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Czech manufacturing sector driven by output

Staff writer |
Czech manufacturing growth increased in January, driven by strong gains in output and new business, survey data from Markit Economics showed.

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The headline HSBC Czech Republic Manufacturing Purchasing Managers' index rose to 55.9 in January. New orders grew for the eighth straight month and at the fastest pace since April 2011. New export orders rose at the strongest pace since mid-2010, helped by strong demand from EU, especially Germany.

Manufacturers' purchases were the strongest in nearly three years and stocks grew for the sixth month. Employment grew modestly during the month.

Meanwhile, a weak koruna kept cost pressures higher in January. Input price inflation was the second highest since May 2011 and above average. Output prices rose for the fourth consecutive month.

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