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The OCD will announce the September results of industry, construction and trade



update: 05.11.2018 21:19
published:

Prague – The Czech Statistical Office will announce the results of industry, construction and foreign trade today in September. Industrial and construction production slowed down in August, and the drop in foreign trade declined.

The second-month holiday industry declined 1.9 percent year-on-year, compared with July's 10.3 percent, manufacturing and manufacturing cars declined in the chemical and pharmaceutical industries. According to analysts, a timetable for big business holidays was signed. But analysts expect slower industrial activity over the next few months due to lack of work and rising wage costs.

Construction grew by 11.9 percent in August, as compared to the same period last year, but grew by 15.8 percent a month earlier. Growth was mainly due to engineering and building construction, while the problem was, according to analysts, the decline in the number of dwellings that begin to build.

Foreign trade, whose surplus in August declined on an annual basis from 2.6 billion to 2.3 billion crowns, experts said, negatively affecting the fall in demand for cars in Western Europe. Domestic export tax has also begun to extract uncertainty about brexitis. In August, the trade balance saved the growing exports of computers, electronics and optical devices. Foreign trade this year, according to economists, will not be the driver of the Czech economy as in recent years.

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