Czech January industrial production growth improves as expectedStaff writer ▼ | March 18, 2016
Czech industrial production growth improved as expected at the start of the year, after easing sharply in the previous month, figures from the Czech Statistical Office showed.
Czech Republic Slightly faster than the 0.7 percent increase in December
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. ■