Czech Republic PMI

Czech Republic

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."

FocusEconomics Consensus Forecast participants see fixed investment increasing 3.9% in 2015, which is unchanged from last month’s projection. For 2016, panelists expect fixed investment to expand 4.1%.

Author: Teresa Kersting, Economist

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Czech Republic PMI Chart

Czech Republic PMI February 2015

Note: HSBC 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: HSBC and Markit.

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