In March, the economic sentiment index, published by the National Statistics Office, fell to 92.6 points from 94.2 points in February. The decline represented the third consecutive month of deteriorating economic sentiment. While the index remains 5.6 points above the level observed in the same month last year, it continues to sit below the 100-point threshold that separates optimistic from pessimistic sentiment. The monthly fall reflected deteriorations in both components of the index (consumer and business confidence), particularly consumer sentiment, which fell 7.7 points, the sharpest decline since October 2008. Consumer confidence dropped on the back of consumers' pessimistic assessment about future economic prospects for the year ahead, as well as a less optimistic assessment about their own financial situation. Business confidence also dropped, mainly as result of expectations of weaker conditions in the trade and industrial sectors.
Czech Republic Economic Sentiment
Economic sentiment falls for third consecutive month
March 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%.