The seasonally-adjusted economic sentiment index published by the Czech Statistical Office fell to minus 3.8 points in September from minus 3.6 points in August. As a result of the monthly fall, the index is now 5.1 points below the level observed in the same month last year. Consumer confidence declined, as households continue to reveal increasing concerns about the general economic situation in the next 12 months. In addition, respondents to the September survey showed a more pessimistic assessment about both their own financial situation as well as regarding developments in the labour market. Meanwhile, the business confidence indicator improved for a second consecutive month in September. The reading reflected how rising confidence in selected services and in trade more than compensated for deteriorating sentiment in construction and industry.
Czech Republic Economic Sentiment
Economic sentiment drops in September
September 24, 2012
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Czech Republic Economic Sentiment Chart
Note: Economic Sentiment Indicator is in compliance with the EU methodology presented as a weighted average of seasonally adjusted confidence indicators in industry, construction, trade, selected services and seasonally adjusted consumer confidence indicator. Average of 2005 = 100.
Source: Czech Statistical Office (CSO).
Czech Republic Economic News
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%.
September 26, 2016
The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from August’s 96.8 points to 97.1 points in September, marking a seven-month high.