Czech Republic Economic Sentiment

Czech Republic

Czech Republic: Economic sentiment improves in October

October 24, 2012

The economic sentiment index published by the Czech Statistical Office edged up to 83.6 points in October from 83.2 points in September. Despite the monthly increase, the index remains 6.8 points below the level recorded in the same month last year. The monthly improvement showed that, after falling to a four-month low in September, consumer confidence picked up in October, reflecting consumers' less pessimistic assessment about the general economic situation in the next 12 months. In addition, households were less pessimistic about both their own financial situation as well as regarding developments in the labour market. Simultaneously, the business confidence indicator remained unchanged compared to the previous month. The print reflected rising business confidence in the industrial and construction sectors, while sentiment deteriorated in selected services and trade.

Author:, Senior Economist

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Czech Republic Economic Sentiment Chart

Czech Republic Economic Sentiment October 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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