The S&P Global Czechia Manufacturing PMI fell to 48.0 in May 2025 from 48.9 in the previous month, coming in below market expectations of 49.4. This marked the steepest downturn since February, primarily driven by a renewed contraction in new orders, which declined at a solid pace—the fastest since January—amid ongoing economic uncertainty and weak demand both domestically and externally. Meanwhile, firms reported a slightly softer pace of job shedding. On the price front, input cost inflation accelerated due to supplier shortages and higher energy bills, though selling price increases remained historically subdued. Looking ahead, business confidence rose to its highest level since February 2022, supported by hopes of a demand rebound and new product development.