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

Hungarian PM's "proxy" moves into the nuclear industry as Paks tenders approach

Firms controlled by Hungarian oligarch Lorinc Meszaros have purchased a 51% stake in the Hungarian subsidiary of Czech nuclear ... more

Czech PM accepts new nominee for finance minister

Reducing the political tension in the country a little, Czech Prime Minister Bohuslav Sobotka accepted on May 17 the nomination of a new finance minister from coalition partner Ano. Meanwhile, ... more

RBI doubles net profit y/y in Q1 as Russian business recovers

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, reported that net profit almost doubled year-on-year to €220mn in the first ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss