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Manufacturing PMIs (Aug.)

The batch of August PMIs released for Central Europe were a reassuring improvement following the plunge in July but remain consistent with a further slowdown in industrial output over the coming quarters. Meanwhile, the improvement in Turkey’s PMI, coming alongside strong Q2 GDP data released this morning, offers signs that the economic recovery continued in the third quarter.
Liam Peach Emerging Markets Economist
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Manufacturing PMIs (May)

The rise in the manufacturing PMIs to fresh record highs for Czechia and Poland in May was driven by output and new orders, but supply issues have continued to push up input and output prices. In contrast, Turkey’s PMI fell to a 12-month low, but should rise this month now that the lockdown has been lifted.

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