The economic sentiment index published by the Czech Statistical Office edged up to 83.6 points in October from 83.2 points in September. Despite the monthly increase, the index remains 6.8 points below the level recorded in the same month last year. The monthly improvement showed that, after falling to a four-month low in September, consumer confidence picked up in October, reflecting consumers' less pessimistic assessment about the general economic situation in the next 12 months. In addition, households were less pessimistic about both their own financial situation as well as regarding developments in the labour market. Simultaneously, the business confidence indicator remained unchanged compared to the previous month. The print reflected rising business confidence in the industrial and construction sectors, while sentiment deteriorated in selected services and trade.
Czech Republic Economic Sentiment
Economic sentiment improves in October
October 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.