In May, the economic sentiment indicator, published by the National Statistics Institute, inched down to 91.2 points from 91.6 points in April. The fall represented the fifth straight month of declining economic sentiment. A year-on-year comparison has the index just 0.6 points above the level observed in the same month the previous year. The disappointing result was mainly the result of a decline in the sub-index of consumer confidence, as greater scepticism was reported regarding future economic prospects for the year ahead, together with a less positive assessment concerning their own financial position, due to the upcoming planned austerity measures, which are likely to dent domestic demand going forward. In addition, the number of consumers expecting unemployment to increase rose slightly compared to the previous month. In contrast, business confidence improved marginally over the previous month, as the services sector showed a brighter assessment of their current business conditions as well as a better economic situation in the months to come.
Czech Republic Economic Sentiment
Economic sentiment falls for fifth consecutive month
May 24, 2011
Looking for forecasts related to Economic Sentiment in Czech Republic? Download a sample report now.
Czech Republic Economic News
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%.
September 26, 2016
The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from August’s 96.8 points to 97.1 points in September, marking a seven-month high.