The IHS Markit Czech Republic Manufacturing PMI rose to 58.9 in April of 2021 from 58 in the previous month, below market expectations of 59. The latest reading pointed to the sharpest improvement in operating conditions across the Czech manufacturing sector since January 2018. The latest upturn was steep overall and the eighth in as many months boosted by an unprecedented deterioration in vendor performance (ordinarily a signal of improving operating conditions), as output and new order growth eased slightly from those seen in March. Some firms noted that severe raw material shortages and supplier delays hampered production capacity. Concurrently, firms expanded workforce numbers at the sharpest pace since February 2018. Finally, output expectations among goods producers improved to a three-month high amid hopes of an end to the COVID-19 pandemic and a sustained rise in client demand. source: Markit Economics
Manufacturing PMI in Czech Republic averaged 52.37 points from 2011 until 2021, 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 May of 2021.
Manufacturing PMI in Czech Republic is expected to be 58.30 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 54.80 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.