Skyline of Prague, Czech Republic

Czech Republic PMI November 2018

Czech Republic: Manufacturing PMI slips to an over two-year low in November

The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit slipped from 52.5 in October to 51.8 in November, the fifth consecutive monthly fall and the lowest reading in over two years. Nevertheless, the PMI remained above the critical 50-point mark separating expansion from contraction in activity in the manufacturing sector.

November’s drop mainly reflected slower output growth and the first decline in new orders in over two years. Growth in production eased to an over two-year low amid subdued demand at home and abroad, while the contraction in new orders was largely driven by the introduction of new emission standards in the auto sector. On the price front, although input costs continued to rise sharply, output charge inflation moderated to an over one-year low, primarily due to the overall deterioration in demand conditions. Lastly, optimism among manufacturers dropped to the lowest point in nearly six years in November, as concerns over future demand and growth in the auto industry weighed on their outlook.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest