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Czech manufacturing ends 2016 on high note

Staff Writer | January 4, 2017
The latest survey results signalled the sharpest inflationary pressures in the goods-producing sector since mid-2015 in Czech manufacturing.
Czech manufacturing
Czech economy Markit   Czech Republic Manufacturing PMI
The PMI remained above the no-change mark of 50.0 in December, indicating an overall improvement in Czech manufacturing business conditions. The current upturn now extends to five months. Moreover, the PMI rose to 53.8, from 52.2, indicating the strongest upturn since March.

The upward movement in the headline figure was influenced by all five components – output, new orders, employment, suppliers’ delivery times and stocks of purchases, and took the PMI above both its average for 2016 (53.0) and its long-run trend level of 52.9.

The rate of growth of manufacturing production rebounded in December, having slowed to a modest pace in November. Firms mainly linked growth to new orders, although the latest rise in output remained weaker than the long-run survey average.