Czech industry grows for first time since May 2019

Industrial production grew by 1.3 percent year-on-year

editor: REMIX NEWS
author: Czech News Agency

Industrial production in the Czech Republic grew by 1.3 percent year-on-year in October, marking the first time the country has seen growth since May 2019.
According to the Czech Statistical Office, car production helped pull the Czech industry out of more than a year of decline.
The industry has been declining year-on-year for 16 months in a row. It was about t2 percent in September, but in April, during the first wave of coronavirus, the decline was more than a third.
“Unlike the construction industry, the second wave of coronavirus has not yet significantly affected the industry,” said Radek Matějka, director of the Industry Statistics department.
The reason for better development is mainly the automotive segment.
“It is trying to catch up, at least in part, with the spring outage in production,” Matějka said. In October, car production increased by almost 14 percent year-on-year.
Title image: Cars are parked in front of the Skoda car factory as it reopens in Mlada Boleslav, Czech Republic, Monday, April 27, 2020. The factory was closed since March 18, in efforts to stem the spread of the coronavirus. (AP Photo/Petr David Josek)


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