Czech Republic Economic Sentiment October 2017

Czech Republic

Czech Republic: Economic sentiment at an eleven-month high in October

October 24, 2017

The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), rose again in October. Economic sentiment increased to 99.3 points, up from the prior month’s 99.1 points. The result was driven by an improvement in business confidence; consumers, however, were less confident compared to the previous month.

The business confidence sub-indicator rose from 97 points in September (previously reported: 96.8 points) to 97.4 points in October, but paints a mixed picture as confidence in two of the four sectors deteriorated: construction and services. However, confidence in the industry and trade sectors improved.

Consumer confidence, on the other hand, deteriorated slightly from the prior month’s 109.2 points to 108.7 points in October. The result was primarily driven by decreased expectations of job security.

FocusEconomics panelists expect private consumption to expand 3.2% in 2018, which is up 0.2 percentage points from last month’s projection. For 2019, the panel sees private consumption growing 2.5%. Panelists see fixed investment increasing 4.8% in 2018, which is up 0.7 percentage points from last month’s projection. For 2019, panelists expect fixed investment to expand 3.5%.

Author:, Economist

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Czech Republic Economic Sentiment Chart

CzechRepublic Economic Sentiment October 2017

Note: The Economic Sentiment Indicator is in compliance with the EU methodology presented as a weighted average of confidence indicators in industry, construction, trade, selected services and the consumer confidence indicator. Average of 2005 = 100.
Source: Czech Statistical Office (CSO).

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