The IHS Markit Czech Republic Manufacturing PMI fell to 49 in June of 2022, from 52.3 in the prior month, worse than market estimates of 51.5. The latest reading pointed to the first contraction in the country's manufacturing sector since August of 2020, albeit only marginally. Output fell at the fastest pace since May of 2020 as the rate of decline in new orders was sharp and the quickest for two years, with inflation and supplier delays weighing on client demand. New export orders also decreased significantly, reflecting inflationary pressures in international markets. Employment shrank for the first time since September of 2020 and purchasing activity went down. On the price front, the rate of input cost inflation remained historically elevated in June, despite slowing to a 16-month low. The rate of charge inflation was also the softest in a year. Looking forward, business sentiment slipped to the second-lowest in two years in June, due to concerns over prices. source: Markit Economics
Manufacturing PMI in Czech Republic averaged 52.92 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 July of 2022.
Manufacturing PMI in Czech Republic is expected to be 50.60 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.