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 industry shows resilience
Czech industry gradually heading towards a good performance
The Czech industrial sector exhibits signs of rebounding, with June's industrial production rising by 4.0% year-on-year, as reported in recent bank research [source]. While this suggests that Czech manufacturing may be moving past its recent challenges, attention is needed on the underlying factors driving these numbers, including potential distortions related to pre-stocking ahead of geopolitical tensions. With no immediate high-impact calendar events, the outlook appears constructive, albeit cautious, given that full economic recovery is still some time away.