Czech industrial output growth up at 16.9 percent in May

Czech industrial output rose by 16.9 percent in May year-on-year after 10.9-percent growth in April and the seasonally-adjusted figure was 0.1 percent higher on the month, according to figures published by the Czech Statistical Office on Friday. Manufacture of motor vehicles, trailers and semi-trailers was the greatest contributor to the annual growth, its rise at 26.6 percent. Manufacture of fabricated metal products was 25.1 percent higher and manufacture of basic metals soared by 47.7 percent. The biggest drop of industrial production was reported for manufacture of beverages, down by 14.4 percent. Revenues from industrial activity at current prices increased by 17.3 percent compared with May 2009.