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.

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Czech Republic Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
44.90 39.60 59.80 35.10 2011 - 2020 points Monthly
SA


News Stream
Czech Factory Activity Shrinks More than Expected
The IHS Markit Czech Republic Manufacturing PMI rose to 44.9 in June 2020 from 39.6 in the previous month but slightly 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.
2020-07-01
Czech Factory Activity Shrinks Less in May
The IHS Markit Czech Republic Manufacturing PMI rose slightly to 39.6 in May of 2020 from a record low of 35.1 in April and beating market estimates of 38.5. Still, the reading pointed to the second-sharpest deterioration in the manufacturing sector since the depths of the global financial crisis just over 11 years ago. Output and new orders continued to fall but at a slower pace, as some firms gradually began to reopen. Export orders also decreased sharply amid lockdown measures across major export markets in Europe, affecting mostly the automotive industry. The rate of job shedding was the second-sharpest since July 2009, amid another decline in backlogs of work. In terms of prices, a slowdown in input inflation prompted manufacturers to reduce selling prices for a fifth straight month, in an attempt to attract and retain clients. Looking ahead, firms were less pessimistic, though concerns remained about the length of time before significant improvement in demand was seen.
2020-06-01
Czech Factory Activity Shrinks at Record Pace
The IHS Markit Czech Republic Manufacturing PMI decreased to 35.1 in April 2020 from 41.3 in the previous month, but above market forecasts of 33.2. The reading pointed to the steepest contraction in factory activity on record, amid business closures and lockdowns due to the coronavirus pandemic. Output and new orders dropped to its lowest level since series began back in 2001 and new orders fell sharply. The job shedding rate rose at the fastest pace since the financial crisis, while backlogs of work dropped to a record low amid burgeoning spare capacity. On the price front, input cost rose amid supplier delays and shortages while output prices fell further as firms endeavoured to remain competitive. Lastly, sentiment weakened to an all-time low amid concerns over the longevity of lockdowns, the path of the recovery, and the impact on wider industries as demand stalled.
2020-05-04
Czech Factory Activity Contracts at Record Pace
The IHS Markit Czech Republic Manufacturing PMI fell to 41.3 in March 2020 from 46.5 in the previous month and below market forecasts of 42.5. The reading pointed to the steepest contraction in factory activity since series began, amid factory closures and a decline in demand due to the coronavirus pandemic. New orders and output dropped at the fastest pace since the global financial crisis more than a decade ago. Employment declined at the steepest rate since September 2009, as voluntary leavers were not replaced, but also as factory shutdowns. On the price front, input cost rose for the second straight month as raw material shortages pushed costs higher, while output prices fell further in an effort to attract customers. Finally, confidence fell to an all-time low amid uncertainty surrounding the impact of the coronavirus pandemic.
2020-04-01

Czech Republic Manufacturing PMI
In Czech Republic, the Markit Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 250 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.