The Czech leading purchasing managers’ index or PMI fell to a near 10-year low in June due to a faster-than-expected decrease in production and a fall in new business, Markit said on Monday.
Czech PMI, at 45.9 points in June, has now contracted for six months in a row. As in previous months, the development was fairly consistent with relevant PMIs from abroad, mainly Germany.
The rate of contraction quickened to the fastest since December 2012. The decline was linked to weaker foreign and domestic client demand, Markit said.
Measures taken as over 60 percent of Czech Republic hit by extreme drought
Barbora Strýcová, 33, in “best form” ahead of Wimbledon semi-final against Serena Williams
Beer, schnitzel and mushroom picking – unique set of emojis captures Czech soul
Gene Deitch, Part 1: The Oscar-winning US animator who made Tom and Jerry cartoons in communist Prague
Holocaust child survivor’s dream of building memorial to child victims of the Holocaust comes true