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Czech Republic PMI January 2024

Czech Republic: Manufacturing PMI rises in January

The S&P Global Czech Republic Manufacturing Purchasing Managers Index (PMI) improved to 43.0 in January from 41.8 in December. As a result, the index remained below the 50.0 no-change threshold, but signaled a softer deterioration in manufacturing sector operating conditions compared to the previous month.

The manufacturing sector in 2024 started in a steep decline, with substantial falls in output and new orders. Cost burdens and selling prices also fell at a faster rate, and supply chain improvement was dampened by maritime disruption. Despite some optimism among firms for stronger demand conditions in the future, the sector remains firmly in contraction.

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