Czech Manufacturing PMI Remains in Contraction in January

Manufacturing

Photo by Gorodenkoff / Shutterstock.com

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. 

ADVERTISEMENT

Insurers' Premiums Revenue Climbs 5% in 2023 Figures

Insurers' Premiums Revenue Climbs 5% in 2023

Fidesz-KDNP Nominates Constitutional Court Head for Presiden... Government

Fidesz-KDNP Nominates Constitutional Court Head for Presiden...

Wider Margins Lift Magyar Telekom Earnings Telco

Wider Margins Lift Magyar Telekom Earnings

Hungarians Prioritizing Travel Over Renovations This Year Tourism

Hungarians Prioritizing Travel Over Renovations This Year

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.