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.
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