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Czech Republic PMI November 2021

Czech Republic: Manufacturing PMI rises in November

The IHS Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 57.1 in November from October’s 55.1. Therefore, the index moved further above the 50-threshold, signaling a stronger improvement in business conditions from the previous month.

November’s reading chiefly reflected renewed increases in output and new orders, despite persisting supply chains disruptions. Meanwhile, companies hired additional staff, and purchasing activity also increased. On the price front, both input and output cost inflation accelerated, fueled by soaring supplier and energy costs. Lastly, sentiment regarding the outlook moderated amid concerns over energy supply and client demand.

Commenting on the release, Siân Jones, senior economist at IHS Markit, stated:

“Although firms regained some growth momentum during November, the resurgence of COVID-19 outbreaks in Europe and unstable demand conditions due to supply shortages may further weigh on the recovery over the coming months.”

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