June industrial output down by 3 percent year-on-year

Czech industrial output fell by 5.3 percent at constant prices year-on-year in June after a 2.2 percent drop in May, the Czech Statistical Office said on Tuesday. Month-on-month, seasonally adjusted industrial output dropped by 0.9 percent in June. The floods that hit the Czech Republic in early June caused a 0.2 percentage point drop in industrial production, according to the CSU's estimate.