The economic sentiment index published by the Czech Statistical Office edged up to 83.4 points in August from 83.2 points in July. The figure represents the first monthly improvement since March, and drove the index to levels last seen in November 2009. Nonetheless, despite the improvement, the index is 6.2 points below the level observed in the same month last year. The August improvement showed that after having reached a record-low in May, consumer confidence improved for a third consecutive month. Although consumers continue to show concerns about the general economic situation in the next 12 months, respondents to the survey revealed a less pessimistic assessment about their own financial situation compared to the previous month. In addition, the number of respondents expecting unemployment to increase remained unchanged over the previous month. Meanwhile, the business confidence indicator remained unchanged in August, ending a downward trajectory in place since April. The reading reflected how rising business confidence in services offset declining business sentiment in the industrial and trade sectors.
Czech Republic Economic Sentiment
Economic sentiment improves for the first time in five months
August 24, 2012
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Czech Republic Economic Sentiment Chart
Note: Economic Sentiment Indicator is in compliance with the EU methodology presented as a weighted average of seasonally adjusted confidence indicators in industry, construction, trade, selected services and seasonally adjusted consumer confidence indicator. Average of 2005 = 100.
Source: Czech Statistical Office (CSO).
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%.