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Czech Industrial Production Decline Slows In October

The Czech Republic's industrial production declined at a softer rate in October, figures from the Czech Statistical Office showed on Monday.

Industrial production fell 0.4 percent year-on-year in October, following a 0.9 percent decrease in September.

Manufacturing output declined 0.7 percent annually in October.

Mining and quarrying output declined 7.3 percent and production of electricity, gas, steam and air condition rose 3.8 percent.

On a monthly basis, industrial production fell 0.1 percent in October.

Separate data from the statistical office showed that the construction output decreased 0.3 percent annually in October, the same rate as seen in September.

On a month-on-month basis, the construction output fell 0.6 percent in October.

Another report from the Czech Statistical Office showed that the trade surplus decreased to CZK 7.2 billion in October from CZK 645.0 million in the same month last year. In September, trade surplus was CZK 22.7 billion.

Exports declined 3.2 percent annually in October and imports fell 5.5 percent.

On a monthly basis, seasonally adjusted exports fell 0.8 percent and imports rose 0.9 percent.

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