Czech industrial production growth slows in July
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%.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.