Czech Manufacturing Contraction Eases in February
Photo by Gorodenkoff / Shutterstock.com
The Czech Republic's manufacturing PMI increased to 44.3 in February from 43 in the previous month, survey data from S&P Global on Friday show.
It pointed to the 21st consecutive period of contraction in manufacturing activity, but marked the least pronounced since April 2023, as output and new orders fell at a softer pace. Nevertheless, demand conditions for both domestic and external remained historically subdued, with firms cutting employment and purchasing activity at a faster rate amid efforts to reduce cost.
On the price front, input costs grew for the first time in a year, due to increasing prices for transportation and wage bill, while output charges continued to decline but at a softer pace compared to January.
Finally, the level of confidence for the 12-month outlook rose to its highest in almost a year, mainly driven by planned investment in new products and facilities, and hopes of more favorable demand conditions.
EBRD Puts Hungary GDP Growth at 2.2% in 2024
Hungary Expects Progress From EU on Erasmus+ Matter
Cordia Launches Construction of Its 1st U.K. Rental Housing ...
7th Edition of BSC Charity Beach Volleyball Tournaments Comi...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
