Czech January industrial production growth improves as expected
Industrial production rose 1.0 percent year-over-year in January, in line with expectations, slightly faster than the 0.7 percent increase in December. Production has been rising since December 2014.
On a working-day-adjusted basis, industrial production grew 3.5 percent in January from a year ago.
Production in the manufacturing sector advanced 2.5 percent annually in January, while mining and quarrying and output fell by 2.1 percent. Production in the utility sector registered a decline of 6.0 percent.
Month-on-month, industrial production rose a seasonally adjusted 3.7 percent in January.
Separately, the statistical office announced that construction output plunged 10.4 percent yearly in January, reversing a 3.3 percent decrease in the preceding month. It was the first decrease in three months.
Monthly, construction output increased a seasonally adjusted 0.9 percent at the beginning of the year. ■
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