FX.co ★ Czechia Manufacturing Slump Slightly Eases

In November 2025, the S&P Global Czechia Manufacturing PMI edged up to 48.0 from 47.2 in the previous month, suggesting a slight moderation in the rate of contraction. Production saw its sharpest decline since January, primarily due to continuous decreases in new orders and disruptions in supply chains, notably those involving inputs impacted by China's export restrictions. Although overall new sales experienced a downturn, the rate of decline slowed, influenced by a renewed rise in new export orders—the first increase recorded since February 2022—thanks to initiatives in diversifying client portfolios. Companies continued to reduce employment levels and purchasing activity, while stocks of pre-production and finished goods diminished further. Regarding pricing, input costs surged at the most rapid rate since July, resulting in a marginal hike in selling prices, marking the first increase since May. While business confidence remained at historically low levels, it showed a slight improvement compared to October, as companies anticipated modest growth in output for the coming year.