William Malcolm

Czech Industrial Output Falls Record 33.7% In April

Industrial output in the Czech Republic fell by 33.7% in April as factories closed due to the coronavirus.

The decline is the country’s most significant on record since 2001. The downturn hit across industries, but the impact on the auto industry was the greatest, with production falling by 80%.

New manufacturing orders dropped by 42%.

The decline in output contributed to the foreign trade deficit growing to 26.9 billion crowns.