Industrial production down in March

Czech industrial production dropped by 1.1 percent year-on-year in March, after a ten month climb, according to data published by the Czech Statistics Office on Monday. Economists had expected a 0.6 percent drop for the month.

Construction output dropped 0.3 percent yearly in March, in contrast to a 9.4 percent surge in February. The decrease is ascribed to a drop in car production and the fact that March had two fewer work days than last year.