Czech Republic: Industrial production slows in May
July 7, 2015
Industrial production increased 2.0% year-on-year in May, which marked the lowest value in six months and was a slowdown compared to the 4.3% expansion registered in April. May’s expansion mainly reflected that increases in the manufacture of motor vehicles, electrical equipment as well as rubber and plastic more than offset a contraction in the production of electricity, gas, steam and air conditioning supply.
A month-on-month comparison showed that industrial output in May contracted 0.5% in seasonally-adjusted terms, which contrasted April’s 0.8% expansion.
The trend stabilized as annual average growth in industrial production in May remained at April’s 4.2%.