Tschechische Republik - Herstellungs PMI

The IHS Markit Czech Republic Manufacturing PMI dropped to 43.5 in November of 2019 from 45 in October and well below market expectations of 45. The reading pointed to the 12th straight month of contraction in factory activity and one of the worst performances since mid-2009. Output fell sharply and new business and new export orders also declined as challenging demand conditions reportedly stemmed from ongoing difficulties in the automotive sector, a slowdown in global manufacturing and trade wars. Also, the rate of job shedding was the fastest for over a decade. On the price front, input prices fell for the first time since April of 2016 amid lower demand for inputs and a resulting increase in discounts from suppliers. Nonetheless, manufacturers raised their charges at the quickest pace for six months. Finally, business confidence touched a record low as fears for the broader economy weighed on firms' expectations.

The IHS Markit Czech Republic Manufacturing PMI edged up to 45.0 in October 2019 from 44.9 in the previous month. The reading pointed to the eleventh straight month of contraction in the manufacturing sector but the softest since June. The rate of decline in both new orders and new export eased slightly; while employment fell at fastest rate for almost a decade. On the price front, input costs rose as lower demand for inputs limited supplier pricing power; while output costs increased for the first time since July despite weak demand conditions. Finally, sentiment towards output over the coming year were negative for the first time since December 2012, as hopes of a pick-up in demand waned.

The IHS Markit Czech Republic Manufacturing PMI stood at 44.9 in September 2019, unchanged from the previous months but above market expectations of 43.7. Despite the rates of contraction in output and new orders softened slightly, the decline in employment was the fastest since November 2009. In terms of prices, input prices rose at the second-slowest rate since mid-2016 and output charges fell further, with firms reporting pressure from clients to discount. Looking ahead, business confidence towards output over the coming 12 months remained at the lowest level since December 2012 amid concerns over the ongoing trade war and subdued demand.

The IHS Markit Czech Republic Manufacturing PMI increased to 44.9 in August of 2019 from 43.1 in the previous month and above market expectations of 43.5. Production dropped less and new business fell at a slightly softer pace than that seen in July. Still, it was the second-fastest drop in new orders since April 2009, as the rate of decline in new business from abroad accelerated to the quickest for over a decade. On the price front, the rate of input cost inflation picked up; while output prices fell for the first time since October 2016, due to greater competition and pressure to discount. Finally, business confidence towards output over the coming 12 months was at its lowest since December 2012 amid concerns surrounding the sustained drop in external client demand.

The IHS Markit Czech Republic Manufacturing PMI fell to 43.1 in July of 2019 from 45.9 in the previous month and against market expectations of 45.5. The reading pointed to the eighth straight month of contraction in the manufacturing sector and the sharpest since June of 2009, driven by quicker falls in both output and new orders, as well as an acceleration in the rate of job cutting. On the price front, input costs eased for the fifth straight month and at the softest pace since April 2016, while output charge rose only marginally. Finally, business confidence fell to the lowest since December 2012.

The IHS Markit Czech Republic Manufacturing PMI came in at 46.6 in May of 2019, unchanged from the previous month, remaining the sharpest contraction since December of 2012 but slightly above market expectations of 46.5. Production and new orders fell at a sharper rate and employment decreased for the third successive month. On the price front, input prices rose at the softest pace since September 2016 while output prices continued to increase at a solid rate. Finally, output expectations for the year ahead remained historically subdued.