Czech Republic Economic Sentiment

Czech Republic

Czech Republic: Economic sentiment drops in September

September 24, 2012

The seasonally-adjusted economic sentiment index published by the Czech Statistical Office fell to minus 3.8 points in September from minus 3.6 points in August. As a result of the monthly fall, the index is now 5.1 points below the level observed in the same month last year. Consumer confidence declined, as households continue to reveal increasing concerns about the general economic situation in the next 12 months. In addition, respondents to the September survey showed a more pessimistic assessment about both their own financial situation as well as regarding developments in the labour market. Meanwhile, the business confidence indicator improved for a second consecutive month in September. The reading reflected how rising confidence in selected services and in trade more than compensated for deteriorating sentiment in construction and industry.

Author:, Senior Economist

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Czech Republic Economic Sentiment Chart

Czech Republic Economic Sentiment September 2012

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

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