Czech industrial production declines in February
The Czech Republic's industrial production and construction output decreased in February, data from the Czech Statistical Office (CZSO) showed on Thursday.
Manufacturing output fell 3.1% year-on-year in February. Mining and quarrying output decreased 2.9%, while electricity, gas, steam and air conditioning rose 1.5%. Industrial new orders, meantime, increased 6.7% yearly in February.
On a monthly comparison basis, industrial production fell a seasonally adjusted 2.0% in February. In a separate report, the Prague-based statistics agency said that construction output slipped 11% from a year earlier in February, following a 5.2% slump in the previous month. It was the 11th consecutive month of falling construction activity amid the ongoing pandemic crisis.
On a monthly basis, construction output fell 3%.
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