Czech Republic Economic Sentiment June 2018

Czech Republic

Czech Republic: Economic sentiment improves in June

June 25, 2018

The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), rose to 100.0 points in June from 99.2 points in May, just shy of April’s nearly ten-year high of 100.1. As a result, the indicator now lies on the 100-point mark that separates optimism from pessimism in the Czech economy.

The business confidence index increased to 97.4 points in June from 96.2 points in May. The improvement came on the back of more upbeat sentiment in the industry, construction and services sectors, whereas sentiment in the trade industry deteriorated slightly.

Consumers were less optimistic in June, however, with the consumer confidence index falling to 113.0 points from an all-time high of 113.8 points in the previous month. The downtick was largely due to consumers’ more negative assessment of employment prospects. Nonetheless, consumer confidence remained well above the historical average.

FocusEconomics panelists expect private consumption to expand 4.0% in 2018, which is unchanged from last month’s projection. For 2019, the panel sees private consumption growing 3.2%. Meanwhile, fixed investment is seen increasing 5.9% in 2018, which is up 0.2 percentage points from last month’s projection. For 2019, panelists expect fixed investment to expand 4.2%.


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Czech Republic Economic Sentiment Chart

CzechRepublic Economic Sentiment June 2018

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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