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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CZECHIA
MNI (London)
CZECHIA Q3 FLASH GDP -0.4% Q/Q (FCST -0.3%); Q2 +0.5% Q/Q
CZECHIA Q3 FLASH GDP +1.6% Y/Y (GCST +1.7%); Q2 +3.7% Y/Y
CZECHIA OCT MANUFACT. PMI 41.7 (FCST 44.1); SEP 44.7
- Czechian GDP fell 0.1pp more than expected, contracting by -0.4% q/q in the Q3 flash (vs +0.5% in Q2). The Czech Statistical Office flagged falling domestic demand largely due to consumption expenditure as having driven the contraction.
- The October manufacturing PMI added to signs of waning demand, slipping by 3 points to 41.7; the lowest since May 2020.
- Sharply falling output and new orders contributed to the fifth month of contractionary manufacturing. Energy prices remained volatile, pushing up input costs, yet output prices saw a softer uptick due to weak demand.
- Employment declined and sentiment slipped to April 2020 lows.
- S&P Global sees industrial production expanding by a slow +1.5% in 2022, weakening growth prospects for Q4.
Source: CZSO
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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