Czech Republic Manufacturing PMI

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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.

Latest Updates

The S&P Global Czechia Manufacturing PMI fell to 46.0 in November 2024, down from 47.2 in October, below the expected 46.7. The reading was indicative of a sharper contraction in the sector, and extending the current downturn to two and a half years. New orders and output both declined more steeply, with weak domestic and external demand, particularly from the German market. Purchasing activity also continued to decline, while firms reduced workforce numbers, although job cuts slowed to the weakest rate since March. On prices, input costs rose for the tenth consecutive month but at a slower pace, while selling prices fell again amid efforts to boost sales. Looking ahead, business confidence dropped to its lowest level since January, reflecting concerns about ongoing demand challenges and structural issues in key sectors.