Czech industrial output returns to growth

Czech industrial output returns to growth

Published at: 2019-11-07 09:04 | Author: CIJEurope.com
Industrial production rose 4.9 percent in September thanks to automobile output, though momentum in that key sector is now slowing. The result was an improvement from August's 3.8 decline, but warning signs over the economy's long-term prospects continue to surface. "Industry in the Czech Republic is doing relatively well," according to the Czech Statistics Office's industrial director Radek Majějka. He said that the construction sector also returned to growth in September (2.9 percent) following a fall of 3.7 percent in August. The booming housing market is continuing to drive the construction sector, with housing completions figures looking likely to surpass those of last year.

Similar Stories:

Hungary’s PMI falls to 29 points in March
Hungaryʼs seasonally-adjusted PMI reading fell to 29.1 points in March from 50.3 points t  »
Real income rose 5.6% for Czechs in 2019
Czechs enjoyed real income growth of 5.6 percent in 2019, the fastest pace over the course  »
Czech wage inflation slowing as teachers catch up
The average gross wage in the Czech Republic rose 6.7 percent in the last quarter of 2019  »
Drop in Czech air traffic warns of major airline losses
The Czech Air Navigation Services company says the number of planes flying to and over the  »
Poland failed to win the next Jaguar and Land Rover factory, on which the automobile giant   »
hat the problems of the sector were never going to come from that side of the development   »
But last year also marked another important deal for Poland, as Norges Bank Investment Man   »