The IHS Markit Czech Republic Manufacturing PMI rose to 44.9 in June 2020 from 39.6 in the previous month but below market expectations of 45. The latest reading pointed to the softest contraction in factory activity in four months, amid the easing of covid-19 lockdown measures. Output declined at a slower pace and new orders dropped at a weaker rate. Meantime, firms reduced their workforce numbers further at the end of the second quarter amid a strong decline in client demand. On the price front, input cost inflation quickened slightly while output charges continued to fall as weak demand led to further discounting among manufacturers. Lastly, sentiment improved amid hopes of a boost to demand as economies are reopening.
Manufacturing PMI in Czech Republic averaged 52.21 points from 2011 until 2020, reaching an all time high of 59.80 points in December of 2017 and a record low of 35.10 points in April of 2020. This page provides the latest reported value for - Czech Republic Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Czech Republic Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Markit Economics
Manufacturing PMI in Czech Republic is expected to be 45.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Czech Republic to stand at 49.00 in 12 months time. In the long-term, the Czech Republic Manufacturing PMI is projected to trend around 47.50 points in 2021 and 51.00 points in 2022, according to our econometric models.