Czech Republic: Industrial production falls again in September
November 6, 2019
Industrial production contracted 0.6% year-on-year in working day-adjusted terms in September, which followed a 1.2% dip recorded in August. The fall was largely driven by a decline in manufacturing output, particularly of machinery and equipment, and of computer, electronic and optical products. Notably, production in the automotive segment held solid, despite weak German car production. Meanwhile, the electricity, gas, steam and air conditioning supply, and the mining and quarrying industries continued to contract in September.
In seasonally-adjusted month-on-month terms, industrial output rose 0.8% in September, following the 0.2% increase logged in August. Lastly, annual average growth in industrial production edged down to 0.7% from 0.9% in the previous month.
Author: Javier Colato, Economist