Czech Republic: Decline in industrial output eases again in July
Industrial production declined 5.0% year-on-year in working-day adjusted terms in July, which followed June’s 10.5% slump. Accordingly, the trend pointed down, with the annual average variation of industrial production coming in at minus 9.3%, down from June’s minus 7.9%.
July’s improvement was driven by a softer contraction in manufacturing. Meanwhile, mining and quarrying output fell at a sharper pace than in June, while growth in the electricity, gas, steam and air conditioning supply sector remained virtually unchanged.
On a monthly basis, industrial production expanded 5.7% in seasonally-adjusted terms in July, down from June’s 15.5% surge.