Czechia’s industrial production grew at third highest rate in EU during May

Seasonally adjusted industrial production in EU and Eurozone states exceeded expectations in May, rising by 0.6 percent and 0.8 percent respectively in month-on-month terms, according to Eurostat estimates.

In Czechia, May production rose by 2.4 percent, which was the third highest level of growth registered among member states, after Ireland and Greece. Meanwhile, the biggest decrease was registered in Lithuania, the Netherlands and Luxembourg.

When it came to EU-wide growth, especially noticeable was the rise in production of capital goods (up by 2.5 percent) and non-durable consumer goods (up by 2.1 percent). Meanwhile, energy production fell by 3.5 percent, according to Eurostat.