Industrial production in December last year increased by 3.0% y/y after an 8.8% growth reading in November. For the full year of 2006, it increased by 9.7%, while in 2005, the full year increase was only 6.7%. Last year, the output of Czech industry was supported by a combination of increases in production capacity and a relative boom in other EU countries, which received the bulk of the industrial goods exports. March 2005 was the last time we saw a lower rate of increase in industrial production in the Czech economy. Last year’s December had two working day less than its 2005 predecessor. Overall, industrial production growth was contributed to mostly by the electrical and optical appliances sector, the automotive sector and linked sectors.