Car makers in November 2009 slowed the decline in Czech industrial output to the slowest rate since the global economic crisis hit a year ago, official data showed on Thursday.
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Output fell 0.1% on a 12-month basis last November, the best figure since September 2008, following a 7.2% decline last October, AFP reported, citing the Czech Statistical Office said.
Adjusted to the number of working days, output fell by 2.5% as November 2009 was one day longer than
Car production leads Czech Republic industry and grew 21.5%, offsetting a 19.8% drop in machinery production.
Volkswagen unit Skoda, the Toyota-Peugeot-Citroen joint venture TPCA and Hyundai all have plants in the country.
Employment in the industrial sector dropped by 12.5% and sales fell by 3.1% against a year ago, but the value of new contracts rose by 8.0%, mainly owing to car producers, statisticians said.
