The IHS Markit Czech Republic Manufacturing PMI rose to 45.2 in January 2020 from 43.6 in the previous month and above market expectations of 43.6. The reading pointed to the softest pace of contraction in factory activity since June. New orders contracted the least since April, while foreign client demand fell markedly. On the other hand, employment fell at the sharpest pace for over a decade. On the price front, both input prices and output charges fell in January amid reports of successful negotiations with suppliers and efforts to stay competitive. Finally, business confidence remained negative in January, although the highest in four months, with manufacturers expressing uncertainty towards the outlook for output over the next year.
Manufacturing PMI in Czech Republic averaged 52.76 points from 2011 until 2020, reaching an all time high of 59.80 points in December of 2017 and a record low of 43.10 points in July of 2019. 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. source: Markit Economics
Manufacturing PMI in Czech Republic is expected to be 44.00 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 48.50 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.