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Czech Republic PMI March 2024

Czech Republic: Czech Republic manufacturing PMI shows softening deterioration

The S&P Global Czech Republic Manufacturing Purchasing Managers’ Index (PMI) rose to 46.2 in March from 44.3 in February. As a result, the index remained below the 50.0 no-change threshold, but signaled a softer deterioration in manufacturing sector operating conditions compared to the previous month.

Key drivers behind the latest PMI reading include a softer decrease in output and new orders. Moreover, employment decreased at the weakest rate in 18 months. Additionally, a more optimistic business outlook, supported by hopes of a rebound in demand, contributed to the improvement.

Regarding prices, input costs increased for the second consecutive month and at the fastest pace since February 2023, while selling prices continued to fall as firms sought to remain competitive and stimulate new sales.

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