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Czech manufacturing PMI eases in February

Manufacturing

The headline seasonally adjusted IHS Markit Czech Republic manufacturing PMI fell to a four-month low of 56.5 in February from 59 in the previous month.

Still, the latest reading signaled strong performance in the Czech manufacturing sector for the second straight month of 2022.

Output and new orders continued to expand sharply, albeit with growth rates coming down from January's recent highs.

As a result, the rate of job creation also softened.

On the price front, rising energy prices and input shortages continued to drive costs higher, but pace of inflation was at one year-low.

Consequently, output charges eased to an eight-month low. Finally, business optimism picked up to 46-month high driven by robust increase in demand.

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