09 Jul 2019, Petia Krasteva, EMIS Editor
Czech industrial output rises by 3.2% y/y in May
The key car manufacturing sector saw a 6.3% increase in new orders in May. The latest industry data came to a surprise to the market which expected the downturn in the Czech Republic’s main trade partner, Germany, to already affect local manufacturers.
Nevertheless, the analysts approached by bne Intellinews believe the slowdown seems imminent given that the June PMI survey showed the index plunged to its lowest level in the last 10 years due to weak external demand.
Sign in and read the full article in emis.com, and find out more about EMIS. Original source: bne Intellinews