Czech Republic Economic Sentiment October 2019

Czech Republic

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.

FocusEconomics panelists expect private consumption to expand 2.7% in 2020, which is unchanged from last month’s projection, and 2.5% in 2021. Meanwhile, fixed investment is seen increasing 3.1% in 2020, which is down 0.1 percentage points from last month’s estimate, and 2.7% in 2021.

Author:, Economist

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Czech Republic Economic Sentiment Chart

Czech Republic Economic Sentiment October 2019

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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