Czech Republic: Industrial production loses momentum in December
Latest reading: Industrial production was up 0.4% on a seasonally adjusted month-on-month basis in December, following a 2.4% increase in the prior month.
Relative to the prior month’s data, readings in December softened for manufacturing (+0.8% in seasonally adjusted month-on-month terms vs +2.4% in November) and electricity, gas, steam and air conditioning supply (-4.2% vs +2.7% in November). In contrast, the reading for mining and quarrying improved in December (+7.0% vs -4.9% in November).
In working day adjusted year-on-year terms, industrial production rose 3.8% in December, following 5.8% growth in the prior month.