output was 0.3% lower.
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