Czech industrial production and construction down in January 2019

bne IntelliNews | March 19, 2019

Both industrial production and construction have been weakening since beginning of this year. Industrial production contracted by 1.1% and construction by 13.2% year-on-year in January 2019, according to data by the Czech Statistics Office (CSO) published on March 15. Seasonally adjusted industrial production fell by 1.3% month-on-month in January 2019, with the value of new orders increasing by 1.9 y/y.
Seasonally adjusted construction increased by 2.9% m/m, with approximate value of permitted constructions up by 17.3% y/y, mostly due to favourable weather conditions which enabled construction workers to carry out all types of construction work without any limitation, the Office reported.
A year-on-year decline in industry was caused mainly by production of motor vehicles, trailers and semi-trailers, which dropped by 6.9%. The most significant fall was recorded in automotive industry caused by production shutdowns, said the Head of the Office's Industry Statistics Department Iveta Danisova, the Czech News Agency reported.

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