Demand for Czech goods will grow once more in 2Q

Published: 25.03.2019 Related countries:  Czech Republic Czech Republic

Czech industry are developing the most favorable of the past three years.

 

Unlike the negative situation in German industry, conditions in Czech industry are developing the most favorable of the past three years. This signalizes that domestic industry can despite its current slowdown resist the decline in Germany to a certain degree. This was stated in reaction to data from the Purchasing Managers Index by CZECH FUND chief economist Lukáš Kovanda. Komerční banka chief economist Monika Junicke thinks that the drop in demand for Czech products is more of a short-term affair and that we will see its revival in 2Q.