Article taken from: finance.yahoo.com
By Anita Komuves BUDAPEST, May 3 (Reuters) – The Czech crown firmed, while the Hungarian forint traded steady in cautious mood on Monday as PMI data from the region showed a steady pace of recovery from the pandemic-induced crisis and as markets in the UK, Japan and China were closed for holidays. Hungary’s seasonally-adjusted Purchasing Managers’ Index (PMI) grew to 50.8 in April from a revised 48.8 in March, rising back above the 50-mark separating expansion from contraction. In the Czech Republic, manufacturing activity last month grew at the fastest rate in more than three years. The headline PMI rose to 58.9 from 58 in March. […] Markets in Poland and Romania were closed for holidays, and trading will resume on May 4.
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