Czech Republic Economic Sentiment November 2022

Czech Republic

Czech Republic: Economic sentiment ticks up in November

November 25, 2022

The economic sentiment indicator, published by the Czech Statistical Office (CSO), rose to 90.1 in November from 89.8 in October.

Consumer sentiment increased in November, with the index rising to 76.0 from 71.9 in October, which marked the weakest reading on record. The drop reflected households’ diminishing concerns over the general economic situation and their own financial situation.

On the flip side, the business confidence index decreased to 93.0 from October’s 93.4. The result came on the back of weaker sentiment in all sectors barring construction.

FocusEconomics panelists expect private consumption to increase 1.4% in 2023, which is down 0.2 percentage points from last month’s projection. For 2024, they see consumer spending growth at 3.0%.


Author: Massimo Bassetti, Senior Economist

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Czech Republic Economic Sentiment Chart


Czech Republic Economic Sentiment November 2022

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. Long-term average 2003-2019=100.
Source: Czech Statistical Office (CSO).


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