June unemployment rate highest since February 2018

The effects of the coronavirus epidemic are also evident in figures from Czechia's industry, construction and foreign trade sectors.


Unemployment rate rose to 3.7% in June. Analysts predict that it will grow more significantly in autumn, when it will become clear what damage the tourism sector has suffered.


Industrial production fell by 25.7% in May compared to the previous year after it plunged by a record 33.7% in April. On the contrary, construction output slipped more than the previous month, 7.6% year-on-year. According to analysts, it still didn't hit rock bottom.


They are more optimistic when evaluating Czechia's foreign trade, which seems to have partially recovered from the crisis, even though it is still subdued. It ended in a 1.3 billion crown surplus.


According to the European Commission, the Czech economy is forecast to contract by 7.8% this year due to the anti-coronavirus measures.

Czech news in English, for expats and for other people interested in our country. The articles do not include our opinion and they are purely informative.

      Sources

  • CzechTV 

  • Seznamzpravy.cz

  • iRozhlas

  • DenikN

  • ČTK

  • other sources noted

  • Source of the pictures: Pixabay, other source is noted 

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