Purchasing managers’ poll shows Czech economic recovery still weak

The Czech economy is not picking up as fast as expected according to a March index based on a poll purchasing managers which was released on Tuesday. Instead of continuing to climb, the index fell back to 55.5 points from 56.5 in February. One of the biggest factors in the slide was the fact that the pace of new orders had slowed down from earlier in the year. Managers, however, continue to be confident that there will be an upturn in employment. Similar poll results for Poland and Hungary also resulted in falls in their indexes.