Czech Republic: Industrial output jumps on low-base effect in March
May 7, 2021
Industrial production soared 14.9% year-on-year in working-day adjusted terms in March, which contrasted February’s 2.6% drop and benefited from an extremely low-base effect as March 2020 was the first month of the Covid-19 pandemic. Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 4.9% from February’s minus 7.2%.
On a monthly basis, industrial production rose 3.2% in seasonally-adjusted terms in February, swinging from February’s 2.0% decrease.