Bloomberg News

Czech April Output Beats Forecasts on Rising Auto Production

June 06, 2012

Czech industrial production rose more than forecast in April as the output of vehicles increased.

Industrial output increased 2.2 percent from a year earlier, after a revised 0.1 percent growth rate in March, the Prague-based Czech Statistics Office said in a statement published on its website today. The reading was better than the median forecast of 1.2 percent in a Bloomberg survey of 15 analysts.

The biggest contribution to growth came from the manufacturing of vehicles, which rose 8.3 percent from a year earlier, the statistics office said.

Industrial production data go against other signs showing a weakening of the economy in the second quarter. Manufacturing performed the worst in 33 months in May as new orders fell, according to the PMI index published June 1. Retail sales fell the most in two years in April, the statistics office said yesterday.

To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus