INSTANT VIEW 1-Czech May industry output slows

...of a double-digit rise. 
 
KEY POINTS: 
(brackets denote previously reported data) 
(y/y change in pct)       May      April  May forecast 
 Industrial output        7.5     14.0      11.0 
 Industrial sales         8.6     14.4       n/a 
 Construction output      1.4     17.6       n/a 
 
 (Full table of data............................[ID:nPRA001394]) 
 
- Industrial growth rate drops after four months of double digit 
expansion.  
- Seasonally-adjusted output rises 0.1 percent month-on-month. 
- Direct exports sales, accounting for slightly more than half 
of sales in the entire industrial sector, up 12 percent in real 
terms, slowing from 22.0 percent rise a month ago. 
- Output dropped year-on-year in the sectors of metallurgy, 
coking, oil refining and energy resources mining. 
 
BACKGROUND: 
- May foreign trade figures......................[ID:nL09337680] 
- Report on last Czech c.bank rate decision      [ID:nPRG000403] 
                                 [ID:nL28398864] [ID:nL10222777] 
LINKS: 
- For further details on May output and sales numbers and past 
data, Reuters 3000 Xtra users can click on the Czech Statistical 
Bureau's Website: 
    http://www.czso.cz/eng/csu.nsf/kalendar/2004-pru 
 
- For LIVE Czech economic data releases, click on        
- Instant Views on other Czech data                 [CZ/INSTANT] 
- Overview of Czech macroeconomic indicators            [CZ/ECI] 
 
- Key data releases in central Europe    [CEE-CONVERGENCE-WATCH] 
- For Czech money markets data click on                 
- Czech money guide                                       
- Czech benchmark state bond prices                    
- Czech forward money market rates                       
 
  
  Keywords: CZECH ECONOMY/INDUSTRY