Czech Republic: Industrial production rebounds strongly in November
January 9, 2017
Industrial production in the Czech Republic jumped 7.0% year-on-year in November, which contrasted the 1.7% contraction registered in October. The reading mainly reflected expansions in the manufacturing of motor vehicles, trailers and semi-trailers and of electricity, gas, steam and air conditioning supply. In contrast, manufacturing of basic pharmaceutical products and pharmaceutical preparations as well as mining and quarrying decreased.
A month-on-month comparison showed that industrial output grew 1.7% in seasonally-adjusted terms in November, which contrasted October’s 0.3% decrease. As a consequence of November’s increase, annual average growth in industrial production inched up from 2.8% in October to 2.9% in November.