Czech PMI falls to 21-month low

Czech manufacturing growth showed its weakest result in 21 months in September, an industry barometer has shown. The HSBC Czech Republic Manufacturing PMI was 52.3 compared to 53.4 the previous month – the lowest since the end of 2009. A result over 50 indicates positive overall growth; in its report the HSBC bank said that the PMI fall was related to a slowing of new orders.

Author: Jan Velinger