Czech Republic: Industrial output contracts at milder pace in March
On a monthly basis, industrial production dropped 1.7% in seasonally adjusted terms in March, contrasting February’s 2.2% expansion.
Meanwhile, industrial output decreased 2.7% year on year in working-day adjusted terms in March, which contrasted February’s 0.7% increase. Accordingly, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.2% in March, down from February’s minus 0.8% reading.