The PMIs for August were published across the EMEA region

Review Yesterday, the PMIs for August were published across the EMEA region. In most cases PMI continued improving, with the exception of Hungarian PMI, which surprisingly dropped from July’s levels. See our comment. Yesterday, the Czech statistical office published year-to-date budget deficit figures of CZK89.58bn for January-August, a sharp deterioration from a CZK5.32bn surplus last year and higher deficit compared to last month’s deficit of CZK76.16bn. The economic recession in the Czech