Financial News: Czech Factory Activity Remains In Contraction

Czech Factory Activity Remains In Contraction

06/02/2025 - 07:55:00 (RTTNews)

(RTTNews) - The Czech Republic's manufacturing activity deteriorated at the fastest pace in three months in May amid a renewed fall in new orders, survey data from S&P Global showed on Monday.

The purchasing managers' index, or PMI, for the manufacturing sector dropped to 48.0 in May from 48.9 in April. Any reading below 50 indicates contraction in the sector.

Weak demand conditions and client uncertainty reportedly drove the solid decrease in new sales, with new export orders declining further, the agency said.

Firms faced shortages of certain raw materials, including foodstuff along with supplier capacity issues.

On the price front, cost pressures intensified in May due to material shortages and higher energy bills. The rate of cost inflation was the second-steepest since July 2024. As a result, selling prices rose further.

Looking ahead, firms remained upbeat in the year-ahead outlook for output as confidence rose to the highest in over three years.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

European Economic News Preview: Eurozone Final Composite PMI Due (23 min(s), 44 sec(s) ago)
(RTTNews) - Composite Purchasing Managers' survey results from Eurozone and the UK are due on ...Full Story»

Australia GDP Adds 0.2% On Quarter In Q1 (35 min(s), 16 sec(s) ago)
(RTTNews) - Australia's gross domestic product expanded a seasonally adjusted 0.2 percent on q ...Full Story»

Australia Services PMI Ebbs In May - S&P Global (43 min(s), 16 sec(s) ago)
(RTTNews) - The services sector in Australia continued to expand in May, albeit it at a slower pac ...Full Story»

Australia GDP Data Due On Wednesday (31 min(s), 16 sec(s) ago)
(RTTNews) - Australia will on Wednesday release Q1 numbers for gross domestic product, highlightin ...Full Story»

U.S. Job Openings Unexpectedly Increase In April (01 min(s), 16 sec(s) ago)
(RTTNews) - Job openings in the U.S. unexpectedly increased in the month of April, according to a ...Full Story»

U.S. Factory Orders Pull Back Sharply In April (40 min(s), 16 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Tuesday showed a substantial pullback ...Full Story»

Croatia Inflation Accelerates To 3.5% In May (15 min(s), 16 sec(s) ago)
(RTTNews) - Consumer price inflation in Croatia climbed in May to its highest level in three month ...Full Story»

Eurozone Inflation Falls Below 2% Target To Boost ECB Rate Cut Hopes (21 min(s), 16 sec(s) ago)
(RTTNews) - Euro area inflation fell below the 2 percent target in May largely due to the slowdown ...Full Story»