In September, the economic sentiment indicator, published by the Czech Statistical Office, fell to 87.6 points from 89.6 points in August, marking the lowest level since March 2010. The index now sits 4.1 points below the level registered in the same month last year. However, according to the Statistics Institute, economic sentiment remains above crisis levels. The drop in September was broad-based, as both sub-components of business and consumer confidence deteriorated over the previous month. The decline in business confidence reflected a more negative assessment about the economic situation in the next six months as well as lower expectations for an increase in total demand, particularly in the trade and services sectors. Consumer confidence eased slightly over the previous month, but now sits at levels seen during the financial crisis in 2009. The reading reflected consumers' growing fears that the economic situation will worsen in the next year. Consequently, consumers assessed their own financial situation more negatively compared to the previous month. In addition, the September survey saw more respondents expecting an increase in unemployment.
Czech Republic GDP
Economic sentiment continues to deteriorate
September 26, 2011
Looking for forecasts related to GDP 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.