NORDIC CHAMBER Press Archive
Industry accelerated to 7.2%
(CIANEWS) - Industrial production grew by 7.2% y/y in real terms in August 2022, picking up from July's revised 0.9% pace. According to the Czech Statistical Office, the higher dynamics was mainly influenced by a low comparative base in motor vehicle production. In machinery and equipment production, the increase in demand has been evident for a longer period of time. By contrast, a decline has been recorded in some energy-intensive sectors, such as basic metals, metallurgy, and foundry production. The value of new orders increased by 18.7% y/y. On a month-on-month basis, industrial production was 0.8% higher.