Central Europe / Data
_1738908331.png)
Czech industry deepens its slump to 1.4% in 2024
Czechia’s industrial output fell by 1.4% in 2024, in a yet deeper slump than the 0.8% registered in 2023. In December, the industry fell by 3% year on year and grew by 1.6% month on month amid a slumping car industry.
_0_1738863851.png)
Czech National Bank returns to lowering of interest rates, by 0.25bp to 3.75%
CNB also projects the Czech economy to grow by 2% in its new macroeconomic prognosis, down from the 2.8% projected in November, and expects to cut rates further before these stabilise in mid-year.
Polish manufacturers start 2025 on slightly more upbeat note
Poland's Purchasing Managers' Index increased 0.6 points to 48.8 in January, the economic intelligence company S&P Global said on February 3 (chart).
_1738585894.png)
Czech PMI improves to 46.6 in January
The figure was up on 44.8 registered in December and 46 registered in November, but still below the 50-point mark separating growth and decline, where the index has remained since June 2022.