Czech Manufacturing PMI Remains in Contraction in January

Manufacturing

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The Czech Republic's manufacturing PMI increased to 43 in January from 41.8 in the previous month, data from S&P Global on Thursday show, pointing to the 20th consecutive month of contraction in manufacturing activity.

New orders continued to fall, the sharpest in a year, despite a minor moderation in the rate of decrease, owing principally to weak domestic and external demand. Subsequently, production declined for the 20th consecutive month, with little change from the preceding month.

On the price front, input costs recorded a steeper drop in January, the second-slowest since April 2023, while output prices rose at the second-fastest rate since April 2010, as firms sought to price competitively and pass through lower costs to customers.

Finally, the level of confidence increased to a five-month high, mainly due to expectations of high domestic and external demand in 2024.

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