“The September results mainly reflected the reduction in the production of cars and their parts. However, this does not change the fact that a number of other branches of the manufacturing industry are still relatively successful and their production is on the rise, “described Radek Matějka from the CZSO.
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Just to give you an idea, the September production of passenger cars in the largest domestic carmaker Škoda Auto was about a third compared to last September. “Given the weight of the automotive industry, it is clear that with such results, it is difficult for the remaining industries to be able to fully compensate for the collapse of cars,” says Miroslav Novák from Akcenta.
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On the other hand, according to him, engineering and the metalworking industry are doing well. Even so, the decline of the automotive industry will hamper the industry throughout the fourth quarter.
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The value of new orders fell by 1.2 percent year on year in September. New orders from abroad decreased by 3.1 percent, while domestic new orders increased by 3.5 percent.
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