Czech Republic Economic Sentiment

Czech Republic

Czech Republic: Economic sentiment rises in November

November 24, 2015

The economic sentiment indicator published by the Czech Statistics Office (CSO) improved from October’s 95.1 points to 96.0 points in November, which marked a four-month high. November’s modest increase was driven by the fact that both businesses and consumers grew more confident. Nevertheless, the index remained below its 100-point threshold.

Business sentiment rose from October’s 93.2 points to 94.2 points in November. The improvement was driven by strengthening sentiment across all sub-sectors, particularly in construction, trade and services and, to a lesser extent, industry.

Consumer confidence increased from October’s 104.8 to 105.3 in November, mainly reflecting consumers’ fading pessimism regarding the general economic outlook. Meanwhile, consumers’ assessment of their own financial situation, of their willingness to save and of unemployment in the economy did not change.

FocusEconomics panelists expect private consumption to expand 3.1% in 2015, which is unchanged from last month’s projection. For 2016, the panel sees private consumption growing 2.8%, which is unchanged from last month’s Consensus. Panelists see fixed investment increasing 5.9% in 2015, which is unchanged from last month’s projection. For 2016, panelists expect fixed investment to expand 3.7%, which is also unchanged from last month’s projection.

Author: Teresa Kersting, Economist

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Czech Republic Economic Sentiment Chart

Czech Republic Economic Sentiment November 2015

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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