Bloomberg News

Czech PMI Falls to 21-Month Low as Flow of New Orders Slows

October 03, 2011

Oct. 3 (Bloomberg) -- Czech manufacturing growth was the weakest in 21 months in September as the pace of new orders slowed, an industry gauge showed.

The HSBC Czech Republic Manufacturing PMI was 52.3, compared with 53.4 in August, the lowest reading since December 2009, the bank said today in an e-mailed report. A result greater than 50 signals overall growth. Manufacturers received a greater volume of new orders in September, although the rate of growth slowed to the weakest since August 2009.

“Driving the downward movement in the headline index in September was a weaker rise in new orders,” the bank said in the Purchasing Managers Index report, compiled by Markit, a financial information services company.

--Editors: Alan Crosby, James Gomez

To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net;

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


Steve Ballmer, Power Forward
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus