Czech industry declined by 0.3 percent in February

February saw Czech industry decline by 0.3 percent year-on-year, according to data published by the Czech Statistics Agency on Wednesday. The Czech manufacturing sector is primarily being affected by problems in the car sector as well as issues in other parts of the economy.

The contraction comes after a period of growth in January, which saw industry rise in year-on-year terms by 1.2 percent. In month-on-month terms industry therefore contracted by 2.4 percent in February.