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捷克共和国 Czech Republic
标准普尔全球捷克制造业采购经理人指数从8月的49.4降至2025年9月的49.2,略高于市场预期的49.0,标志着自5月以来经营状况的最大跌幅。经济衰退的原因是新订单再次下降,包括在主要欧洲市场疲软的情况下,出口需求出现了四个月来最快的下降。产出也连续第二个月收缩,尽管幅度不大,而由于需求疲软,企业再次减少了就业和投入购买。裁员人数略有缓解,积压人数以2022年2月以来的最快速度增加。与此同时,疲软的投入需求有助于抑制成本压力,投入价格以2025年迄今为止最慢的速度上涨,而由于竞争激烈,销售价格进一步下跌。然而,受客户需求反弹、新产品投资和市场扩张预期的支撑,商业信心升至三个月高点。
The S&P Global Czechia Manufacturing PMI fell to 49.2 in September 2025 from 49.4 in August, slightly above market expectations of 49.0 and marking the sharpest decline in operating conditions since May. The downturn was driven by a renewed drop in new orders, including the fastest fall in export demand in four months amid weak conditions in key European markets. Output also contracted for a second straight month, though only marginally, while firms reduced employment and input buying again due to subdued demand. Job shedding eased slightly as backlogs rose at the quickest since February 2022. At the same time, muted input demand helped curb cost pressures, with input prices rising at the slowest pace of 2025 so far, while selling prices dropped further due to strong competition. Nevertheless, business confidence rose to a three-month high, supported by expectations of a rebound in customer demand, investment in new products, and market expansion.