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.

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Czech Republic Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
61.80 58.90 61.80 35.10 2011 - 2021 points Monthly
SA


News Stream
Czechia Factory Activity at All-Time High
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.
2021-06-01
Czech Republic Manufacturing PMI at Highest Since January 2018
The IHS Markit Czech Republic Manufacturing PMI rose to 58.9 in April of 2021 from 58 in the previous month, below market expectations of 59. The latest reading pointed to the sharpest improvement in operating conditions across the Czech manufacturing sector since January 2018. The latest upturn was steep overall and the eighth in as many months boosted by an unprecedented deterioration in vendor performance (ordinarily a signal of improving operating conditions), as output and new order growth eased slightly from those seen in March. Some firms noted that severe raw material shortages and supplier delays hampered production capacity. Concurrently, firms expanded workforce numbers at the sharpest pace since February 2018. Finally, output expectations among goods producers improved to a three-month high amid hopes of an end to the COVID-19 pandemic and a sustained rise in client demand.
2021-05-03
Czech Factory Activity Growth at Over 3-Year High
The IHS Markit Czech Republic Manufacturing PMI rose to 58 in March of 2021 from 56.5 in the previous month, in line with market expectations. The latest reading pointed to the seventh straight month of expansion in the factory sector and at the sharpest pace since February of 2018. New orders, output and employment increased sharply. Still, there were signs of further intensification in supply chain disruptions as vendor performance deteriorated to the greatest extent on record, with firms stating that transportation delays, COVID-19 restrictions and raw material shortages led to the unprecedented increase in input delivery times. As a result, the rate of input cost inflation hit a record high and the pace of charge inflation was the quickest since January 2008. Finally, business confidence was the second-highest since July 2018, linked to hopes of an end to the pandemic and looser restrictions on business operations.
2021-04-01
Czech Republic Manufacturing PMI Slows in February
The IHS Markit Czech Republic Manufacturing PMI edged down to 56.5 in February of 2021 from 57 in January and well below market forecasts of 58.1. The reading pointed to the slowest gain in manufacturing activity in 3 months. Growth in output and new orders remained historically strong although an unprecedented deterioration in vendor performance amid substantial supply chain disruption led to a marked increase in cost burdens. The fastest rise in input prices for almost a decade was met by only a modest increase in charges as firms sought to maintain competitiveness. Meanwhile, pressure on capacity pushed firms to hire more staff, as employment rose at the steepest rate since March 2018. Manufacturers were upbeat regarding the outlook for output over the coming year, amid new order growth and hopes of a successful vaccine roll-out.
2021-03-01

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.