Czech output fall slows in March

Czech industrial output fell for the sixth time in a row in March on a 12-month basis, but the pace slowed down to 17 percent from 23.4 percent in February, official data showed on Tuesday. On a monthly basis, output slid by 0.2 percent. Car production continued to decrease with a 14.3 percent fall on the year, metal production fell by 32.1 percent and machinery output dropped by 26.1 percent. Poland, Hungary and Slovakia have also reported slower declines in industrial output for March, indicating that the worst of the crisis is over.