empty
 
 

2017.06.0107:59:00UTC+00Czech Manufacturing Growth Eases In May

Czech manufacturing activity signaled further strong improvement in May, albeit the rate of growth eased since April, survey figures from IHS Markit showed Thursday.

The Purchasing Managers' Index, or PMI, dropped to 56.4 in May from 57.5 in April. Meanwhile, economists had expected the index to rise to 57.9.

However, any reading above 50 indicates expansion in the sector.

Output grew for the tenth successive month in May on the back of higher demand and sharp increase in new orders. Nonetheless, the rate of growth in new orders was the weakest since January.

New export orders rose at the second-fastest rate since January 2015. Job creation continued in May, with workforce numbers increasing at a solid rate.

"Both input and output prices grew at the weakest paces since January, but inflation remained strong as wages and raw material prices rose." Sian Jones, Economist at IHS Markit, said.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback