Industrial growth accelerates to 6.7 percent in February
Czech industrial growth accelerated in February to 6.7 percent year on year, according to figures released by the Czech Statistics Office on Monday; compared to January, the industry grew by 1.7 percent. The value of new orders rose by nearly 20 percent, mainly thanks to foreign demand. The growth is attributed mainly to the production of motor vehicles, metal construction as well as rubber and plastic manufacturing. Analysts say the latest figures confirm the continuing recovery of the Czech economy, and expect substantial manufacturing growth in the coming months as well.