PMI up to 51.9pts, contracts grow

Published: 09.11.2020 Related countries:  Czech Republic Czech Republic

PMI up to 51.9pts, contracts grow

The Purchasing Managers' Index (PMI) for the Czech Republic for October 2020 rose month-on-month to 51.9 points from 50.7. IHS Markit informed that current data signaled the sixth monthly increase in the index and a greater departure from the significant decline in April. Operating conditions in the Czech manufacturing sector have slightly improved. Due to continued growth in production and new orders, the increase was the fastest since October 2018. The pace of expansion of new order volumes was the sharpest in more than two years, with exports growing at the highest rate since June 2018. Companies were, however, less optimistic with the 12-month outlooks and their confidence dropped to a four-month low.

 

Source ČIA, CzechTrade team Calgary