Czech Rep. Economic Outlook
April 2, 2019Fourth-quarter growth picked up considerably, ending last year on an upbeat note and landing above analysts’ expectations. Fixed investment jumped; construction, as well as machinery and equipment, underpinned gains. Household spending, on the other hand, benefited from the exceptionally tight labor market and resilient economic sentiment. On the external front, exports held up remarkably well despite the recent pullback across the Eurozone. Looking at the new year, things appear less rosy. From the demand side, economic sentiment and retail sales have each dwindled since the turn of the year, while inflation has risen sharply. From the supply side, industrial output posted further losses in January and survey-based data through March highlighted that firms have been struggling to find new orders—and especially export orders.
Czech Republic Economic GrowthAlthough fundamentals should remain solid this year, growth is expected to moderate somewhat in line with the late-stage business cycle. Domestic demand will underpin gains amid the tight labor market and contained inflation. External-sector risks, meanwhile, appear tilted to the downside given the slowing global economy and unresolved trade conflicts. FocusEconomics analysts expect growth of 2.7% in 2019, unchanged from last month’s forecast, and 2.5% in 2020.
Czech Republic Economy Data
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Czech Republic Facts
|Bond Yield||1.84||-1.85 %||Apr 18|
|Exchange Rate||22.83||-0.66 %||Apr 18|
|Stock Market||1,102||-0.10 %||Apr 18|
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Czech Republic Economic News
April 24, 2019
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), ticked up to 97.1 points in April from March’s two-year low of 97.0.
April 10, 2019
Consumer prices rose 0.2% from the previous month in March, following February’s 0.2% month-on-month increase.
April 8, 2019
Industrial production rose 1.5% year-on-year in February, rebounding from January’s 1.0% decline.
March 28, 2019
On 28 March, the Czech National Bank (CNB) kept the two-week repo rate unchanged at 1.75%.
March 25, 2019
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), tumbled from 98.2 points in February to 97.0 in March, a two-year low.