The economic sentiment indicator published by the Czech Statistical Office (CSO) rose from 91.2 points in February to 92.4 points in March. The reading reflected higher confidence among business and consumers. As a result of the increase, the index moved closer to the 100-point long-term average. Business confidence reached the highest level since October 2011, reflecting increased confidence in the industrial sector and in services. Business confidence regarding trade was unchanged, while it decreased in construction. FocusEconomics panelists see fixed investment increasing 1.7% in 2014, which is up 0.3 percentage points from last month's projection. For 2015, panelists expect investment to expand 3.2%. Confidence among consumers increased notably in March, reflecting households' more optimistic views regarding the country's overall economic situation for the next 12 months as well as their future financial situations. In addition, consumers' views on the future conditions in the labor market improved over the previous month. FocusEconomics panelists expect private consumption to expand 0.9% in 2014, which is up 0.1 percentage points from last month's projection. For 2015, the panel sees private consumption growing 1.6%.
Czech Republic Economic Sentiment
Economic sentiment reaches three-year high
March 24, 2014
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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%.