Czech Republic Economic Sentiment December 2017

Czech Republic

Czech Republic: Economic sentiment inches up in December

December 27, 2017

The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), increased slightly in December to hit the highest reading in over nine years, despite a marginal decrease in consumer confidence. Economic sentiment increased to 99.6 points, up from 99.0 points in November.

The business confidence sub-indicator increased from 96.7 points in November to 97.5 points in December. Confidence in the industry, construction and services sub-sectors improved, while sentiment in the trade sector worsened.

Consumer confidence, on the other hand, decreased slightly from the prior month’s 110.3 points to 110.0 points in December. The result was mainly driven by a less optimistic view of the country’s economic situation in the next 12 months.

FocusEconomics panelists expect private consumption to expand 3.5% in 2018, which is up 0.2 percentage points from last month’s projection. For 2019, the panel sees private consumption growing 2.7%. Panelists see fixed investment increasing 5.1% in 2018, which is up 0.2 percentage points from last month’s projection. For 2019, panelists expect fixed investment to expand 3.6%.

Author:, Economist

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Czech Republic Economic Sentiment Chart

CzechRepublic Economic Sentiment December 2017

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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