Czech output falls in August, but by less than in previous months

Czech industrial output slid in August by 8.4 percent year-on-year, the Czech Statistical Office said on Monday. This was the slowest decrease since October 2008, statisticians said; in July, output fell at an annual rate of 18.2 percent. The improvement in figures was due to a pick-up in car production, which grew by 17.7 percent year-on-year in August. Analysts said that last month’s figures looked ‘promising’, but warned that output may fluctuate further over the months to come. In August, industrial sales fell by 12.7 percent against a year ago while the value of new orders was 13.6 percent lower as the global downturn continued to take its toll.

Author: Rosie Johnston