Czech Manufacturing PMI at Over 3-year Low

Czech Republic manufacturing Purchasing Managers' Index (PMI) fell to 40.8 in June from 42.8 in the previous two month, survey data from S&P Global on Monday show.

This marked the 13th straight month of contraction and the sharpest since May 2020, as domestic and external demand conditions faltered.

Both output and new orders declined at the quickest pace in six months. At the same time, employment dropped to its lowest since July 2020 as backlogs of work were depleted at a steep rate.

Notably, input prices experienced its most substantial drop in 14 years.

Furthermore, efforts to maintain competitiveness and boost sales led to the steepest fall in selling prices since April 2016.

Finally, optimism was at its lowest in the current six-month sequence of positive sentiment, as expectations were dampened by inflation fears and concerns surrounding lower investment.

Automotive

ALD Automotive | LeasePlan Unveils New Global Mobility Brand Ayvens

Government

Orbán: Peak Flood Expected to Leave Hungary by Mid-Next Week

Energy Trade

MVM H1 Revenue Falls 22% Y.O.Y.

EU

EU to Deduct EUR 200 mln Fine From Hungary Funding

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 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.