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Industry output unexpectedly rises in recovery sign

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Czech industrial output unexpectedly grew in August, exceeding all but one of economist forecasts and underpinning an economic recovery that’s keeping the central bank from starting currency interventions. Industrial output rose 1.6% from a year earlier, boosted by a 26.1% increase in car production, after 2.1% growth in July, the Czech Statistics Office in Prague said Monday.

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