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Czech News in English » Business » Analysts: Position of manufacturing segment improves

Analysts: Position of manufacturing segment improves

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The position of the Czech manufacturing segment remains strong and still improves. This was stated by ING Bank’s head economist Jakub Seidler in relation to PMI data provided by Markit/HSBC. According to Raiffeisenbank’s analyst Daniela Milučká, the index improved thanks to acceleration in new orders, a growth in the manufacturing production, and a higher number of employees. According to Komerční banka’s head economist Jan Vejmělek, the Czech industrial production increased by 4.6% in 2015. He predicts a growth by 5.6% in 2016. The segment is helped by a stable foreign demand, a growing domestic demand, low-volatile exchange-rate environment, and cheap crude oil.

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