Czech Industrial Growth Slows in April

Analysis

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Czech industrial production growth slowed to 1.2% year-on-year in April from an upwardly revised 2.9% in the previous month, data from Czech Statistical Office (CZSO) showed on Tuesday.

Production eased in the manufacturing sector (2.2% vs 5.9% in March), particularly motor vehicles, trailers & semi-trailers (29.9% vs 45.9%) and repair & installation of machinery & equipment (9.4% vs 16.1%).

On the other hand, output continued to slump in mining & quarrying (-7.3% vs -18.4%) and electricity, gas, steam & air conditioning supply (-6.4% vs -18%).

On a monthly basis, industrial production fell by 1.9%, following an upwardly revised 1.9% growth in March.

In another report, the Prague-based agency said that construction output in the Czech Republic shrank 6.4% year-on-year in April, after an upwardly revised 2.6% decrease in the previous month.

On a monthly basis, construction output fell 3.4% in April.

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