Czech industry grows by 1.5% year-on-year in August after five months of decline

Industrial production in the Czech Republic rose by 1.5% year-on-year in August, marking growth after five months of decline, according to the Czech Statistical Office (ČSÚ). This follows a 1.9% decrease in July. The rise was influenced by the timing of company holidays in the automotive sector. Additionally, new orders increased by more than 10% year-on-year. Industrial production also saw a 1.8% month-on-month increase from July. Growth was primarily driven by the automotive sector, which recorded a 14.4% rise, along with gains in electronics and beverage production.