The March economic sentiment indicator published by the National Statistics Office inched up to 88.0 points from 87.9 points in February, which represents the highest level since October 2011. Despite the improvement, however, the index remains 4.6 points below the level observed in the same month last year. The March reading reflected an improvement in business sentiment. Accordingly, a majority of businesses continued to judge their current business situation as more favourable, while their expectations for the next six months remained unchanged compared to the previous month. Improving business confidence bodes well for investment going forward. On a negative note, consumer confidence declined sharply over the previous month. Respondents to the March survey showed concerns regarding general economic situation in the year ahead. Consumers also judge their own financial situation in more pessimistic terms compared to the previous month. Finally, a larger number of consumers expect unemployment to increase.
Czech Republic Economic Sentiment
Economic sentiment improves slightly in March
March 26, 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%.