Industrial production posts exemplary growth in Feb

14 Apr '08

2 min read

Industrial output of Czech Republic, increased by 11.3 percent in February 2008, as against 9.1 percent of January in the same year.

The growth was brought about mainly due to increased production of machinery and equipment among others.

In contrast to this, a decline was registered in the manufacture of textiles and textile products among others.

Besides, seasonally adjusted industrial production marked an increase of 1.2 percent compared to January 2008.

Seeing the present recession in US growth, the experts believe that a further rise in industrial production will be a positive sign.

A major contribution to the revenues from industrial activity was made by the production of machinery and equipment among others. Even the number of employment registered a growth in this sector while textile and leather industry evinced negative results.

The value of new industrial orders in a few selected activities reached Kc162.7 billion of which non-domestic new industrial orders made up Kc104.3 billion.

Even here, machinery and equipments grew the most in non-domestic industrial new orders.

Czech industry closed last year with a real growth marked at 8.3 percent and for the present year expert have discerned a year on year decline in demand. Industrial production for this year is expected to get lowered by 5 percent.

Adjusted industrial production in the EU27 rose by 3.5 percent in January compared to the previous year. Highest increase were recorded in Poland(+10.7 percent), Lithuania (+8.5 percent) and Slovakia (+8.4 percent).