Czech Industrial Production Slightly Decreased in 2012

Business › Economy ♦ Published: February 7, 2013; 13:57 ♦ (Vindobona)

Industrial production slightly decreased in 2012 after two years of growth. The year-on-year decrease started in the Q2 and gradually deepened in the following periods.

Czech Industrial Production Slightly Decreased in 2012 / Picture: © Vindobona.org

From the point of view of the entire year, only five divisions of manufacturing industry reported growth. One of the reasons for the decrease was the domestic demand (that continued to decrease) together with weakened demand from abroad as a result of slackening of the economic growth in member states of the European Union.

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