Czech Republic: Softest decline in industrial output in seven months in September
Industrial production declined 1.5% year-on-year in working-day adjusted terms in September, which followed August’s 5.5% drop and marked the softest fall since February. Meanwhile, the trend steadied, with the annual average variation of industrial production coming in at August’s minus 8.6% in September.
September’s improvement was driven by a much softer contraction in the manufacturing and mining and quarrying sectors, which more than offset a sharper downturn in the electricity, gas, steam and air conditioning supply sector.
On a monthly basis, industrial production jumped 4.1% in seasonally-adjusted terms in September, contrasting August’s 0.9% decrease.