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.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
