India, Aug. 3 -- Czech factory activity lost some growth momentum in July amid slower rises in output and new orders along with cost pressures, survey data from S&P Global showed on Monday.
The purchasing managers' index, or PMI, for the manufacturing sector dropped to 52.2 in July from 53.9 in June. Nonetheless, a reading above 50 suggests expansion.
The rate of growth in new orders in July was slightly slower than in June. The overall upturn was driven by a sharp rise in foreign demand, with sales rising at the quickest pace since August 2021.
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