Czech Republic: Industrial production contracts in August
Industrial production contracted 1.2% year-on-year in working day-adjusted terms in August, contrasting the mild 0.1% increase recorded in July. August’s downturn was largely driven by a dip in manufacturing-sector output, particularly of computer, electronic and optical products and of basic metals. Moreover, the electricity, gas, steam and air conditioning supply, and the mining and quarrying industries continued to contract in August.
In seasonally-adjusted month-on-month terms, industrial output fell 0.1% in August, contrasting the 0.7% rise logged in July. Lastly, annual average growth in industrial production slid from 1.2% in July to 0.9% in August.