Czech Republic Economic Sentiment

Czech Republic

Czech Republic: Economic sentiment unchanged in April

April 24, 2015

The economic sentiment indicator published by the Czech Statistics Office (CSO) in April remained at March’s 95.1. Previously, sentiment had recorded modest drops in the three past months. April’s reading reflects that a slight improvement in business sentiment was offset by a slight decline in consumer confidence. As a result, the index stayed below its 100-point long-term average.

Business sentiment inched up from March’s 92.9 points to 93.2 points in April. The improvement was driven by higher confidence in the construction, trade and, to a lesser extent, services sectors. Conversely, confidence worsened in the industry sector.

Consumer confidence decreased from March’s 105.7 points to 104.3 points in April. According to the survey, while consumers’ assessment of the overall economic situation worsened slightly, their expectations on unemployment, their own financial situation and price increases was almost unchanged. Households assessed their saving capacity more positively than in March.

FocusEconomics panelists expect private consumption to expand 2.2% in 2015, which is unchanged from last month’s projection. For 2016, the panel sees private consumption growing 2.3%. Panelists see fixed investment increasing 4.1% in 2015, which is unchanged from last month’s projection. For 2016, panelists expect fixed investment to expand 4.3%.

Author: Teresa Kersting, Economist

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Czech Republic Economic Sentiment Chart

Czech Republic Economic Sentiment April 2015

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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