Czech Industrial Output Growth Slows in July

Manufacturing

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Industrial output in the Czech Republic went up by 0.8% year-on-year in July, following an upwardly revised 2.7% rise in the previous month, the Prague-based Czech Statistical Office (CZSO) said on Tuesday.

It was the third consecutive month of growth in industrial activity, albeit the weakest in the current sequence, mainly due to softer increases in manufacturing (0.3% vs 2.3% in June) and mining & quarrying (4.9% vs 10.7%).

Output also rose at a slower pace for electricity, gas, stream, and air conditioning supply (5.4% vs 6.1%).

On a seasonally adjusted monthly basis, industrial production shrank by 0.3% in July, following an upwardly revised 1.7% rise in the previous month.

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