Czech manufacturing decline slows in June
Image by Pixabay
The Czech Republic’s manufacturing sector deteriorated at a softer pace in June after the lockdown restrictions linked to the coronavirus pandemic were eased, survey data from IHS Markit showed on Wednesday.
Image by Pixabay
The headline manufacturing Purchasing Managers’ Index (PMI) rose to 44.9 in June from 39.6 in May.
The rate of contraction was the slowest since February. The backlogs of work declined at the steepest rate in June and new orders fell at the sharpest pace. Domestic and foreign client demand decreased continuously in June. Client demand declined and the number of labors were reduced.
Business confidence increased in June, and despite reaching a four-month high, the degree of positive sentiment remained subdued. On the price front, input price inflation increased slightly in June, while selling prices declined at a faster pace.
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.