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Czech manufacturing growth slows in September

Manufacturing

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The Czech Republic's manufacturing sector growth eased in September, survey data from IHS Markit showed on Friday.

The purchasing managers' index, or PMI, for the manufacturing sector rose to 58 in September from 61 in August. Economists had forecast a reading of 58.4. A PMI reading above 50 signals growth in the sector.

Output growth eased, partially driven by the weaker rise in new orders.

New export orders increased further in September and suppliers' delivery time lengthened.

Input costs rose in September and the rate of charge inflation eased slightly. Employment growth quickened in September and backlogs of work increased further.

The 12-month outlook for output for the next 122 months eased to the lowest in ten months. 

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