Czech Republic Economic Sentiment April 2016

Czech Republic

Czech Republic: Economic sentiment decreases in April

April 25, 2016

The economic sentiment indicator published by the Czech Statistics Office (CSO) fell from March’s 96.7 points to 95.6 points in April. The result marked the third consecutive drop, following January’s multi-year high, and came on the back of moderations in both business sentiment and, albeit to a lesser extent, consumer confidence. Thus, the index remained below its 100-point long-term average.

Business sentiment inched down from March’s 95.1 points to 93.8 points in April. Sentiment decreased in selected services, while it increased in construction, industry, and in trade.

Consumer confidence fell slightly from March’s 104.8 points to 104.3 points in April. This decline mainly reflected that consumers became more concerned about their financial standing. Consumer’s sentiment regarding employment and their willingness to save money were relatively stable, while concerns over rising prices were unchanged.

FocusEconomics panelists expect private consumption to expand 2.8% in 2016, which is unchanged from last month’s projection. For 2017, the panel sees private consumption growing 2.6%. Panelists see fixed investment increasing 2.0% in 2016, which is unchanged from last month’s projection. For 2017, panelists expect fixed investment to expand 3.3%.

Author: Teresa Kersting, Economist

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Czech Republic Economic Sentiment Chart

Czech Republic Economic Sentiment April 2016

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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