Czech Republic: Manufacturing PMI rises in November
The S&P Global Manufacturing Purchasing Managers’ Index (PMI) rose to 43.2 in Novemebr from 42.0 in October. Consequently, the index remained entrenched below the critical 50-threshold that separates an expansion from a contraction in manufacturing sector business conditions compared to the prior month.
November’s reading chiefly reflected softer declines in output, new orders and employment. On the price front, input prices decreased at a faster clip, while output prices dropped for the seventh consecutive month but at a slower pace. Lastly, business sentiment strengthened amid hopes of a rebound in demand, investment in facilities and new marketing strategies.