República Checa PMI Industrial

The S&P Global Czechia Manufacturing PMI fell to 46.0 in November 2024, down from 47.2 in October, below the expected 46.7. The reading was indicative of a sharper contraction in the sector, and extending the current downturn to two and a half years. New orders and output both declined more steeply, with weak domestic and external demand, particularly from the German market. Purchasing activity also continued to decline, while firms reduced workforce numbers, although job cuts slowed to the weakest rate since March. On prices, input costs rose for the tenth consecutive month but at a slower pace, while selling prices fell again amid efforts to boost sales. Looking ahead, business confidence dropped to its lowest level since January, reflecting concerns about ongoing demand challenges and structural issues in key sectors.