Skyline of Prague, Czech Republic

Czech Republic PMI April 2024

Czech Republic: Czech manufacturing sector faces downturn amid inflation

The S&P Global Czech Republic Manufacturing Purchasing Managers’ Index (PMI) fell to 44.7 in April from 46.2 in March. As a result, the index moved further below the 50.0 no-change threshold, and signaled a faster deterioration in manufacturing sector operating conditions compared to the previous month.

April’s downturn in the Czech manufacturing sector was primarily driven by stronger contractions in production and new orders, alongside a sharper fall in employment due to softer expectations for future output.

Inflationary pressures in the Czech manufacturing sector intensified, with a third consecutive monthly increase in input costs, largely due to higher energy and food prices and unfavorable exchange rate movements against the Euro. This led firms to raise their output charges for the first time in a year. Meanwhile, business sentiment dipped slightly from March’s high, despite being the second-highest in two years, with firms hopeful for a rebound in client demand.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest