Czech manufacturing sector recovers in September
Image by Pixabay
The Czech Republicʼs manufacturing sector expanded for the first time in nearly two years in September, survey data from IHS Markit showed last week.
Image by Pixabay
The headline manufacturing Purchasing Managersʼ Index, or PMI, rose to 50.7 in September from 49.1 in August.
The index expanded for the first time since November 2018 and rose for the fifth straight month. Any reading above 50 indicates expansion in the sector. New sales expanded for the first time in nearly two years in September and new exports increased. Total new order inflows were boosted with the rise in new export orders.
Backlogs of work decreased further in September and the number of workforces were reduced with employment falling at the slowest rate since June last year. The degree of optimism rose to the highest since October 2018 and the level of positive sentiment was below the series average.
Input prices continued to rise in September, though the rate of inflation eased in the current eight-month sequence. Selling prices were reduced in an effort to further boost sales.
ADVERTISEMENT
MNB Monetary Council Leaves Base Rate on Hold
Hungarian Lawmakers Ratify Finland's NATO Accession
Bureau Veritas Hungary Becomes Certifying Partner of Access4...
HIPA Awards 'Investors of the Year'
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.
