Czech Republic Economic Sentiment September 2020

Czech Republic

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

September 24, 2020

The economic sentiment indicator, published by the Czech Statistical Office (CSO), edged up to 90.9 in September (August: 87.0).

The business confidence index continued to rise in September, coming at 89.5, up from August’s 85.5 reading. The increase was driven by a broad-based improvement of sentiment among sectors: the trade, construction, industrial and selected services sectors all recorded higher sentiment.

Moreover, consumer confidence improved in September, with the consumer confidence index increasing to 97.6 from 94.4 in August. The rise reflected consumers’ diminished concerns regarding their financial situation and stronger intentions to save.

FocusEconomics panelists expect private consumption to fall 4.5% in 2020, which is up 0.3 percentage points from last month’s projection, and grow 4.0% in 2021. Meanwhile, fixed investment is seen declining 13.3% in 2020, which is down 0.5 percentage points from last month’s estimate, and expanding 5.5% in 2021.

Author: Massimo Bassetti, Senior Economist

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Czech Republic Economic Sentiment Chart

Czech Republic Economic Sentiment September 20 20

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. Long-term average 2003-2019=100.
Source: Czech Statistical Office (CSO).

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