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Czech output drops 33.7% in April amid coronavirus outbreak

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Czech working-day adjusted industrial output fell by 33.7% year-on-year in April amid the worst of the coronavirus outbreak when major factories shut to prevent the spread of the disease or were hit by a huge drop in orders. The fall was the largest in records going back to 2001 and was bigger than expected by a Reuters poll of analysts which forecast a 25.0% decrease.

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