Czech Industrial Output Shrinks in September
Czech industrial production shrank for the third consecutive month to 5% year-on-year in September, slipping further from a 1.7% drop in the previous month, figures from the Prague-based Czech Statistical Office (CZSO) showed on Monday.
It was the steepest contraction in industrial activity since October 2021, as output continued to decline for manufacturing (-3.8% vs -0.5% in August), mainly dragged down by manufacture of other non-metallic mineral products (-14.3%) and manufacture of textiles (-12.3%).
At the same time, output fell at a faster pace for electricity, gas, steam & air-conditioning supply (-17.4% vs -10.4% in August).
Meanwhile, output decreased less for mining & quarrying (-6.6% vs -15.4%). On a monthly basis, industrial production tumbled 1.8% in September, following a 0.2% increase in the previous month.
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