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Czech manufacturing downturn slows in March, PMI shows

The contraction in Czech manufacturing eased in March, creeping closer to levels showing stabilisation as falls in output and orders slowed, the S&P Global Purchasing Managers' Index (PMI) showed on Tuesday. Headline PMI rose to 48.3 in March from 47.7 in February, staying below the 50 mark that divides expansion from contraction. The reading was mostly in line with a Reuters poll forecast of 48.5.

The contraction in Czech manufacturing eased in March, creeping closer to levels showing stabilisation as falls in output and orders slowed, the S&P Global Purchasing Managers' Index (PMI) showed on Tuesday. Headline PMI rose to 48.3 in March from 47.

7 in February, staying below the 50 mark that divides expansion from contraction. The reading was mostly in line with a Reuters poll forecast of 48.5.

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