The IHS Markit Czech Republic Manufacturing PMI rose to 47.0 in July of 2020 from 44.9 in the previous month but below market expectations of 49.5. The reading pointed to the slowest contraction in the country's factory sector in over a year, as output grew for the first time since November of 2018 and the rate of decline in new orders was the softest since January of 2019. Firms continued to cut their workforce numbers as spare capacity remained evident. Regarding prices, the rate of input price inflation was the fastest since May 2019, as suppliers hiked the price of raw materials and essential components. However, firms continued to discount with selling prices falling at a marginal rate that was the slowest in the current seven-month sequence of decline. Finally, output expectations for the year improved to the strongest since October 2018 amid hopes of a recovery following the reopening of many economies.
Manufacturing PMI in Czech Republic averaged 52.16 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 August 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.