Czech Republic Economic Sentiment October 2018

Czech Republic

Czech Republic: Economic sentiment strengthens for third consecutive month in October

October 24, 2018

The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), climbed from 99.6 in September to 99.8 in October, the third successive monthly rise. As a result, the indicator moved closer to the 100-point mark that separates optimism from pessimism in the Czech economy.

The business confidence index remained steady at September’s 97.3 in October. The reading reflected improved sentiment in the industrial and construction sectors being offset by a deterioration in confidence in trade and services.

Meanwhile, consumers turned more optimistic in October, with the consumer confidence index rising to 112.0 points from 111.0 in September. The climb was mainly due to consumers’ improved views over the general economic situation in 12 months’ time. Consumer confidence remains well above the historical average.

FocusEconomics panelists expect private consumption to expand 3.9% in 2018, which is unchanged from last month’s projection, and 3.3% in 2019. Meanwhile, fixed investment is seen increasing 7.0% in 2018, which is up 0.4 percentage points from last month’s estimate, and 4.4% in 2019.

Author:, Economist

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Czech Republic Economic Sentiment Chart

CzechRepublic Economic Sentiment October 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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