Czech Republic Economic Sentiment

Czech Republic

Czech Republic: Economic sentiment rises in June

June 24, 2015

The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from May’s 95.5 points to 97.0 points in June, reaching the highest level since July 2008. The improvement reflects increases in both business sentiment and consumer confidence. Nevertheless, the index stayed below its 100-point long-term average.

Business sentiment inched up from May’s 93.8 points to 95.5 points in June. The improvement was driven by higher confidence in the industry, services and trade sectors. Conversely, confidence moderated in the construction sector.

Consumer confidence advanced from May’s 103.6 points to 104.3 points in June, mainly reflecting that consumers’ assessment of the overall economic situation improved slightly. However, their expectations on their own financial situation and on price increases were broadly stable compared to May. In addition, their expectations regarding unemployment and their saving capacity were also roughly unchanged.

FocusEconomics panelists expect private consumption to expand 2.4% in 2015, which is unchanged from last month’s projection. For 2016, the panel sees private consumption also growing 2.4%. Panelists see fixed investment increasing 4.5% in 2015, which is unchanged from last month’s projection. For 2016, panelists expect fixed investment to expand 4.1%.

Author: Teresa Kersting, Economist

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Czech Republic Economic Sentiment Chart

Czech Republic Economic Sentiment June 2015 0

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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