Czech manufacturing recorded strong in March

Posted on 06 May 2018 and read 447 times
Czech manufacturing recorded strong in MarchCzech manufacturing activity recorded further strong expansion in March, according to survey data from IHS Markit (www.ihsmarkit.com), although its Purchasing Managers’ Index (PMI) dropped to 57.3 (from 58.8 in February — any reading above 50 indicates expansion in the sector).

Both output and new orders continued to rise sharply in March, while employment growth moderated to a six-month low amid on-going labour shortages.

On the price front, input cost inflation accelerated to a four-month high, and growth in selling prices remained sharp.

Expectations for output in the year ahead increased to the second-highest level since January last year.

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