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2025-08-01 16:08:28
Czech Manufacturing PMI Unexpectedly Contracts in July, Employment Decline Intensifies (1) The Czech manufacturing PMI fell to 49.7 in July from 50.2 in June, below the market expectation of 50.2, indicating a further deterioration in the operating environment. (2) The accelerated pace of job cuts, the fastest decline since April, was the main drag on the data. (3) Output and new orders maintained growth, but at a limited pace, while new export orders declined further. (4) Supplier delivery times lengthened again, making it challenging for companies to process backlogs. (5) Companies reduced raw material purchases and inventories, prioritizing inventory optimization and cost-cutting measures. (6) Input cost growth hit a six-month low, while falling output prices reflected companies' efforts to maintain competitiveness. (7) While future output expectations remain historically high, manufacturer confidence has fallen to a three-month low amid geopolitical and economic uncertainty.
