Czech industrial production growth slows in July

Manufacturing

The Czech Republic's industrial production rose a working-day adjusted 7% year-on-year in July, after a 11.1% growth in June, data from the Czech Statistical Office (CZSO) showed on Monday.

Manufacturing output gained 6.8% yearly in July. Mining and quarrying output increased 24.0% and electricity, gas, steam and air conditioning rose 5.3%.

On a monthly basis, industrial production rose a seasonally adjusted 2.1% in July. In a separate report, the Prague-based statistics agency said that construction output in the Czech Republic edged up 0.5% from a year earlier in July, slowing markedly from a downwardly revised 6.5% hike in the previous month.

It was the third consecutive increase in construction activity, solely underpinned by growth in civil engineering works, while construction of buildings declined. On a monthly basis, construction output fell 2.6%. 

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