In October, the economic sentiment indicator published by the Czech Statistical Office rose to 90.4 points from 87.6 points in September. The reading represented the first improvement after the index fell for almost nine uninterrupted months, reaching its lowest level since March 2010. The index now sits 1.2 points below the level registered in the same month last year. The rise in October was broad based, as both sub-components of business and consumer confidence improved over the previous month. While firms continue to hold a more pessimistic view of the current economic situation, the monthly rise in business confidence reflected businesses' more upbeat assessment of the economic situation in the next six months as well as higher expectations for an increase in total demand, particularly in the services and trade sectors. Meanwhile, consumer confidence also improved over the previous month, but continues to sit at similar levels to those seen during the financial crisis in 2009. According to the Statics Office, the reading showed that consumers are less afraid that the general economic situation will worsen in the year ahead. Consequently, respondents to the October survey assessed their own financial standing more optimistically compared to the previous month. Moreover, less respondents to the October survey expect a rise in unemployment.
Czech Republic Economic Sentiment
Economic sentiment rises in October
October 24, 2011
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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%.