Car makers curb decline in Czech industrial output
Car makers in November 2009 curbed the decline in Czech industrial output to the slowest pace since the country was hit by the global economic crisis a year ago, official data showed Thursday. Output fell by 0.1 percent on a 12-month basis last November, the best figure since September 2008, following a 7.2 percent decline last October, the Czech Statistical Office said.
The Czech Republic is home to car plants run by Volkswagen's unit Škoda Auto, Toyota and Peugeot-Citroen's joint venture TPCA and South Korea's Hyundai. Employment in the industrial sector dropped by 12.5 percent and sales fell by 3.1 percent against a year ago, but the value of new contracts rose by 8.0 percent, mainly owing to car producers, statisticians said.