The Czech Republic's manufacturing downturn worsened at the end of the final quarter amid steep falls in new orders and output, survey data from S&P Global showed on Tuesday.
The purchasing managers' index, or PMI, for the manufacturing sector fell to 41.8 in December from 43.2 in November. Any reading below 50 indicates contraction in the sector.
A steeper decline in output and new orders drove the stronger downturn in December, both of which fell more rapidly than in November, the survey said.
New export orders were also impacted by weak demand in key markets, especially Germany.
In order to reduce costs, firms cut employment at a faster rate and ran down stocks.
On the price front, input costs continued to decrease in December, though at a slower pace. Similarly, firms lowered their output charges at a reduced pace.
Business confidence among Czech producers slipped in December on the backdrop of challenging demand conditions.
Economic News
作者：RTTNews Staff Writer，文章来源RTTNews，版权归原作者所有，如有侵权请联系本人删除。
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: www.followme.asia
加载失败()