Czech Republic Economic Sentiment September 2017

Czech Republic

Czech Republic: Economic sentiment at eight-month high in September

September 26, 2017

The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), improved in September. It rose from the previous month’s result of 98.7 points to reach 99.1 points. This was on the back of an improvement in the confidence of both Czech businesses and consumers.

The business confidence sub-indicator rose from 96.8 points in August to reach an eight-month high of 97.0 points in September. The reading reflected improvements in sentiment in three out of the four sectors covered by the index: industry, construction and services. Meanwhile, confidence in the trade sector deteriorated.

Consumer confidence also increased in September, rising to 109.2 points from August’s 107.9 points. In recent years, this indicator has been the standout confidence indicator in the Czech Republic. September’s increase was largely driven by better expectations on job security and the overall economic situation among consumers.

FocusEconomics panelists expect private consumption to expand 3.0% in 2017, which is up 0.1 percentage points from last month’s projection. For 2018, the panel sees private consumption growing 2.9%. Panelists see fixed investment increasing 3.4% in 2017, which is unchanged from last month’s projection. For 2018, panelists expect fixed investment to expand 4.0%.

Author: Massimo Bassetti, Economist

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Czech Republic Economic Sentiment Chart

CzechRepublic Economic Sentiment September 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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