Czech Industrial Output Rebounds; Trade Balance Logs Deficit

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PRAG (dpa-AFX) – The Czech Republic’s industrial production expanded for the first time in four months in May, data from the Czech Statistical Office revealed on Thursday.Separate data showed that the trade balance swung to a deficit in May, as imports increased more than exports.Industrial production rose a working-day adjusted 3.3 percent year-on-year in May, reversing a 3.8 percent fall in February. Meanwhile, economists had forecast a stagnant change for the month. Mining and quarrying output advanced sharply by 8.

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