Czech manufacturing growth slowed unexpectedly in June to the lowest level in three years, survey figures from Markit Economics showed Friday.
The Purchasing Managers’ Index, or PMI, dropped to 51.8 in June from 53.3 in the previous month. Economists had expected the index to rise to 53.6.
However, any reading above 50 indicates expansion in the sector.
Among components, output, new orders, exports, employment, purchasing and backlogs all expanded at a slower pace than in May.
On the price front, input prices climbed for the second straight month in June, led by higher metal and plastics prices. This forced manufacturers to lift their selling prices for the first time in six months, albeit only marginally.
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