Czech industrial production continues to fall in May
Photo by Nataliya Hora / Shutterstock.com
The Czech Republic’s industrial production decreased further in May, the latest data from the Czech Statistical Office (CZSO) shows. Industrial production declined a working-day adjusted 25.7% year-on-year in May, following a 33.7% fall in April.
Robots at the Skoda Auto in Mlada Boleslav. Photo by Nataliya Hora / Shutterstock.com
Manufacturing output declined 26.7% yearly in May. Mining and quarrying output decreased 20.4% and electricity, gas, steam and air conditioning fell 17.2%. Automobile production dropped by 45.2%.
On a monthly basis, industrial production declined 13.8% in May. Industrial new orders decreased 34.7% year-on-year.
Separate data from the Prague-based statistical office showed that the construction output decreased a working-day adjusted 7.6% annually in May. On a seasonally adjusted basis, construction output fell 2.9% monthly in May, CZSO said on July 7.
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