Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  October 01, 2010 13:41:24

HSBC: Czech PMI in September shows the best performance since August 2007


Summary

PMI data from the Czech manufacturing sector, worked for the bank HSBC Markit, suggests that at the end of the third quarter, this sector continues to flourish. Home Manufacturing PMI ™ for the Czech Republic grew by HSBC for the second month in a row and the value of 58.0 points signaled the fastest overall improvement in business conditions since August 2007.

The volume of new orders grew in September fourteenth month in a row, and a strong pace. Firms indicated that contributed to improving the prognosis both domestic and export markets, the main driver of exports was recently reportedly demand in Germany.

Manufacturing recorded a growth rate weaker than in August, but still was a significant improvement. Production is growing every month since August 2009. Despite recent strong growth rate continues to increase production backlogs, suggesting a limited capacity and delayed deliveries from suppliers. Overall, supplier delivery times lengthened fourth fastest monthly pace since the beginning of the survey (July 2001).Despite the long lead times the volume of stocks of inputs rose slightly in September, which reflected the efforts of companies to prepare for new business and build up buffer stocks.

Employment in the Czech manufacturing sector grew in September the seventh month in a row, and the fastest pace since August 2007. Firms recruit additional staff directly connected with the growth of the volume of work and improving the status of orders.

Shortages of raw materials in September led to an increase in input prices. Prices of metals, plastics, paper, textile, food and electronics. The rate of growth of input prices remained high, but since the May peak survey for the fourth time in succession weakened.

Higher average prices of inputs in September led to an overall increase in prices charged by Czech manufacturers. The last was the fourth increase in five months, but remained very weak. Most respondents said that due to competitive pressures during the month did not raise prices.

Comment

Kubilay Ozturk, economist at HSBC, commented manufacturing PMI survey in the Czech Republic words:

"The manufacturing PMI index for the Czech Republic in September to maintain the growth trend -   production, new orders and employment all increased during this month. The rate of production growth softened slightly, but the average monthly increase between the months of July to September was slightly above the average for the previous three-month period, and the Czechs can therefore look forward to growth of GDP in the third quarter.Even more important is that continuous improvement in production runs both domestic and foreign demand. Strong position in both markets is also reflected in a marked increase in manufacturing employment, which further strengthens the consumption of households that already this year pleasantly surprised. After a brief decline in August output prices in September jumped up, albeit only slightly. This confirmed the expectation that for now there is no significant inflationary pressures in the short term interest rates remain low. "

Key points

·          The volume of production and new orders continued to grow rapidly.

·          Employment has grown rapidly over the last three years.

·          Shortages of raw materials led to higher input prices and delays of suppliers.

Petr Plocek, PR Manager, HSBC Bank plc

Was this article: 10 | 8 | 6 | 4 | 2 | 0


Last news from the section Macroeconomics:

So 13:22  Máte peníze v akciích? Pak se na tyhle grafy nedívejte Research (Investicniweb.cz)
So   9:06  ČR - HDP ve 2Q rostl o vysokých 4,5% r/r ČSÚ (ČSÚ)
Pá 22:01  Wall Street Closing Bell & výhled na týden od 21. 8. 17 Grant Capital (Grant Capital)
Pá 21:42  Domácí HDP vyskočil a pomohl koruně k mírným ziskům Investiční bankovnictví (Komerční banka)

Read also:

October 01, 2015PMI v eurozóně ukazuje na slušný třetí kvartál Patria (Patria Online)
December 02, 2013PMI ukazuje na pozitivní vývoj v českém průmyslu FINAPRA Capital a.s. (FINAPRA Capital a.s.)

HSBC: Český PMI v září ukazuje na nejlepší výkon od srpna 2007

Diskuze a názory

Na dané téma nejsou žádné názory.


Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze
Kurzy.cz - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2017

Kurzy.cz, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688