August 8, 2023
June witnessed the Czech Republic’s fifth consecutive month of industrial production growth, propelled by robust manufacturing, according to data from the Czech Statistical Office.
A distinct shift in foreign trade balance emerged in June, transitioning from a deficit to a surplus, with exports surging and imports declining.
While industrial production rose by 0.9% YoY in June, the pace was slightly slower than May’s 1.4% upturn.
Manufacturing displayed a 3.2% annual growth in June, a slight dip from the 3.5% increase observed in May.
In contrast, mining and quarrying nosedived by 29.7%, and electricity, gas, and other utilities dropped by 19.2%.
Construction, however, marked a 1.0% yearly and 2.5% monthly advance in June.
Separately, the Czech Statistical Office revealed that the trade balance shifted from a CZK 15.2 billion deficit in June last year to a CZK 14.2 billion surplus this June.
Exports exhibited a 1.1% annual rise, while imports plummeted by 7.2%.
Monthly figures showed exports and imports increasing by 0.7% and 0.4%, respectively, after seasonal adjustments.
Source: RTT News
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