empty
 
 

2021.11.0115:27:00UTC+00Czech Manufacturing Growth Lowest In 11 Months

The Czech Republic's manufacturing sector growth eased to the lowest in eleven months in October, survey data from IHS Markit showed on Monday.

The purchasing managers' index, or PMI, for the manufacturing sector fell to 55.1 in October from 58.0 in September.

Economists had forecast a reading of 57.0. A PMI reading above 50 signals growth in the sector.

New orders declined in October and new business intake lowered. New export orders decreased marginally.

Input purchasing increased to a weaker extent in October and suppliers' delivery time lengthened.

Employment increased in October and backlogs of work accelerated.

Input cost and output prices increased in October.

"The slowdown seen in the Czech manufacturing sector in recent months gathered further pace in October as the intense global supply chain issues weighed heavily on production schedules," Joe Hayes, senior 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 $1000 more!
    In April we raffle $1000 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