Czech Republic Economic Sentiment September 2018

Czech Republic

Czech Republic: Economic sentiment strengthens in September

September 24, 2018

The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), climbed from 99.1 in August to 99.6 in September. 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 rose from 96.9 in August to 97.3 in September. The increase came on the back of improved sentiment in the trade and services sectors, which more than offset a slight deterioration in confidence in construction. Meanwhile, confidence in the industry sector remained unchanged from the previous month.

Similarly, consumers were more optimistic in September, with the consumer confidence index rising from 110.3 in August to 111.0 points. The climb was mainly due to consumers’ stronger willingness to save compared to the previous month. 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. For 2019, the panel sees private consumption growing 3.3%, which is down 0.1 percentage points from last month’s forecast. Meanwhile, fixed investment is seen increasing 6.6% in 2018, which is unchanged from last month’s projection. For 2019, panelists expect fixed investment to expand 3.9%, down 0.1 percentage points from last month’s estimate.

Author:, Economist

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Czech Republic Economic Sentiment Chart

CzechRepublic Economic Sentiment September 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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