The IHS Markit Czech Republic Manufacturing PMI fell to 52.3 in May of 2022, from 54.4 in the prior month, worse than the forecast of 53.8. The latest reading indicated a substantial gain in the soundness of the Czech manufacturing sector, albeit the slowest since October 2020, amid a further contraction in new orders, inflationary pressures, and the softest upturn in employment since October 2021. However, there was a continued rise in output, but the pace of increase was smooth amid material shortages and weaker client demand. Meanwhile, companies increased stocks of finished goods. On the price front, inflationary pressures remained considerable, pushed higher by material shortages. Finally, output expectations remained upbeat in May as more firms anticipated increases in output over the coming year. However, participants were concerned by inconsistent supply chains and the confict in Ukraine. source: Markit Economics
Manufacturing PMI in Czech Republic averaged 52.95 points from 2011 until 2022, 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 June of 2022.
Manufacturing PMI in Czech Republic is expected to be 52.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic Manufacturing PMI is projected to trend around 52.90 points in 2023 and 53.00 points in 2024, according to our econometric models.