By Albin Sybera Czech industrial production fell by 1.9% year-on-year and by 0.8% month-on-month in July in what is a fifth monthly drop in a row, though the pace of decline softened on the -3.3% y/y in June. The value of new orders in the industry fell by 1.8% y/y, with non-domestic new orders dropping by 2% y/y and domestic ones by 1.5%. “Industrial production mainly decreased due to a shift of company holidays in enterprises manufacturing motor vehicles. On the other hand, many economic industries, for example, manufacture of food products, reported y/y growth,” commented Radek Matejka of C…