The economic sentiment index published by the Czech Statistical Office fell to 83.2 points in July from 84.6 points in June, driving the index to levels last seen in November 2009. As a result of the monthly decline, the index is now 7.6 points below the level observed in the same month last year. The monthly drop mainly reflected a further deterioration in business confidence, with the corresponding sub-indicator falling to its lowest level since January 2010. According to the statistical institute, a majority of firms in the industrial and services sectors showed a more pessimistic assessment of their business prospects in the next six months. Meanwhile, after plunging to a record-low in May, the consumer confidence index improved for a second consecutive month. Respondents to the July survey showed somewhat less concern about the general economic situation in the next 12 months. As a result, a majority of consumers showed a less pessimistic assessment about their own financial situation as well. In addition, the number of consumers expecting unemployment to increase compared to the previous month remained broadly unchanged.
Czech Republic Economic Sentiment
Economic sentiment plunges to lowest level in nearly three years
July 24, 2012
Looking for forecasts related to Economic Sentiment in Czech Republic? Download a sample report now.
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%.