Skyline of Prague, Czech Republic

Czech Republic Economic Sentiment November 2018

Czech Republic: Economic sentiment slips in November

The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), dipped from 99.8 points in October to 99.3 in November. As a result, the indicator moved further below the 100-point mark that separates optimism from pessimism in the Czech economy.

The business confidence index edged up from 97.3 in October to 97.8 in November, the highest reading since July 2008. The print reflected improved sentiment in the construction and services sectors more than offsetting a deterioration in confidence in industry and trade.

In contrast, consumers turned less optimistic in November, with the consumer confidence index falling to an over-year low of 106.9 points from 112.0 in October. The drop was mainly due to consumers’ increased wariness over the labor market and general economic situation in 12 months’ time. Nevertheless, consumer confidence remains well above the historical average.

Czech Republic Private Consumption Forecast

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest