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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Czech RepublicCzech Republic Markit Manufacturing PMI fell to 56.5 in February 2022
FMPMonthlyReleased March 2022
Czech Republic Markit Manufacturing PMI fell to 56.5 in February 2022, released March 2022, down 2.5 from January's 59 reading. The reading matched the 58.5 consensus. Markit Manufacturing PMI has now declined for 3 consecutive months. Over the past 3 months, Markit Manufacturing PMI averaged 59.05, vs 56.66 in the prior 3-month window. The reading is in the 45th percentile of the trailing 24-month range.
Latest Release
56.5
Actual
58.5
Consensus
59
Previous
Median Absolute Error
±1.29
across last 12 releases
Last Call
Mar 2022
Predicted: 58.88
Actual: 56.5
Error: +2.38
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Markit Manufacturing PMI (Czech Republic) was reported at 56.50 in March 2022. This missed the market consensus of 58.50 by 2.00. The reading fell from the previous value of 59.00.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 58.20, up from the prior three at 56.73.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 1.29.
Auto-generated from current model state · Refreshes on each release · Last update March 2022.
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Markit Manufacturing PMI - CZ
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About Markit Manufacturing PMI — Czech Republic
DEFINITION
Markit Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in a particular country. It provides valuable insights into the health and growth of the economy by tracking changes in key factors such as production, new orders, employment, and supplier deliveries. This data is collected through surveys of purchasing managers in the manufacturing industry, making it a reliable and timely indicator of economic activity. Investors, policymakers, and businesses use Markit Manufacturing PMI to make informed decisions and stay ahead of market trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2022): actual 56.5, consensus 58.5. Prior reading (Jan 2022): 59. Before that (Dec 2021): 59.1.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.