Czech Republic: Industrial output expands at quickest pace since February in July
Latest reading: Industrial output rose 0.9% month-on-month in seasonally adjusted terms in July (June: -1.3% mom s.a.). The print marked the best reading since February. Looking at the details of the release, electricity, gas, steam and air conditioning supply output accelerated in July, while manufacturing output decreased.
On an annual basis, industrial output rose at a faster rate of 1.8% in calendar-adjusted terms in July (June: +0.2% yoy). Meanwhile, annual average industrial production growth rose to 0.4% in July (June: +0.1%). This signals an improving trend in the industrial sector.