The February economic sentiment indicator published by the National Statistics Office inched up to 87.9 points from 87.2 points in January, which represents the second consecutive monthly improvement and the highest level since October 2011. Despite the improvement, however, the index remains 6.3 points below the level observed in the same month last year. The February rise reflected an improvement in the business confidence sub-indicator, whereas the consumer confidence sub-index declined over the previous month. Accordingly, a majority of firms assessed their current business situation as more favourable, while their business expectations for the next three months also improved over the previous month. Improving business confidence therefore bodes well for investment going forward. On the other hand, consumer confidence declined in February following January's improvement. Respondents to the February survey displayed more concern that the general economic situation will worsen in the next 12 months. Consumers also assessed their own financial situation more pessimistically compared to the previous month. Finally, fewer respondents expect unemployment to increase.
Czech Republic Economic Sentiment
Economic sentiment improves for second month in a row
February 24, 2012
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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.