The Czech Republic’s industrial production rose, while construction output decreased in December, data from the Czech Statistical Office showed on Monday.

Separate data showed that the trade balance swung to surplus in December as exports rose and imports increased.

Industrial production increased a working-day adjusted 0.5 percent year-on-year in December, following a 0.4 percent rise in November. Economists had forecast a 1.5 percent growth.

Manufacturing output gained 1.0 percent yearly in December.

Mining and quarrying output decreased 12.5 percent and electricity, gas, steam and air conditioning fell 0.3 percent.

On a monthly basis, industrial production rose a seasonally adjusted 0.2 percent in December.

Industrial new orders increased 11.2 percent year-on-year in December.

In the fourth quarter, industrial production rose 3.8 percent quarterly and grew 0.8 percent yearly.

In 2020, industrial production fell 8.0 percent.

Construction output decreased a working-day adjusted 12.4 percent annually in December.

On a seasonally adjusted basis, the construction output declined 2.0 percent monthly in December.

In the fourth quarter, construction output fell 1.9 percent quarterly and declined 10.3 percent from a year ago.

In 2020, construction output fell 7.7 percent.

Another report from the Czech statistical office showed that the trade balance registered a surplus of CZK 17.718 billion in December versus a deficit of CZK 8.225 billion in the same month last year. Economists had forecast a surplus of CZK 9.0 billion.

In November, the trade surplus was CZK 33.133 billion.

Exports rose 18.0 percent annually in December and imports grew 7.4 percent.

On a monthly basis, seasonally adjusted exports and imports decreased by 1.1 percent and 3.1 percent respectively, in November.

In 2020, trade surplus was CZK 190 billion. Exports and imports declined 4.5 percent and 5.9 percent, respectively.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.