Czech Republic PMI December 2021

Czech Republic

Czech Republic: Manufacturing PMI rises in December

January 3, 2022

The IHS Markit Manufacturing Purchasing Managers' Index (PMI) rose to 59.1 in December from November's 57.1. Therefore, the index moved further above the 50-threshold, signaling a stronger improvement in business conditions from the previous month.

December’s reading chiefly reflected faster increases in output and new orders, despite persisting supply chain disruptions. Moreover, companies hired additional staff and purchasing activity also increased. On the price front, both input and output cost inflation softened but remained elevated, fueled by higher costs for energy, materials and transportation. Lastly, sentiment regarding the outlook improved amid strong demand projections and easing concerns over Covid-19-related disruptions.

Commenting on the release, Siân Jones, senior economist at IHS Markit, stated:

“Czech manufacturing firms continued to signal gathering growth momentum as 2021 comes to a close […]. Nonetheless, pressure on capacity remained stark and backlogs of work grew steeply.”

FocusEconomics panelists see fixed investment expanding 6.6% in 2022, which is down 0.4 percentage points from last month’s projection, and growing 4.7% in 2023.


Author: Massimo Bassetti, Senior Economist

Sample Report

Looking for forecasts related to PMI in Czech Republic? Download a sample report now.

Download

Czech Republic PMI Chart


Czech Republic PMI December 2021

Note: IHS Markit Manufacturing Purchasing Managers’ Index (PMI). A reading above 50 indicates an improvement in operating conditions while a value below 50 points to a deterioration.
Source: IHS Markit.


Czech Republic Economic News

More news

Search form