Czech industrial production up in September

14/11/2011 00:00 AST

According to figures released by the Czech Statistical Office, Czech industrial production rose by 2.5% YoY in September 2011 as compared with the same month a year earlier, slowing from the annual growth rate in August 2011.

Compared with August 2011, production was 0.1% higher. But there was better news from the state of order books with the value of new orders up 2.6% as compared with September 2010. In August 2011, new order were down 3.4%, fueling fears that the Czech Republic was going to be hit hard by a fall off in demand sparked by recession and worries about the implosion of the single currency euro zone.

Car production and rubber and plastics manufacturing led September’s industrial production advance. However, there was a sharp drop in production of computer, electronics and optical equipment, traditionally one of the country’s most significant manufacturing sectors.

New orders overwhelming came in from abroad, where there was a 12.7% rise in value terms as compared with September 2010 while domestic demand fell by 12.4%. The broader picture for the third quarter of the year shows Czech industrial production up 4.2% as compared with the same period in 2010.

In August 2011, industrial production rose by 5.9% YoY and by 3.5% when working days are taken into consideration.


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