Conditions in manufacturing worsen

Conditions in the manufacturing in the Czech Republic worsened for the third-straight month in October, according to the Czech news Agency – citing industry analyst Markit Economics. Purchasing Managers Index numbers dropped from 55.5 to 54 points, according to the firm. The index monitors production, new orders, employment, supplier delivery times and inventory. A value higher than 50 points is positive, representing improvement. In the Czech Republic, new orders grew at their slowest pace in two years largely due to weaker exports.

Author: Jan Velinger