RTTNews - Tuesday, the Czech Statistical Office said in a preliminary report that the industrial production decreased 21.7% year-over-year in May, compared with a 22.1% fall in the previous month. Economists were looking for a decline of 18%.
After adjusted for working day and calender effects, industrial production decreased 19.8% in May over a year ago.
Industrial sales dropped 23.2% annually in May, while direct export sales were down 23.4%. At the same time, industrial new orders value fell 27.6% and non-domestic orders dipped 26.7%.
Meanwhile, registered employment in enterprises with 50 or more employees declined 12.5% in May, while the average wages grew 1.6%.
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