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Czech industrial production falls more than expected

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The Czech Republic’s industrial production dropped at a faster-than-expected rate in June, the Czech Statistical Office showed on Tuesday.

Industrial production dropped 3.8 percent year-on-year in June, reversing a 3.2 percent rise in May. Economists had expected a 2.6 percent fall.

Manufacturing output declined 3.4 percent annually in June, after a 3.1 percent increase in the preceding month.

On a monthly basis, industrial production fell 2.8 percent in June.

Separate data from the statistical office showed that the construction output grew 2.4 percent annually in June, following a 0.2 percent rise in the preceding month.

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