S&P Global's Czech Purchasing Managers' Index (PMI) eased a
touch to 44.3 from 44.6 in January, staying well below the 50
level that marks growth in activity for a ninth month.
Analysts polled by Reuters had forecast a reading of 44.7.
The survey showed production levels across the manufacturing
sector contracting, while firms reported order postponements. A
fall in new orders gathered pace as well.
Firms, however, saw costs rise less sharply than previously,
and the rise in selling prices was the softest in two years, the
survey said.
Month/Year 02/23 01/23 02/22
Purchasing Managers' Index 44.3 44.6 56.5
Output 44.0 42.7 53.9
** To monitor in real-time Czech economic data releases in the
Eikon app and view historical data click: reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/Economic-Monitor?g=2E
(Reporting by Jason Hovet; Editing by Susan Fenton)
PRAGUE, March 1 (Reuters) - Czech manufacturing activity
contracted further in February as new orders fell, a survey
showed on Wednesday.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.