Industry grows 1.4%, automotive up, power generation down

(CIANEWS) - Industrial production in real numbers grew by 1.4% on the year in May 2023. The value of new orders dropped by 4.4%. New orders from abroad decreased by 4.7%, and local orders were 3.9% lower. Czech Statistical Office Agriculture and Forestry, Industry, the Construction Sector and Power Energy department director Radek Matějka said that growth was recorded both by automobile and spare parts production. Planned shutdowns and lower production of coal-fired power plants affected the decrease in electricity, gas and heat generation. According to Eurostat data for April, industrial production in the EU27 grew by 0.1%. The Czech industry increased by 1.2%, Slovak industry dropped by 2.0%.



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