República Checa: Industrial output growth slows in April
Industrial output rose 1.2% year on year in working-day adjusted terms in April (March: +2.9% yoy). The reading was partly driven by a deterioration in manufacturing production. Meanwhile, electricity, gas, steam and air conditioning supply output dropped at a softer pace.
On a seasonally adjusted monthly basis, factory output fell 1.9% in April (March: +1.9% mom). Meanwhile, the trend improved, with the annual average growth of industrial production coming in at 3.2%, up from March’s 2.7%.