Skyline of Prague, Czech Republic

Czech Republic PMI October 2019

Czech Republic: Manufacturing PMI ticks up in October but remains stuck in contractionary territory

The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, inched up from 44.9 in September to 45.0 in October. Despite the uptick, the index remained well below the critical 50-mark separating expansion from contraction in activity in the manufacturing sector, where it has been for the past 11 months.

October’s increase was mainly driven by softer falls in both output and new orders. Notably, although the rates of decline in new orders and new export business moderated slightly compared to September, they were among the sharpest since 2009 amid subdued demand from the automotive sector. On the price front, input cost inflation ticked up, and firms lifted output charges for the first time in three months despite a weak demand environment. Lastly, manufacturers shed jobs at the fastest rate in nearly a decade, and turned pessimistic for the first time since December 2012 due to their bleak assessment over demand conditions ahead.

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