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July 9, 2018 12:00 am | FILED UNDER: business

Industrial Production Fell 4% In May

By ČTK

Prague, July 9 (CTK) – Czech industrial output rise slowed down annually to 1.4 percent in May, down from 5.5 percent in April, with the production and distribution of energy contributing the most to the growth, the Czech Statistical Office (CSU) said today.

 

Industrial production, adjusted for seasonal effects, rose by 2.9 percent in monthly comparison.

 

This May had the same number of working days as last year’s.

 

The segment of electricity, gas, steam and air conditioning supply rose by 3.8 percent, the CSU said.

 

Production of computer, electronic and optical products increased by 9.4 percent.

 

On the other hand, production of motor vehicles, trailers and semi-trailers, and basic pharmaceutical products decreased by 1.3 percent and 9.2 percent, respectively.

 

The value of new orders in selected activities increased annually by 9.5 percent.

 

The car industry is one of the segments harming the industrial output, however, it is also a segment contributing significantly to the growth in new orders, CSU’s head of industrial statistics department Iveta Danisova said.

 

Sales from industrial activity at current prices decreased by 0.3 percent yr/yr.

 

The average number of employees in enterprises with 50+ employees rose annually by 1.6 percent in May. Their average gross monthly nominal wage increased by 8.5 percent to Kc35,751.

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