Lack of labor fails to hurt Czech industrial output

Lack of labor fails to hurt Czech industrial output

Published at: 2018-08-08 11:35 | Author: CIJEurope.com
Manufacturing companies have been complaining for over a year that the Czech Republic is running out of labor and that the problem is hurting prospects for growth. And yet, June's industrial output numbers, which showed 3.4 percent, exceeded May's positive growth of 1.4 percent. Consumer sales even managed to jump from just 2 percent in May to 5 percent, with sales in the online sector jumping nearly 16 percent. And while the pace of growth in the construction sector may have only slowed, 7.5 percent growth is an impressive result. The Czech Statistics Office, which released the data yesterday, writes that the number of apartment starts rose by 0.6 percent to 2632.

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