Czech Republic PMI April 2019

Czech Republic

Czech Republic: Manufacturing PMI dips to lowest point since late-2012 in April

May 2, 2019

The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, fell from 47.3 in March to 46.6 in April, marking the fifth successive monthly contraction of the all-important sector and the lowest reading since December 2012. Consequently, the index moved further below the critical 50-point mark separating expansion from contraction in activity in the manufacturing sector.

April’s downturn reflected continued declines in output, new orders and employment. Due to weaker client demand, production dipped for the fifth month in a row, albeit at a softer pace than in March, while new orders fell yet again in April. Subdued demand conditions also led manufacturers to sharply reduce their staff levels in the surveyed month. On the price front, input cost inflation eased to an over two-year low and output inflation also moderated, but remained solid nonetheless. Lastly, optimism among firms was subdued, in part reflecting concerns over anemic demand from European customers.

FocusEconomics Consensus Forecast participants see fixed investment increasing 4.3% in 2019, which is unchanged from last month’s projection. For 2020, panelists expect fixed investment to expand 3.5%.

Author:, Economist

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Czech Republic PMI Chart

Czech Republic PMI April 2019

Note: IHS Markit Manufacturing Purchasing Managers’ Index (PMI). A reading above 50 indicates an expansion in business activity while a value below 50 points to a contraction.
Source: IHS Markit.

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