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%.
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.