November’s industrial output down by 3.9 pct

Czech industrial output decreased in November by 3.9 percent year-on-year, according to data released by the Czech Statistical Office on Monday. After seasonal adjustment, industrial production dropped by 6.2 percent compared to November 2011. That’s the biggest decline in the country’s industrial production since September 2009. Analysts say the fresh data confirm the weak state of the Czech economy which has been in recession for over a year.

Author: Jan Richter