Czech Republic Manufacturing PMI2011-2020 Data | 2021-2022 Forecast | Calendar

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.

The IHS Markit Czech Republic Manufacturing PMI edged up to 43.6 in December of 2019 from 43.5 in November, matching market expectations. The reading pointed to the 13th straight month of contraction in factory activity, amid a marked fall in production, which stemmed from weaker domestic and foreign client demand. New orders also declined at one of the fastest rates for a decade and job shedding was the at the sharpest rate since September 2009. Meanwhile, although input prices continued to fall, firms were able to increase their factory gate charges for the third month running. Finally, business confidence also remained historically muted.

The IHS Markit Czech Republic Manufacturing PMI dropped to 43.5 in November of 2019 from 45 in October and well below market expectations of 45. The reading pointed to the 12th straight month of contraction in factory activity and one of the worst performances since mid-2009. Output fell sharply and new business and new export orders also declined as challenging demand conditions reportedly stemmed from ongoing difficulties in the automotive sector, a slowdown in global manufacturing and trade wars. Also, the rate of job shedding was the fastest for over a decade. On the price front, input prices fell for the first time since April of 2016 amid lower demand for inputs and a resulting increase in discounts from suppliers. Nonetheless, manufacturers raised their charges at the quickest pace for six months. Finally, business confidence touched a record low as fears for the broader economy weighed on firms' expectations.

The IHS Markit Czech Republic Manufacturing PMI edged up to 45.0 in October 2019 from 44.9 in the previous month. The reading pointed to the eleventh straight month of contraction in the manufacturing sector but the softest since June. The rate of decline in both new orders and new export eased slightly; while employment fell at fastest rate for almost a decade. On the price front, input costs rose as lower demand for inputs limited supplier pricing power; while output costs increased for the first time since July despite weak demand conditions. Finally, sentiment towards output over the coming year were negative for the first time since December 2012, as hopes of a pick-up in demand waned.