Manufacturing PMIs (Apr.)

April’s manufacturing PMIs for Emerging Europe fell off a cliff and point to industrial production declining at a record pace in Q2. With lockdown measures being lifted activity in The Czech Republic, activity is likely to bounce back quicker than in Russia where restrictions will remain in place for some time.
Liam Peach Emerging Markets Economist
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Emerging Europe Data Response

Manufacturing PMIs (May)

The rise in the manufacturing PMIs to fresh record highs for Czechia and Poland in May was driven by output and new orders, but supply issues have continued to push up input and output prices. In contrast, Turkey’s PMI fell to a 12-month low, but should rise this month now that the lockdown has been lifted.

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