The IHS Markit Czech Republic Manufacturing PMI climbed to a record high of 61.8 in May of 2021 from 58.9 in the previous month, beating market expectations of 59.5. The latest reading was mostly driven by steeper increases in output and new orders, while overall vendor performance deteriorated to the greatest extent in the series amid significant raw material shortages and transportation issues. Subsequently, these setbacks fueled the fastest hike in input prices since mid-2001, which far outpaced the rise in output charges, and further constraints on production capacity led to companies expanding workforce numbers at the quickest pace since February 2018. Considering storage capacity, the stock of purchases expanded the most in three years, while post production inventories continued to dwindle. Finally, output expectations among goods producers improved to a four-month high amid hopes of an end to the COVID-19 pandemic and a sustained rise in client demand. source: Markit Economics
Manufacturing PMI in Czech Republic averaged 52.45 points from 2011 until 2021, reaching an all time high of 61.80 points in May of 2021 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 June of 2021.
Manufacturing PMI in Czech Republic is expected to be 58.30 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 54.80 in 12 months time. In the long-term, the Czech Republic Manufacturing PMI is projected to trend around 53.50 points in 2022 and 52.10 points in 2023, according to our econometric models.