Czech Republic: Industry decelerates in October
December 8, 2014
In October, industrial production rose 3.2% over the same month last year, which was well below the 8.6% increase observed in September. Last month’s figure was influenced by a strong base effect. According to the Statistical office, October’s increase came on the back of expansions in the manufacturing as well as electricity sectors.
A sequential comparison shows that industrial production fell 0.5% in October, which contrasted the 5.0% expansion observed in the previous month. Annual average growth in industrial production was stable at September’s 5.4% in October.
Author: Dirina Mançellari, Senior Economist