In August, the economic sentiment indicator, published by the National Statistics Office, fell to 89.6 points from 90.8 points in July, registering the lowest level of economic sentiment since March 2010. The index now sits 2.9 points below the level observed in the same month last year. The August decline was broad-based, as both sub-components of business and consumer sentiment deteriorated over the previous month. The drop in business confidence reflected firms' more negative assessment about their current business situation along with less upbeat expectations for future favourable business conditions, particularly in the industrial and services sectors. Consumer confidence also dropped over the previous month, as consumers were markedly gloomier about the overall economic situation and about their own financial situation. In addition, the August survey saw more respondents expecting an increase in unemployment.
Czech Republic Economic Sentiment
Economic sentiment falls to 18-month low in August
August 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%.