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Czech Republic Economic Sentiment November 2019

Czech Republic: Economic sentiment slides to lowest level since July 2014 in November

The economic sentiment indicator, published by the Czech Statistical Office (CSO), slipped from 93.6 in October to 93.3 in November, the lowest print in over five years.

The business confidence index ticked down from 91.6 in October to 91.5 in November. The dip mainly reflected weaker sentiment in the industrial, construction and services sectors. Meanwhile, confidence in the trade sector improved noticeably from October.

Similarly, consumers turned less optimistic in November, with the consumer confidence index falling to 102.0 from 103.6 in the previous month. The decline was chiefly due to households’ increased concerns over their financial situation and reduced willingness to save ahead. Despite the downturn, however, consumer confidence remains well above the historical average.

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