Czech Republic: Industrial production drops in April
June 7, 2017
Czech industrial production fell 2.5% year-on-year in April, strongly contrasting the 10.2% expansion registered in March. The reading reflected a downturn in manufacturing—due in large part to lower production of motor vehicles, trailers and semi-trailers— which more than offset a turnaround in the electricity, gas, steam and air conditioning supply sector and stronger growth in the mining sector. It should also be noted that April 2017 contained three working days less than the same month of the prior year, weighing on the final figure.
A month-on-month comparison showed that industrial output expanded 0.6% in seasonally adjusted terms in April, which contrasted March’s 0.3% decline. Nevertheless, annual average growth in industrial production decreased from 4.6% in March to 4.0% in April.