Industrial output rises by 3.4 percent in May

Czech industrial production rose by 3.4 percent year on year in May, slowing from April’s 12.2 percent increase, the Czech statistical office said on Tuesday. In the manufacturing sector, the biggest output gains were in the machinery and transport equipment sectors. Production of food, drinks and textiles fell. New orders in May stood at 98.1 percent of their level a year earlier, with exporters complaining that they are losing market share following the recent surge in the value of the Czech crown against both the euro and the dollar.

Author: Rosie Johnston