Czech industrial production growth moderated at a slower-than-expected pace in November, data from the Czech Statistical Office showed Monday.
Industrial production advanced an unadjusted 8.5 percent year-over-year in November, slower than October’s 10.5 percent surge, which was the strongest rate of increase in fourteen months.
Economists had expected the growth to eased to 5.7 percent.
Production in the utility sector alone surged 16.3 percent annually in November and manufacturing output grew by 8.0 percent. Meanwhile, mining and quarrying production contracted 6.6 percent.
On a monthly basis, industrial production increased a seasonally adjusted 3.7 percent in November.
Another report from the statistical office showed that construction output rose at a weaker pace of 1.9 percent yearly in November, following a 5.9 percent increase in the preceding month.
Month-on-month, construction output climbed 0.5 percent in November.
The material has been provided by InstaForex Company – www.instaforex.com
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
