Czech Republic PMI

Czech Republic

Czech Republic: Manufacturing PMI reaches lowest level in over a year

January 2, 2015

The manufacturing Purchasing Managers’ Index (PMI), elaborated by HSBC in collaboration with Markit, fell from 55.6 in November to 53.3 in December, which marked the lowest level since July 2013. Despite the drop, the manufacturing PMI remains above the 50-threshold, where it has been since May 2013.

December’s result came on the back of decreases in the indices of output, new orders, employment and stock of purchases. According to HSBC/Markit, the PMI index averaged 54.4 in the fourth quarter, which marked the lowest level in a year. HSBC/Markit added that, "the better than expected flash reading of the German PMI in December is some consolation. But 2015 is shaping up as a challenging year with growth vulnerable to weak external demand.”

FocusEconomics Consensus Forecast participants see fixed investment increasing 3.8% in 2015, which is unchanged from last month’s projection. For 2016, panelists expect fixed investment to expand 4.2%.

Author:, Senior Economist

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Czech Republic PMI Chart

Czech Republic PMI December 2014

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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