Czech Republic Economic Sentiment October 2021

Czech Republic

Czech Republic: Economic sentiment drops in October

October 25, 2021

The economic sentiment indicator, published by the Czech Statistical Office (CSO), fell to 95.3 in October from 96.2 in September, marking the worst print since April.

The business confidence index dropped in October, coming in at 94.7, from September’s 95.3 reading. The deterioration came on the back of worsening sentiment in the industry sector, while confidence in the trade and selected services sectors improved.

Meanwhile, consumer confidence weakened in October, with the index falling to 98.5 from 100.7 in September. The decrease mainly reflected consumers’ worsening concerns regarding inflation and the overall economic situation for the next twelve months.

FocusEconomics panelists expect private consumption to increase 3.5% in 2021, which is down 0.1 percentage points from last month’s projection. For 2022, they see consumer spending growth at 3.6%. Meanwhile, fixed investment is seen growing 4.3% in 2021, which is unchanged from last month’s estimate, and expanding 5.0% in 2022.


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