Czech industrial confidence firms in July

Industrial confidence in the Czech Republic firmed in July from June according to the latest survey of producers by the Markit financial services company. The monthly index climbed to 57.5 points in July from 56.9 in June. Manufacturing industry is growing at the fastest pace since April 2011, the company said in a commentary. New orders are at their highest level since May 2014, production has hit a peak for the last year but prices of raw materials are under control, the assessment added.

Author: Chris Johnstone