Czech Republic: Industrial output records largest drop in six months in April
Industrial output dropped 3.8% year on year in working-day adjusted terms in April (March: -1.3% yoy). The result largely reflected a dive in manufacturing output. In addition, mining and quarrying output contracted.
On a monthly basis, industrial production fell 8.2% in seasonally-adjusted terms in April, contrasting March’s 13.9% expansion. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 1.7% in April, down from March’s 5.3% reading.