Czech Republic: Economic sentiment falls to lowest level since August 2014
October 24, 2019
The economic sentiment indicator, published by the Czech Statistical Office (CSO), dipped from 94.6 in September to 93.6 in October, the lowest print in over five years.
The business confidence index slipped from 92.9 in September to 91.6 in October. The print mainly reflected weaker sentiment in the trade and industrial sectors. Meanwhile, confidence in the construction and services sectors improved from September.
In contrast, consumers turned more optimistic in October, with the consumer confidence index edging up to 103.6 from 103.3 in the previous month. The rise was chiefly due to households’ increased willingness to save ahead. Consumer confidence remains well above the historical average.
Author: Javier Colato, Economist