The May the economic sentiment indicator published by the Czech Statistical Office fell to 85.3 points from 86.6 points in April, which represents the lowest level seen since December 2011. As a result of the monthly deterioration, the index now sits 5.9 points below the level observed in the same month last year. After improving slightly in April, consumer confidence plunged to levels not seen since 1999. According to the May survey, consumers revealed more concerns regarding the general economic situation in the next 12 months. Consequently, a majority of consumers also showed a more pessimistic assessment about their own financial situation. In contrast, fewer respondents in April expected unemployment to increase compared to the previous month. Moreover, the May survey displayed a deterioration in business confidence, with a majority of businesses showing more concerns about the current business situation and their business prospects for the next six months. Only firms in the trade sector were more optimistic about their six-month business expectations.
Czech Republic Economic Sentiment
Economic sentiment falls to five-month low dragged down by consumer confidence
May 24, 2012
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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%.