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.

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Czech Republic Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
47.00 44.90 59.80 35.10 2011 - 2020 points Monthly
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News Stream
Czech Factory Activity Falls the Least in Over a Year
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.
2020-08-03
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 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.