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Financial News: Czech Industrial Production Falls Less Than Expected

Czech Industrial Production Falls Less Than Expected

01/10/2020 - 05:13:00 (RTTNews)

(RTTNews) - The Czech Republic's industrial production decreased less-than-expected in November and construction output continued to grow, figures from the Czech Statistical Office showed on Friday.

Industrial production fell a working-day adjusted 3.2 percent year-on-year after a 0.4 percent fall in October. Economists had forecast a 4 percent decline.

Manufacturing output also decreased 3.2 percent and production in the mining and quarrying sector tumbled 8.2 percent. Utility sector production fell 2.5 percent.

On a seasonally adjusted basis, industrial production fell 1.1 percent from the previous month.

Separate data from the statistical office revealed a 4.5 percent annual growth in construction output in November, following 0.3 percent growth in each of the previous two months.

Compared to the previous month, construction output grew a seasonally adjusted 1.2 percent

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