Czech industrial production growth advances at slower pace than expected

© Scanpix/FP

The Czech Statistical Office announced slower industrial production growth in January. The industrial production advanced 5.5%, while most of the analyst expected the production to grow 6.7%. In previous month it rose 9.3%, the strongest development in almost three-year time. The biggest drop was experienced in manufacturing output, which slowed down from 11.8% to 7.6% in January.