Czech industry shows resilience
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CENTRAL AND EASTERN EUROPE: Manufacturing PMI softened in May but remained firmly in expansion territory, outperforming expectations. Higher energy costs and supply constraints are pushing up output prices, with strong demand enabling pass-through to consumers. Still, the link be
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4 itemsCzech manufacturing supported by new orders and strong hiring
The Czech manufacturing sector is demonstrating resilience through strong new orders and hiring trends, positioning the economy for continued growth. Per the full note from ing-think, the Czech industrial PMI registered at 53.5 for September, indicating sustained expansion despite low pricing power coupled with rising input costs. Notably, employment levels surged, reflecting the fastest growth in nearly four and a half years, which supports higher production capacity amidst solid domestic and international demand. With no immediate high-impact events on the calendar for the Czech Republic, market focus may remain on energy prices and Eurozone conditions that could influence the CZK.