Industrial production drops by 17.5 percent in March

Czech industrial production fell by 17.5 in March compared with the same month a year earlier according to preliminary figures released by the Czech Statistical Office. Adjusted to take into account the two extra working days in March, the production fall is estimated at 20.9 percent. Production fell by 23.4 percent in February. The value of new orders of the books of companies fell by 16.7 percent in March compared with a year earlier.