Czech industrial production rises in December
The Czech Republic's industrial production rose, while construction output decreased in December, data from the Czech Statistical Office (CZSO) showed on Monday.
Industrial production increased a working-day adjusted 0.5% year-on-year in December, following a 0.4% rise in November. Manufacturing output gained 1% yearly in December. Mining and quarrying output decreased 12.5% and electricity, gas, steam and air conditioning fell 0.3%. On a monthly basis, industrial production rose a seasonally adjusted 0.2% in December. Industrial new orders increased 11.2% year-on-year in December.
In the fourth quarter, industrial production rose 3.8% quarterly and grew 0.8% yearly. In 2020, industrial production fell 8.0%. In a separate statement the Prague-based statistics agency said that the country's construction output decreased a working-day adjusted 12.4% annually in December. On a seasonally adjusted basis, the construction output declined 2% monthly in December. In the January-December period of 2020, construction output fell 7.7%.
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.