Czech Republic Economic Sentiment January 2018

Czech Republic

Czech Republic: Economic sentiment slips at the start of the year

January 24, 2018

The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), slipped slightly in January owing to a drop in business confidence. Economic sentiment decreased marginally to 99.5 points, down from 99.6 points in December.

The business confidence sub-indicator decreased from 97.5 points in December to 96.9 points in January. A worsening in sentiment in the industry and construction sectors offset improved sentiment in the trade and services sectors.

Consumer confidence, meanwhile, jumped from the prior month’s 110.0 points to 112.3 points in January. The result was mainly driven by a more optimistic view of the country’s economic situation in the next 12 months.

Czech Republic Private Consumption Forecast

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 January 2018

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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