Skyline of Prague, Czech Republic

Czech Republic PMI April 2022

Czech Republic: Manufacturing PMI drops to lowest value in over one year in April

The S&P Global Manufacturing Purchasing Managers’ Index (PMI) dropped from March’s 54.7 to 54.4 in April, the lowest value since November 2020. However, the index remained above the critical 50-point threshold that separates an expansion from a contraction in manufacturing sector activity.

April’s reading chiefly reflected a sharper fall in new orders and a weaker pace of job creation. However, production rebounded, albeit mildly. Meanwhile, backlogs of work increased amid severe supply disruptions and supplier delays. On the price front, input costs surged amid soaring costs for a range of raw materials, while output prices rose at the second-highest pace on record. Lastly, output expectations picked up, although confidence was relatively weak due to concerns about inflation.

Commenting on the release, Siân Jones, senior economist at S&P Global, stated:

“The impact of inflationary pressures and Russia’s invasion of Ukraine on customer confidence has led to a further downward revision in our forecast for industrial production during 2022, with only a 0.6% increase now expected over the year.”

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