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Czech Manufacturing Growth Accelerates In September

Czech Manufacturing Growth Accelerates In September

2 October 2017, 17:40
Czech manufacturing activity expanded at the quickest pace in five months in September, driven by strong rises in output and new orders, survey data from IHS Markit showed Monday. The Purchasing Managers' Index, or PMI, climbed to 56.6 in September from 54.9 in August. Any reading above 50 indicates expansion in the sector. Production grew at an accelerated pace in September, underpinned by strong client demand. New orders rose at the fastest rate since May. Meanwhile, the pace of job creation eased to the weakest since October 2016. On the price front, input prices rose sharply and output price inflation reached a four-month high in September. 
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