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Analysts: Position of manufacturing segment improves

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 Miluèká, the index improved thanks to acceleration in new orders, a growth in the manufacturing production, and a higher number of employees. According to Komercní banka’s head economist Jan Vejmìlek, 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.

Source: www.cianews.cz