Czech Republic: Industry picks up in February
April 10, 2015
In February, industrial production grew 4.5% over the same month last year, coming in above the 2.8% expansion observed in January. According to the Statistical Office, February’s expansion mainly came on the back of increased manufacture of vehicles as well as of electricity, gas, steam and air conditioning supply.
A sequential comparison shows that industrial production accelerated from a 0.3% rise in January to a 0.7% increase in February.
The trend continued to moderate as annual average growth in industrial production edged down from 4.7% in January to 4.5% in February, which marked the lowest rate in nine months.