Czech industrial production down by 8.1 percent in August

Czech industrial production fell by 8.1 percent in August compared with the same month a year earlier according to preliminary figures released by the Czech Statistical Office on Thursday. In July, the fall was 18.2 percent. New orders were down by 13.8 percent in August compared with August 2008, the office added. Most analysts have greeted the figures as surprising good, indicating that industry is stabilising after its dramatic falls due to the economic crisis.