Czech Republic Economic Sentiment April 2018

Czech Republic

Czech Republic: Economic sentiment rises to a near ten-year high in April

April 24, 2018

The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), edged up from 99.7 points in March to 100.1 points in April, reflecting improved business confidence and marking the highest reading in nearly 10 years. As a result, the indicator now sits marginally above the 100-mark that separates optimism from pessimism in the Czech economy.

Business confidence rose from 97.0 points in March to 97.6 points in April, primarily due to more upbeat sentiment in the industry and service sectors. Sentiment in the trade and construction industries, meanwhile, was unchanged from the previous month.

Conversely, consumer confidence declined slightly from the prior month’s reading of 112.8 points to 112.5 points in April. The dip was mainly driven by consumers’ less optimistic view regarding the general economic situation in the next 12 months.

FocusEconomics panelists expect private consumption to expand 4.0% in 2018, which is up 0.1 percentage points from last month’s projection. For 2019, the panel sees private consumption growing 3.2%. Panelists see fixed investment increasing 5.5% in 2018, which is up 0.1 percentage points from last month’s projection. For 2019, panelists expect fixed investment to expand 4.2%.

Author:, Economist

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Czech Republic Economic Sentiment Chart

CzechRepublic Economic Sentiment April 2018 3

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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