Czech Republic: Manufacturing PMI moderates in February
March 2, 2015
In February, the manufacturing Purchasing Managers’ Index (PMI), elaborated by HSBC in collaboration with Markit, decreased from January’s 56.1, which had represented the best result since July 2014, to 55.6. However, the manufacturing PMI remains comfortably above the 50-threshold, where it has been since May 2013.
February’s slight moderation mainly reflects a slower growth pace of new orders, output and new business, particularly in export markets. However, backlogs of work, employment, purchasing activity and delivery times all increased compared to the previous month. Regarding price development, input and output prices both inched down compared to February. HSBC/Markit commented that despite the slight overall deterioration observed in February, “[t]he latest PMI results underscore the Czech manufacturing sector’s strong start to 2015."