Czech manufacturing ends 2016 on high noteStaff 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 economy Markit Czech Republic Manufacturing PMI
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. ■