Czech Republic: Manufacturing PMI reaches six-month high in January
February 2, 2015
In January, the manufacturing Purchasing Managers’ Index (PMI), elaborated by HSBC in collaboration with Markit, recovered the ground lost in the previous month as it rose from 53.3 in December to 56.1. The print represents the best result since July 2014. As a consequence, the manufacturing PMI moved further above the 50-threshold, where it has been since May 2013.
January’s improvement in manufacturing business conditions was broad-based. According to HSBC, stronger demand and lower input prices largely contributed to the result. In addition, new orders, exports and employment grew at faster rates than in December. HSBC/Markit commented that the, “January manufacturing PMI marks a strong start to the year,” and that it, “supports the current CNB rhetoric of robust growth outlook outweighing short-term positive supply side shock. Still it also confirms deflationary risks in the near-term.”