Analysts: Slow in industrial output growth sign of looming recession

Year-on-year growth in industrial output in Czechia slowed to 0.8 percent in July from 2.7 percent in June, according to official data. Analysts believe this is evidence of an impending economic recession, the Czech News Agency reported.

The foreign trade deficit in July was CZK 22.8 billion, almost doubling year-on-year.

Construction output fell in real terms by 2.7 percent year on year in July, following over a year of growth.