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Economy And The Numbers

Czech Manufacturing Growth Strongest Since April 2022

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Czech factory activity logged renewed expansion in March and at the quickest pace in nearly four years amid favorable demand conditions, survey data from S&P Global showed on Wednesday.

The purchasing managers' index, or PMI, for the manufacturing sector rose to 52.8 in March from 50.0 in February. A reading above 50 suggests expansion, while a score below 50 indicates contraction in the sector.

The growth in the end of the first quarter was driven by sharper upturn in output and a renewed rise in new orders, which was evident in both domestic and foreign markets. International sales were boosted by more demand from customers in Europe.

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