Czech Feb PMI rises to above neutral level for first time in four months .

By bne IntelliNews March 2, 2012
The purchasing managers index (PMI) for the Czech manufacturing industry rebounded in February 2012 rising to above the neutral level of 50 points for the first time in four months as new orders stabilised and output expanded, according to a survey compiled by financial information company Markit Economics for HSBC. The index, which monitors output, new orders, employment, stock levels and prices in the sector, rose to 50.5 points in February from 48.8 points in January. A PMI reading above 50 indicates expansion of the sector. It shrank below the 50 reading in November 2011 after more than two years of continued growth. In February new orders rose marginally ending a three-month sequence of contraction but poor demand in Europe negatively affected export orders that fell at their fastest rate since July 2009. Manufacturing production grew slightly but employment continued to decline last month. Input prices increased at their fastest rate since June 2011, while output prices fell slightly.

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