The economic sentiment index published by the Czech Statistical Office dropped to 82.2 points in November from 83.6 points in October. As a result of the fall, the index is now 4.4 points below the level recorded in the same month last year. The monthly drop reflected a deterioration in the business confidence sub-indicator, which fell to its lowest level in almost three years. The deterioration in business confidence was particularly felt in the construction, trade and industry sectors. In the services sector, business confidence remained unchanged over the previous month. On the other hand, the consumer confidence sub-index rose in November, reaching its highest level since February. The reading reflected consumers' less pessimistic assessment about the general economic situation in the next 12 months. Meanwhile, households' assessment of their own financial standing as well as regarding unemployment developments remained unchanged compared to the previous month.
Czech Republic Economic Sentiment
Economic sentiment falls to lowest level in over three years
November 26, 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 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%.