The IHS Markit Czech Republic Manufacturing PMI increased to 50.7 in September of 2020 from 49.1 in August. The reading pointed to the first growth in factory activity since November of 2018 but below market forecasts of 51.3. Growth was largely driven by a faster increase in production and a return to expansion in new orders, as foreign client demand also picked up. Signs of sufficient capacity led to a further fall in employment, albeit with the rate of job shedding easing to the slowest since June 2019 amid greater new business inflows. As such, output expectations improved to the highest since October 2018 amid hopes of a further strengthening of client demand.
Manufacturing PMI in Czech Republic averaged 52.12 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 October of 2020. source: Markit Economics
Manufacturing PMI in Czech Republic is expected to be 51.00 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 50.00 points in 2021 and 51.00 points in 2022, according to our econometric models.