The economic sentiment index rose from 92.7 points in November to 95.8 points in December. The increase saw the index reaching its highest level since August 2008. On an annual basis, the index is 11.7 points above the level observed in the same month last year. The increase in economic sentiment reflected improvements in consumer sentiment (+2.6 points) and business confidence (+3.2). Consumer confidence rose as a result of consumers' more optimistic assessment about economic prospects over the next twelve months, as well as improving expectations of their personal financial position. In addition, consumers expect positive developments in the labour market. Business confidence also improved, rising for the third consecutive month. This increase was reflected in stronger expectations regarding future economic activity due to a strengthening in domestic demand within the industrial and service sectors. In contrast, business sentiment in both the construction and trade sectors declined over the previous month, amid a less optimistic assessment about the current economic situation.
Czech Republic Economic Sentiment
Economic sentiment strengthens in December
December 27, 2010
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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%.