The economic sentiment index rose by 1.1 points over October, pushing the index to 92.7 points in November. The November reading marked the first increase in the index, after two consecutive moths of declining economic sentiment and represented the second highest level so far this year. On a yearly basis, the index is 10.1 points above the level observed in the same month last year. The increase in economic sentiment reflected improvements in consumer confidence (+2.2 points) and business confidence (+0.9 points). The improvement in consumer confidence was the result of consumer's less pessimistic assessment about the overall economic situation over the next twelve months, as well as a more optimistic assessment of their individual financial position. Moreover, less consumers expect unemployment to rise. Business confidence also improved, as domestic demand strengthened in the industrial and trade sectors leading to increased optimism regarding future business prospects over the next three months. In contrast, business confidence in both the construction and services sector, dropped over the previous month.
Czech Republic Economic Sentiment
Economic sentiment rises to two-year high in November
November 24, 2010
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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%.