Czech Industrial Output Shrinks in July
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The Czech Republic's industrial production contracted for the first time in six months in July as output declined in all subsectors, data from the Prague-based Czech Statistical Office (CZSO) on Wednesday show.
Industrial production dropped a working-day adjusted 2.8% year-on-year in July, reversing a 0.9% rise in the previous month.
Mining and quarrying output fell the most by 19.5%, versus a 28.8% slump in June.
This was followed by a 15% decline in output in the segments of electricity, gas, steam, and air conditioning supply. Manufacturing output decreased at a comparatively lower pace of 1.1%.
On a monthly basis, industrial output shrank by 2.6%, down from a 0.9% hike in the prior month.
A separate report also showed that the country's construction output contracted 2.1% annually in July, while it was 3.8% lower compared to last month.
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