Industrial production rises by annual 8.7 percent in March

Czech industrial production moved up a gear in March according to the latest figures from the Czech Statistics Office. Production was 8.7 percent higher than a year earlier compared with the 6.7 percent advance in February. The value of new orders was 16.6 higher in March than a year earlier with most of that demand coming from foreign firms but domestic demand also sharing a substantial slice of the new contracts.