Czech PMI rises in Feb as manufacturing sector posts strongest growth in nearly three years.

By bne IntelliNews March 3, 2014

The purchasing managers index (PMI) for the Czech manufacturing industry continued to increase in February 2014 indicating the strongest overall improvement in operating conditions since April 2011, a survey compiled by financial information company Markit Economics for HSBC showed.

The index, which monitors output, new orders, employment, stock levels and prices in the goods-producing sector, rose to 56.5 points in the second month of the year from 55.9 points January and stayed above the 50-point mark that signals expansion of the sector for the tenth straight month. 

New orders grew for the ninth month in a row in February and at the fastest pace in three years thanks to a strong foreign demand. New business from abroad grew at the strongest pace since June 2010 and at the second-fastest in the survey’s history, Markit said.

Improving new business inflows helped output in the sector increase for the 11th straight month in February with the rate of expansion hitting a 34-month high. The growth was supported by a rise in employment albeit the pace of expansion eased to a five-month low. Despite the rise in output, backlogs of work also increased at the second-fastest rate since September 2011. Manufacturers also expanded their purchasing activity and stocks of new inputs.

Price pressures remained strong in February reflecting the weaker koruna. Input prices grew for the sixth month running in February, while output prices decreased for the first time in five months.

Related Articles

Poland’s PKN Orlen launches offer to delist Czechia’s Unipetrol

Poland’s state-controlled oil and gas company PKN Orlen has launched an offer to take over Czech refiner Unipetrol, the Polish company said on December 13. PKN Orlen said it will go through with ... more

Petr Kellner agrees to buy Skoda Transportation for reported €400mn

Petr Kellner, Central Europe’s richest man, has agreed to buy Skoda Transportation, the Czech manufacturer of electric trains, trams and ... more

CEFC and Penta reported to be bidding together for CME

CEFC, the acquisitive Chinese energy group, and Penta Investments, the closely-held Slovak financial group, are bidding together for Time Warner’s stake in Central European Media Enterprises (CME), ... more

Dismiss