Czech industry grew by 3.3 percent year-on-year in May

After three previous months of decline, industry in Czechia grew year-on-year by 3.3 percent in May, the Czech Statistics Office announced on Thursday. The construction sector grew by the same number in May, following a 4 percent decrease in the previous month.

The growth was largely thanks to an increase in automobile production, which grew by 9.8 percent when compared with the same month last year, and land construction, which grew by 3.5 percent when compared to the same period. Meanwhile, transport vehicle production saw a significant fall in May, down by 28 percent. According to the Czech Statistics Agency this sharp fall in statistics was largely due to a high comparative base. When it comes to international trade, Czechia saw a deficit of CZK 23.3 billion in May. The last time that the country's international trade was in surplus was in January.