Sumary of Czech Republic: Industrial output swings to contraction in February:
- Industrial production dropped 2.6% year-on-year in working-day adjusted terms in February, which contrasted January 0.3% uptick..
- Meanwhile, the trend deteriorated, with the annual average variation of industrial production coming in at minus 7.2% from January minus 6.9%..
- On a monthly basis, industrial production contracted 2.0% in seasonally-adjusted terms in January, following January 0.8% decrease..
- FocusEconomics Consensus Forecast panelists expect industrial output to expand 7.4% in 2021, which is unchanged from last month forecast….