Czech Rep. Economic Outlook
October 4, 2016GDP growth remained healthy but decelerated in Q2, mainly due to the drying up of EU investment funds. On the upside, the external sector continued to be a bright spot. High-frequency data for Q3 paint a mixed picture. Industrial production plunged in July, although the data were distorted by company-wide holidays. In September, the Manufacturing PMI moved further into positive territory, but it nevertheless remains at historically low levels after showing significant volatility in the past few months. In more positive news, economic sentiment improved in September and hit a seven-month high, reflecting substantial stability in business sentiment and a significant advance in consumer confidence. In August, unemployment declined, remaining at historically low levels. The labor market is in good shape, which is pushing up wages. This, together with low inflation, is increasing disposable income.
Czech Republic Economy Data
5 years of Czech Republic economic forecasts for more than 30 economic indicators.
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Czech Republic Facts
|Bond Yield||0.41||0.0 %||Oct 21|
|Exchange Rate||24.82||0.88 %||Oct 21|
|Stock Market||928||0.75 %||Oct 21|
Czech Republic Economic Growth
October 4, 2016The economy will lose steam this year, dragged down by declining investment, but solid private consumption and buoyant exports will still guarantee a healthy pace of growth. The main downside risks come from the slowdown in the EU economy and the drying up of FDI that could stem from a badly handled Brexit. Panelists see GDP growth of 2.5% in 2016, which is unchanged from last month’s forecast. For next year, they see growth ticking up to 2.6%.
Czech Republic Economic News
October 24, 2016
The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from September’s 97.1 points to 97.5 points in October, marking a nine-month high.
October 10, 2016
In September, consumer prices fell 0.2% from the previous month, matching August’s reading.
October 7, 2016
Industrial production grew 13.1% year-on-year in August, which sharply contrasted the 14.1% fall registered in July and was the best result since May 2011.
October 3, 2016
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit rose from August’s 50.1 to a four-month high of 52.0 in September.
September 29, 2016
At its meeting on 29 September, the Czech National Bank (CNB) decided to leave the two-week repo rate unchanged at its so-called “technical zero” of 0.05%.