The IHS Markit Czech Republic Manufacturing PMI rose to a new record high of 62.7 in June of 2021 from 61.8 in the previous month and beating market expectations of 62.0. Stronger client demand and the lifting of restrictions supported the fastest expansion in output in over three years. Both domestic and foreign demand were behind the improvement in new business, which rose the most in three and a half years. On the negative note, there was a historic deterioration in vendor performance amid the largest increase in backlogs of work in over a decade and unprecedented supplier delays, linked to raw material shortages. In response, goods producers expanded their workforces, although some firms noted difficulties in hiring adequate candidates. On the price front, both input and output inflation hit record highs. Finally, optimism among manufacturers regarding the year ahead climbed to a five-month high. source: Markit Economics
Manufacturing PMI in Czech Republic averaged 52.54 points from 2011 until 2021, reaching an all time high of 62.70 points in June 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 July of 2021.
Manufacturing PMI in Czech Republic is expected to be 55.50 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 54.20 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.