Conditions in the Czech manufacturing industry worsened for the third month in a row in October when the Purchasing Managers Index (PMI) dropped from September´s 55.5 points to 54 points, company Markit Economics announced on 2 November. The index is still above the long-term average of 52.9 points.
The index monitors production, new orders, employment, suppliers' delivery times and inventories. PMI's value higher than 50 points indicates an improvement of the sector...Still, the current PMI data from production signal that the yr/yr growth pace of official industrial production will drop below 5 percent, he added, CTK, the Czech News Agency, informed. Read details in Czech.